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Fourth Industrial Revolution

In News, The World Economic Forum (WEF) has chosen Hyderabad for establishing its Center for the Fourth Industrial Revolution focused on healthcare and life sciences. C4IR Telangana will be the 18th center to join WEF’s Fourth Industrial Revolution (4IR) network that spans four continents. Do you Know? The first industrial revolution used water and steam […]

India: 5th largest Economy

In News Recently, India surpassed the UK to become the world’s fifth biggest economy. Key Highlights Leaving behind UK: India leaped past the UK in the final three months of 2021 to become the fifth-biggest economy.  The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP […]

Design Linked Incentive (DLI) Scheme

In Context The government will review norms of the Design Linked Incentive (DLI) program which envisages to support 100 companies involved in product design in the semiconductor space as part of a Rs 76,000 crore scheme for developing the electronic chip ecosystem in the country,  About Design Linked Incentive (DLI) Scheme. It was announced in […]

Survey on MSMEs: SIDBI

In Context  Two-thirds of Micro, Small and Medium Enterprises (67 per cent) in India were temporarily shut for three months or more in FY2021 according to a survey of 1,029 enterprises by Small Industries Development Bank of India (SIDBI). Major Findings  About 66 per cent of respondents in the survey reported a decline in profitability […]

Quarterly Employment Survey (QES)

In News Recently, the report of the second quarter of Quarterly Employment Survey (QES), part of All-India Quarterly Establishment-based Employment Survey (AQEES) was released. Key Findings Employment: Total employment in nine select sectors stands at 3.1 crore for the quarter ending September 2021.  So, employment is showing an increasing trend. The total employment for these […]

Bina (MP)-Panki (UP) Multiproduct Pipeline Project

In News  Recently, the Multi Product pipeline from Bina Refinery (MP) to POL Terminal at Panki, Kanpur (UP) was dedicated to the nation by the Prime Minister of India. The project has been completed and commissioned one month ahead of the approved completion schedule of December 2021 (3 years from PNGRB authorisation) and within the […]

Program for Development of Semiconductors and Display Manufacturing Ecosystem in India

In News  The Union Cabinet approved a ?76,000 crore scheme to boost semiconductor and display manufacturing in the country. About the Programme Program for Development of Semiconductors and Display Manufacturing Ecosystem in India aims to provide a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design. The program will […]

Agriculture Infrastructure Fund

Context  The government has so far disbursed Rs 2,071 crore for 4,003 projects under the Agriculture Infrastructure Fund. About Agriculture Infrastructure Fund  It is a  pan India Central Sector Scheme launched in the year 2020. Aim: To provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure […]

Services Sector In India

In News  India’s services sector activity expanded at the second-fastest pace in more than a decade during November, driven by a sustained rise in new work and improvement in market conditions. Service Sector in India The service sector is the largest and fastest-growing sector in India and has the highest labour productivity. India’s services sector […]

Noida International Airport

In News  The foundation stone of the Noida International Airport at Jewar in Uttar Pradesh was laid by the Prime Minister of India. About the Noida International Airport The airport is being developed by Yamuna International Airport Private Limited (YIAPL), a 100 per cent subsidiary of the project’s Swiss concessionaire Zurich International Airport AG at […]