Production Linked Incentive (PLI) Schemes
Context: The central government has disbursed incentive amount of Rs 4,415 crore under its flagship Production-Linked Incentive (PLI) schemes for as many as eight sectors. Relevance: GS III: Indian Economy Dimensions of the Article: Production-Linked Incentive (PLI) Scheme Update: Production Linked Incentive (PLI) Scheme Overview: Performance Evaluation of PLI Schemes: Positive Outcomes: Export Achievements: Challenges […]
Yen Denominated Green Bonds
Context: REC Limited, a Maharatna and a Central Public Sector Enterprise (CPSE) under the Ministry of Power, has achieved a significant milestone by issuing its inaugural Japanese Yen (JPY) 61.1 billion green bonds under the Global Medium Term Notes Programme. Relevance: GS III: Indian Economy Dimensions of the Article: Yen Denominated Green Bonds by REC […]
What is a Windfall Tax
Context: India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification. Relevance: GS III: Indian Economy Dimensions of the Article: What is a windfall tax? Why are countries levying windfall taxes now? What are the issues with imposing such taxes? […]
Positive Trends in Multidimensional Poverty Reduction in India
Context: The NITI Aayog’s recent Discussion Paper, “Multidimensional Poverty in India since 2005-06,” reveals encouraging progress, with 24.82 crore people escaping multidimensional poverty over the past nine years. The paper draws on data from the National Family Health Surveys (NFHS) conducted in 2005-06, 2015-16, and 2019-21 to analyze the long-term trends in poverty. Relevance: GS […]
About Startup India Initiative
Context: National Startup Day is observed annually on 16th January to appreciate and promote the Indian Startup Ecosystem. Relevance: GS III: Indian Economy Startup India Initiative: Nurturing Innovation and Growth Initiation and Vision: Eighth Anniversary Milestone: Government Benefits for Recognized Entities: Financial Support through SIDBI Fund of Funds: Comprehensive Initiatives:
About The Kachchhi Kharek
Context: Kachchhi Kharek, the indigenous variety of dates of Kutch, has become the second fruit of Gujarat to get a geographical indication (GI) tag from the Controller General of Patents, Designs and Trade Marks (CGPDT) of India. Relevance: GS III: Indian Economy Dimensions of the Article: Kachchhi Kharek: Cultivating Ancient Dates in Kutch Geographical Indications […]
Global Economic Prospects 2024 World Bank
Context: Recently, the World Bank (WB) has released its Global Economic Prospects Report, which shows that the global economy may witness a poor performance by the end of 2024, the slowest half-decade of GDP (Gross Domestic Product) growth in 30 years. Relevance: GS III: Indian Economy Dimensions of the Article: Global Economic Outlook 2024: Key […]
World Employment and Social Outlook
Context: The International Labour Organisation (ILO) presents the World Employment and Social Outlook: Trends 2024 report, signaling a projected rise in the global unemployment rate in 2024. Growing inequalities and stagnant productivity emerge as significant concerns. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of ILO’s Trends 2024 Report Resilient Labor Markets: […]
Global Risk Report 2024
Context: The World Economic Forum (WEF) presents a comprehensive Global Risk Report 2024, shedding light on imminent threats anticipated over the next decade. Amidst technological upheavals, economic fluctuations, climate concerns, and geopolitical tensions, the report underscores severe risks shaping our future. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of the Global […]
About Momentum Investing
Context: Many academic studies have shown that momentum investing can generate high returns that comfortably beat the benchmark indices. Relevance: GS III: Indian Economy Momentum Investing: Key Characteristics Definition: Strategy Basis: Trend Recognition: Profit Objective: Analytical Approach: Buy High, Sell Higher: Philosophical Contrast: -Source: The Hindu