In News Recently, the Reserve Bank of India released a Report on Currency and Finance (RCF). Major Points RCF estimated 6.5-8.5 percent as a feasible range for medium-term GDP growth with a timely re-balancing of monetary and fiscal policies likely being the first step in this journey. The report reflects the views of the contributors […]
In News Recently, the Indian Railways has announced the closure of the Special Railway Establishment for Strategic Technology and Holistic Advancement (SRESTHA). Key Findings Recommendations of the Principal Economic Adviser Sanjeev Sanyal for Rationalisation of Government Bodies: The restructuring plan of the country’s largest employer and transporter which is resulting in the closure or merger […]
In Context Recently, Discussions were on to link the e-Shram portal with the Pradhan Mantri Suraksha Bima Yojana. The Ministry was working on a mechanism to process accident insurance claims by unorganised workers registered on the e-Shram portal, which has seen over 27 crore registrations so far. About In Budget Speech 2022-2023, the Finance Minister […]
In News The Indian government is set to launch an Open Network for Digital Commerce (ONDC). About ONDC Open Network for Digital Commerce (ONDC) is an initiative whose objective is to promote open networks for all aspects of exchange of goods and services over digital or electronic networks. ONDC is to be based on open-sourced […]
In News Recently, 600 rice mills in Telangana installed blending machines for rice fortification. About FCI approval: The mills started installing blending machines since the Food Corporation of India had agreed to buy fortified boiled rice while totally rejecting boiled rice. Current issue: The refusal of the Centre to lift boiled rice from the State […]
In Context Ministry of Micro, Small and Medium Enterprises launched the MSME Sustainable (ZED) Certification Scheme. MSME Sustainable (ZED) Certification Scheme This Scheme is an extensive drive to enable and facilitate MSMEs to adopt Zero Defect Zero Effect (ZED) practices and motivate and incentivize them for ZED Certification while also encouraging them to become MSME […]
In News Recently, Atal Tunnel received the Indian Building Congress (IBC) ‘Best Infrastructure Project’. Atal Tunnel It is the longest highway single-tube tunnel above 10,000 feet (3,048 m) in the world and is named after former PM Atal Bihari Vajpayee. It is a 9.02 km long, strategically significant Tunnel that runs under the ‘Rohtang Pass’ […]
In Context The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade released the Index of Eight Core Industries (ICI) for the Month of March, 2022. Major Points Output from India’s eight core sectors grew by 4.3% in March, moderately lower than the 6% growth recorded in February, but still reflecting the […]
In News Recently, Madras High Court stated that Mother Nature is a ‘living being’ with legal entity. Madras High Court’s Decision Rights: Mother Nature will have rights, duties and liabilities enjoyed by a living person. Sustainable development is leading only to sustainable destruction of nature. Juristic Status: It is the right time to confer juristic […]
In News Indonesia has decided that it will be banning the exports of palm oil to give relief to domestic shortage in wake of rising oil prices. About Indonesia, which is the world’s largest producer and exporter of palm oil, has decided to ban its exports and the associated raw materials. The step has been […]
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