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Indian Navy Indigenisation Plan

In News The Navy in 2014 promulgated the Indian Navy Indigenisation Plan (INIP) 2015-2030 to enable indigenous development of equipment and systems in weapons and aviation related items. About INIP Aim: It provides a flexible and accessible interface for academia and industry with Indian Navy capability development apparatus. The Navy has indigenised around 3400 items […]

Insolvency and Bankruptcy Board of India (IBBI)

In News The Insolvency and Bankruptcy Board of India (IBBI) is conducting the ‘3rd National Online Quiz on Insolvency and Bankruptcy Code, 2016’, to promote awareness and understanding of the Code among various stakeholders, across the country.  About  Insolvency and Bankruptcy Board of India It was established on 1st October, 2016 under the Insolvency and […]

Export Promotion Capital Goods (EPCG) scheme

In News Recently ,the Government has relaxed various procedures under the Export Promotion Capital Goods (EPCG) scheme in order to reduce compliance requirements and facilitate ease of doing business. Major Changes  The changes include those related to annual reporting of EO (export obligation) — instead of by April 30 each year, exporters can file that […]

Oil bonds

In News The Finance Minister has said the government cannot bring down taxes and thus oil prices because it has to pay for oil bonds issued by the UPA. What are oil bonds? Meaning: An oil bond is an IOU, or a promissory note issued by the government to the OMCs, in lieu of cash […]

Wild Life (Protection) Amendment Bill, 2021

In News The Wild Life (Protection) Amendment Bill, 2021 was introduced in the Lok Sabha which amends the Wild Life (Protection) Act, 1972 (WLPA). Major Highlights Image Courtesy: the indian wire   Invasive alien species The Bill empowers the central government to regulate or prohibit the import, trade, possession or proliferation of invasive alien species.  […]

Vaquita porpoise

In Context According to the United States Commission for Environmental Cooperation (CEC) Vaquita porpoise is nearing extinction and immediate measures are needed to save the remaining population . The population of the species declined 98 per cent in two decades. Image Courtesy:DTE   About Vaquita porpoise The vaquita porpoise is the world’s smallest cetacean and […]

Sovereign Debt

In News  The Sri Lankan government decided to default on all its sovereign debt worth $51 billion as it awaits financial assistance from the International Monetary Fund (IMF).  What is Sovereign Debt? Sovereign debt refers to the debt issued or accumulated by any government. Governments borrow money to finance the various expenses that they cannot […]

Production-Linked Incentive Scheme for Textile Sector

In News  Recently,The government approved 61 applications of companies with an investment potential of over Rs 19,000 crore under the production linked incentive (PLI) scheme for textiles. About PLI Scheme in Textile Sector Government approved PLI Scheme for Textiles products, namely MMF Apparel, MMF Fabrics and Products of Technical Textiles, for enhancing India’s manufacturing capabilities […]

Oxfam Report: First Crisis, Then Catastrophe

In News According to a new report by Oxfam, over a quarter of a billion people will be pushed into poverty in 2022. About the Report Title: First Crisis, Then Catastrophe The Oxfam estimates are based on World Bank projections and earlier research by the World Bank and Centre for Global Development.  The report was […]

Barbara Forest

In Context  The Barbara Forest will be thrown open to the public from the next tourist season for promoting ecotourism. About Barbara forest It is named after a British forest officer’s wife, who was killed in a tiger attack in the area, 100-odd years ago. It is situated in Odisha and is dubbed as Asia’s […]

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