Need for bolstering MSMEs
Context: Recently, Union Minister for MSMEs said six pillars were identified as focus areas for the growth of the MSME sector namely Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: Understanding MSMEs in India Pointers about MSMEs in India Measures that can give some hope to […]
The Problem of Food Inflation
Context: India has been witnessing a continued growth in the GDP, but the core inflation seems set on a downward trajectory. The food inflation has stayed stubbornly elevated, restricting the fall in the consumer price index (CPI). Relevance: GS III: Indian Economy Dimensions of the Article: Calculation of Food Inflation in India: Factors Contributing to […]
Primary Agricultural Credit Societies (PACS)
Context: Union Minister of Home Affairs and Cooperation Amit Shah urged stakeholders in cooperative societies to support the establishment of primary agricultural credit societies (PACS) in all villages and blocks of the country. Relevance: GS III- Indian Economy Dimensions of the Article: Summary of the recent announcements regarding cooperatives by Union Minister of Home Affairs […]
What is a Windfall Tax?
Context: Recently, the Indian government has increased the windfall tax on domestically produced crude oil from Rs 3,250 per tonne to Rs 6,000 per tonne. 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? Brew uncertainty in the market about future […]
Navigating Farmer Discontent Amid Unfulfilled Promises
Context: Agriculture has long been a fundamental part of India’s economy and societal framework. Despite its importance, the sector has experienced a strained relationship with the central Government in recent years. Approximately 65 percent of India’s population resides in rural areas, with 47 percent dependent on agriculture. Relevance: GS3- Mains Question: As the government embarks […]
About Interest Equalisation Scheme
Context: The Department of Commerce has extended the Interest Equalisation Scheme for pre- and post-shipment rupee export credit for Micro, Small and Medium-scale (MSME) exporters till August 31. Relevance: GS III: Indian Economy About Interest Equalisation Scheme: -Source: The Hindu
Venture Capital and Private Equity Drive Growth Globally
Context: In recent years, venture capital (VC) and private equity (PE) have become significant drivers of global innovation and economic growth. This trend marks a crucial transformation in the financial sector, reshaping industries and promoting entrepreneurship in unprecedented ways. Relevance: GS3- Growth and Development Mains Question: Venture capital (VC) and private equity (PE) reshape industries […]
About Priority Sector Lending (PSL)
Context: The RBI recently revised its priority sector guidelines to encourage banks to provide small loans in economically disadvantaged districts with low average loan sizes. Relevance: GS III: Indian Economy About Priority Sector Lending (PSL): -Source: The Hindu
Government Considers New Bank for MSME Lending
Context: The government is evaluating a proposal to establish a separate bank dedicated to direct lending for micro, small, and medium enterprises (MSMEs). This initiative aims to enhance credit availability in this under-served sector, thereby stimulating economic activity and job creation. Relevance: GS III: Indian Economy Dimensions of the Article: New Bank to Bridge Credit […]
About GST Council In India
Context: The GST Council recently announced various recommendations relating to taxation, ITC claims and demand notices. Relevance: GS III: Indian Economy Dimensions of the Article: About GST Council Matters on which GST Council makes recommendations