SC verdict on real estate Act benefits homebuyers
Context: The Supreme Court affirmed that the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA) are applicable to projects that were ongoing and for whom completion certificates were not obtained at the time of the enactment of the law, in effect interpreting that the law is retroactive. Relevance: GS-III: Industry and Infrastructure, […]
NPPA fixes price caps for anti-diabetic medicines
Context: Drug price regulator National Pharmaceutical Pricing Authority (NPPA) said it has fixed the ceiling prices for 12 anti-diabetic generic medicines, including glimepiride tablets, glucose injection and intermediate acting insulin solution. To make it possible for every Indian to afford medical treatment against diseases like diabetes, NPPA has initiated a successful step by fixing the […]
MNRE launches Green Day Ahead Market (GDAM)
Context: Union Minister of Power & New and Renewable Energy, launched the new market segment, Green Day Ahead Market (GDAM). Relevance: GS-III: Industry and Infrastructure (Renewable sources of Energy, Energy Security, Solar Energy) Dimensions of the Article: What is Green-Day-Ahead Market (GDAM)? How will GDAM be beneficial? Significance of GDAM What is Green-Day-Ahead Market (GDAM)? […]
Powering the energy sector: Electricity (Amendment) Bill
Context: The Electricity (Amendment) Bill of 2020 is a game-changing reform which will set the process of de-licensing power distribution after the monopoly of the state is dismantled. Relevance: GS-III: Industry and Infrastructure (Energy Sector, Sources of Energy, Types of Resources and Sustainable use of Resources), GS-II: Governance (Government Interventions and Policies, Issues arising out […]
Cabinet approves setting up new PM MITRA textile parks
Context: The Union Cabinet approved the setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) Parks at an outlay of ₹4,445 crore. Relevance: GS-III: Industry and Infrastructure (Textile Industry, Government Policies and Initiatives, Industrial Policy) Dimensions of the Article: About PM Mega Investment Textiles Parks (PM MITRA) scheme Latest updates on MITRA […]
Auto Industry and Drone Industry PLI Scheme explained
Context: The Union government has approved a Production Linked Incentive (PLI) Scheme for Auto Industry and Drone Industry with a budgetary outlay of Rs. 26,058 crore. Relevance: GS-III: Industry and Infrastructure (Industrial Growth, Industrial Revolution), GS-III: Indian Economy (Growth and Development of Indian Economy) Dimensions of the Article: PLI Scheme for Auto Industry PLI Scheme […]
Catching up: Scheme for textile sector
Context: The Union Cabinet has cleared an outlay over Rs. 10 thousand crore on a production linked incentive scheme in the man-made fibre (MMF) apparel, fabrics, and technical textiles sectors. Relevance: GS-III: Industry and Infrastructure, GS-III: Indian Economy (Employment, Growth & Development of Indian Economy, Inclusive Growth) Dimensions of the Article: Significance of Textile Sector […]
Lockdowns slowed green energy push: IEEFA Report
Context: The lockdowns slowed renewable energy installations in the country and the pace of such installation is lagging India’s 2022 target, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA). Relevance: GS-III: Industry and Infrastructure (Energy infrastructure), GS-III: Environment and Ecology (Environmental Pollution and Degradation, Conservation of the Environment, Government […]
Report on land-use for renewable energy in India
Context: Institute for Energy Economics and Financial Analysis (IEEFA) released a report named Renewable Energy and Land Use in India by Mid-Century. Relevance: GS-III: Industry and Infrastructure (Solar Energy, Renewable Energy, Growth & Development, Energy Security) Dimensions of the Article: About the “Renewable Energy and Land Use in India by Mid-Century” report Way Forwards suggested […]
It’s time for Industry 4.0
Context: Industry 4.0 or the Fourth Industrial Revolution (4IR) is the ongoing automation of traditional manufacturing and industrial practices, using modern smart technology. There is an increased importance in exploring how the adoption of Industry 4.0 technologies can make MSMEs more efficient and competitive. Relevance: GS-III: Industry and Infrastructure (Industrial Growth, Industrial Revolution), GS-III: Indian […]