Fiscal Deficit Target for FY25
Context: According to the experts, the Budget 2024-25 lowers fiscal deficit target to boost the investor Confidence. The government has set its fiscal deficit target for FY25 at 5.1% of GDP. Relevance: GS-3 Indian Economy Dimensions of the Article: Fiscal deficit target for FY25: Centre’s fiscal consolidation strategy: What is fiscal deficit? What is […]
Summary of the Interim Union Budget 2024-25
Focus: GS-3 Indian Economy Why in News? Recently, the Finance Minister of India presented the Interim Union Budget for 2024-2025 in Parliament. Key points:
Index of Eight Core Industries Witnesses Positive Growth
Focus: GS III- Indian Economy Why in News? The combined Index of Eight Core Industries (ICI) increased by 3.8per cent (provisional) in December 2023 as compared to the Index of December 2022. About Index of Eight Core Industries: Below image attached Eight Core Industries based on their weightage. Index of Industrial Production (IIP): Significance of IIP:
Drones can Revolutionise the Agriculture Sector
Context: The utilization of drones has the potential to transform the agricultural sector. The government’s focus on precision agriculture indicates that drones are on the verge of becoming a crucial element in farming practices. In Punjab, where drones were previously associated with illicit activities along the border, there is now a shift towards leveraging them […]
National Conference on Technical Textiles
Context: The Ministry of Textiles, in collaboration with the Government of Andhra Pradesh, hosted a National Conference on Technical Textiles in Vijayawada. Relevance: GS III: Indian Economy Dimensions of the Article: Conference Highlights Significance About Technical Textiles Significance and Potential Applications of Technical Textiles About National Technical Textiles Mission Objectives:
Market Access Initiative (MAI) Scheme
Context: Ahead of the interim Budget 2024, exporters have urged the government to allocate funds worth $3.88 billion for the Market Access Initiative (MAI) scheme. Relevance: GS III: Indian Economy Dimensions of the Article: Market Access Initiative (MAI) Scheme: Export Promotion Catalyst: Focus on Specific Products and Markets: Target Beneficiaries: Scope of Assistance: Eligible Agencies: […]
Reforms Needed in India’s Geographical Indication (GI) Tags Journey
Context: India’s Geographical Indication (GI) tags journey of over two decades faces challenges, with limited outcomes indicating the need for reforms in the registration processes. Relevance: GS III: Indian Economy Dimensions of the Article: Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry: Concerns Regarding […]
Design-Linked Incentive Scheme Overview
Context: Since announcement, the Design-Linked Incentive scheme (DLI) scheme has approved only seven start-ups, markedly short of its target of supporting 100 over five years. Relevance: GS III: Indian Economy Design-Linked Incentive Scheme Overview: The scheme is geared towards providing financial incentives and design infrastructure support throughout the development and deployment phases of semiconductor designs, […]
RoDTEP Scheme
Context: The Centre has no plans of re-working the popular Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exporters, despite the US government imposing anti-subsidy duties against it. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Taxation) Dimensions of the Article: Remission of Duties and Taxes on Exported Products (RoDTEP) […]
Pradhan Mantri Suryodaya Yojana
Focus: GS III- Indian Economy (Energy) Why in News? The Prime Minister of India recently chaired a meeting to launch “Pradhanmantri Suryodaya Yojana” with the target of installing rooftop solar on 1 crore houses. About Pradhan Mantri Suryodaya Yojana: