Economy

Employment Linked Incentive Scheme

Context: The Finance Minister of India announced three employment-linked incentive (ELI) schemes for two years and an internship programme in...

Pumped Storage Projects and their Importance

Context: The Union Budget  2024-25, promised the introduction of a policy to promote pumped storage projects for electricity storage. This...

Impact of Customs Duty Change on Sovereign Gold Bonds

Context: Government reduced customs duty on gold from 15% to 6% in the Union Budget 2024-25. This led to a...

Overview of India’s Tourism Sector

Context: The Ministry of Tourism’s initiatives for promoting sustainable tourism in India include several strategic pillars and specific programs.  ...

Startup Ecosystem in the Agricultural Sector

Context: Department of Agriculture & Farmers’ Welfare (DA & FW) is implementing the Innovation and Agri-Entrepreneurship Development programme under Rashtriya...

Jammu and Kashmir Lithium Block

Context: The Ministry of Mines was forced to scrap the auction for the lithium block in Jammu and Kashmir’s (J&K’s)...

The Impact of Digitalisation

Context: The Report on Currency and Finance (RCF) for 2023-24, issued by the Reserve Bank of India (RBI), indicated that...

India Complaints Against India Employment Report 2024 

Context: India, a founding member of the ILO, is likely to raise a complaint against the UN agency over its...

Impact of New Long-Term Capital Gains (LTCG) Tax Regime

Context: As announced in the Union Budget for 2024-25, new Long-Term Capital Gains (LTCG) Tax regime removes indexation benefits for...

Overview of Ethanol Production and Feedstocks

Context: For the first time, cereal grains such as maize and damaged foodgrains now make up more than 50% of...

9th NITI Aayog Governing Council Meeting 

CONTEXT: The skipping of 10 State and Union Territory representatives at the NITI Aayog’s ninth Governing Council meeting highlights significant...

Industrial Parks Under National Industrial Corridor Development Programme

Industrial Parks Under National Industrial Corridor Development Programme

Context: Union Finance Minister announced development of 12 new industrial parks under National Industrial Corridor Development Programme during her budget...

Steel Import Monitoring System 2.0 Portal

Steel Import Monitoring System 2.0 Portal

Context: The Union Minister of Steel and Heavy Industries, recently unveiled the upgraded Steel Import Monitoring System (SIMS) 2.0.  This...

White Category Industries 

Context:  Industries classified as “white category industries” may be exempt from prior approvals from state pollution control boards under Air...

Digital Postal Index Number (DIGIPIN)  System

Context: Recently, the Department of Post released a beta version of the DIGIPIN (Digital Postal Index Number) system, developed in...

India’s Installed Nuclear Power Capacity

Context: India’s installed Nuclear Power Capacity to Triple by 2031-32. “The present installed nuclear power capacity is set to increase...

State’s  Right to Levy Tax on Mineral Rights

Context: The Supreme Court, in a decision by a 9-judge constitution bench with an 8:1 majority, ruled that states have...

Payment Aggregator-Cross Border (PA-CB)

Context: Cashfree Payments, a (Non-Bank) company specialising in banking solutions and payments, received the Reserve Bank of India’s (RBI) approval...

World Bank Group Guarantee Platform

Context: The World Bank Group has launched a new guarantee platform to enhance private sector financing for development, aiming to...

India’s Declining Garment Export Performance

Context: According to a report by the Global Trade Research Initiative (GTRI), garment exports declined to $14.5 billion in the...

Rise of Indian Patent Applications

Context: In FY24, domestic patent applications surpassed foreign ones for the first time, driven by growth in chemicals, pharma, computer...

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