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:
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:
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? […]