Context Though copper demand is poised to surge over the next decade throughout geographies, the production of copper ore in India fell to 3.78 million tonnes (Mt) in FY24 from 4.13 Mt in FY19, as per the Ministry of Mines Read More …
Category: Economy
GST Council sets up GoM to review 18% GST
Context Due to the mounting pressures to lower the GST imposed on health and life insurance, the Indian government has constituted a GoM. The scheme to work out the impact of the present taxation structure in place at 18% and Read More …
World Bank Raises India’s GDP Growth Target For FY25
Context The World Bank revised India’s FY25 growth projection to 7%, up from 6.6%, despite the US partially ending preferential trade treatment. This reflects India’s robust economic performance, following an 8.2% GDP growth last year, making it one of the Read More …
Global Fintech Fest 2024
Context The Prime Minister addressed the Global Fintech Fest (GFF) 2024 at the Jio World Convention Centre in Mumbai. About GFF is collectively organized by the Payments Council of India, the National Payments Corporation of India and the Fintech Convergence Council. It aims to Read More …
Drone Technology in Indian Agriculture
Context Farmers in Bhagthala Khurd, Kapurthala, and Amritsar are using drones for spraying insecticides on their maize and moong vegetation. About The Indian drone market for agriculture is in its initial levels but suggests a promising growth. In Punjab, 93 Read More …
Vehicle Scrappage Policy in India
Context The Ministry of Road Transport and Highways has launched the Voluntary Vehicle Modernization Program or Vehicle Scrapping Policy to create an environment for phasing out undeserving polluting vehicles across the country. About The Program and Policy will be carried Read More …
Agriculture Infrastructure Fund
Context The recent redesign of the Agricultural Infrastructure Fund (AIF) by the Indian government marks a significant step towards enhancing agricultural infrastructure and supporting Farmers’ Producer Organizations (FPOs). This initiative is part of a broader strategy to improve the agricultural Read More …
India’s Pharma Sector to Reach $130 Billion by 2030
Context The Union Minister of State for Commerce and Industry, has suggested that the country’s pharmaceutical sector will touch the 130 billion US dollar mark by 2030. About Pharmaceutical Sector of India The pharmaceutical industry in India is currently worth Read More …
Rural Non-Farm Sector
Context India’s economic landscape is characterized by a significant need to generate non-farm jobs to accommodate its growing workforce. The country faces numerous challenges in achieving this goal, which are highlighted by various economic analyses and reports. Current Employment Scenario Read More …
Coal India records 7.9% growth
Context India’s Coal production for the financial year 2024-25 increased by 7.12% to 370.67 MT as of August 25, 2024, against the achieved 346.02 MT in the previous corresponding period. This is part of the greater strategy of the government Read More …