The 182nd report on ‘Ecosystem of Startups to benefit India’ was tabled by the Department Related Parliamentary Standing Committee on Commerce. More on News: Despite potential, only 5.18% of startups are agri-focused. Parliamentary Panel has raised concerns and calls to push funding & Read More
Context: Recently Niti Aayog released a report titled “Towards Decarbonising Transport – Taking Stock of G20 Sectoral Ambition”. Highlight of the Report: Responsibility of G20: The G20 countries are responsible for a significant portion of global greenhouse gas emissions (GHG), making decarbonization of the transport sector Read More
Context: The Government has hiked the windfall profit tax on crude oil produced in the country and on export of diesel. More on News: The tax, levied in the form of special additional excise duty, on domestically produced crude oil has been raised Read More
Context: At the start of 2023, experts at the World Economic Forum warned that the global rise in public debt was a ‘fiscal ticking bomb’. About Public Debt: It refers to the total amount of money that a government owes to external creditors Read More
Context: Central government is developing 11 industrial corridor projects across the country in a phased manner, as part of the National Industrial Corridor Programme. About National Industrial Corridor Programme (NICP): Aim: Developing a series of industrial corridors across the country to promote manufacturing and create job opportunities. These corridors Read More
Context: Recently, the Ministry of New and Renewable Energy informed that it has commissioned six BioCNG plants and 11,143 small biogas plants under the National Bioenergy Programme (NBP) About National Bioenergy Programme: Aim: To promote the utilization of biomass such as surplus agricultural residue, agro-based industrial Read More
Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to keep the main policy instrument (Repo rate) unchanged at 6.50%. More about the news: It has hiked the inflation projection from 5.1 per cent to 5.4 per cent for FY2024 in Read More
Context The Centre’s sudden move to restrict the imports of personal computers, laptops, palmtops etc., marks the reversal of the broadly consistent policy adhered followed by successive governments since the Rajaraman Committee. Background India has imposed restrictions on the import of personal computers, laptops, tablets, all-in-one PCs, ‘ultra-small form factor’ computers, Read More
Context: Recently, the Union Cabinet approved Rs 1.39 lakh crore for modernising the BharatNet project. This initiative involves changing its execution strategy and providing fiber connections to the last mile through Village Level Entrepreneurs. Tweaks in BharatNet Project Execution Strategy: Village Level Entrepreneurs (Udyamis) Involvement: Read More
Context: Recently, the World Trade Organization (WTO) unveiled its annual flagship publication, the World Trade Statistical Review (WTSR) for 2023. Highlights From World Trade Statistical Review (WTSR) Global Exporters and Importers: India ranked 18th in merchandise exports and 7th in services exports. India was the 9th largest goods importer and 9th in Read More