Category: Economy

  • Cruise Bharat Mission (CBM) 

    Important for UPSC, State PCS Prelims: Swadesh Darshan scheme, Namami Gange Project , Lighthouse, PM GatiShakti National Master Plan ,Cruise Bharat Mission (CBM)Mains: General Studies Paper 3 – Cruise Tourism in India and related Initiatives Context – Recently, the Union Minister of Ports, Shipping & Waterways (MoPSW) launched the ‘Cruise Bharat Mission’ from the Mumbai…

  • 10 Years of Make in India

    Important for UPSC, State PCS Prelims: make in India . FDI . Investment . global manufacturing hub .Mains: General Studies Paper 3 . Economy Why in the news ? Make in India New Mindset: The government embraced a role as a facilitator rather than a regulator.  Launched in 2014 under Prime Minister Narendra Modi’s leadership. Aim:  To facilitate…

  • India and ASEAN Relations

    Important for UPSC, State PCS Prelims: ASEAN , SINGAPOR , Act East Policy , Free Trade Agreement , South China Sea , SAGAR . Mains: General Studies Paper 2 – Significance of ASEAN for India, Key Concerns in India-ASEAN Relations. ASSOCIATION OF SOUTHEAST ASIAN NATION (ASEAN)  ASEAN History ASEAN Member Countries Association of Southeast Asian Nations…

  • Digital Agriculture Mission

    Important for UPSC, State PCS Prelims: Digital agriculture mission . Green revolution , Pradhan Mantri Fasal Bima Yojna (PMFBY)Mains: General Studies Paper 3 , Significance of Digitisation of Agriculture Sector and E-Technology for Farmers Why in the news ? The Union Cabinet Committee recently approved the Digital Agriculture Mission. with a budget of Rs. 2,817 Crore, including…

  • Countervailing Duty and Anti-dumping Duty

    Important for UPSC, State PCS Prelims: EconomyMains: General Studies Paper 2, Paper 3 Countervailing duty (CVD) and Antidumping duty (ADD) in the international trade play crucial roles in safeguarding domestic industries from unfair trade practices. Why in the news? https://www.thehindu.com/news/national/dgtr-recommends-anti-dumping-duty-on-sodium-cyanide-imports/article68042916.ece https://www.thehindu.com/business/Industry/why-the-european-commission-imposed-provisional-anti-dumping-duties-on-indian-optical-fiber-cable-makers-explained/article68315717.ece Countervailing Duty (CVD) Government of the importing country impose countervailing duty on imported goods…

  • IRDAI-Insurance Regulatory and Development Authority of India

    Topic: GS-3, Resource Mobilisation, IRDAI PRELIMS IRDAI– An Introduction The Indian insurance sector has witnessed tremendous growth in recent years due to the establishment of the IRDAI – Insurance Regulatory and Development Authority. Established in 1999, IRDAI plays a pivotal role in safeguarding consumer interests and fostering a healthy insurance market in India. IRDAI was…

  • MSMEs in India

    MSMEs in India

    Ref : https://indianexpress.com/article/opinion/columns/msmes-are-not-paid-on-time-they-need-to-be-9312221/ Introduction India’s economy relies heavily on the MSME sector, which encourages entrepreneurship and generates employment with minimal investment. It complements larger industries as ancillary units, contributing to inclusive industrial growth. However, the MSME sector faces challenges like limited access to finance, slow technology adoption, and struggles to compete globally. What are MSMEs?…

  • Central Bank Digital Currency (CBDC)

    Central Bank Digital Currency (CBDC)

    Ref : https://indianexpress.com/article/business/permanent-deletion-transactions-e-rupee-anonymous-shaktikanta-das-9312058/ Why in the news? Governor Shaktikanta Das said that permanent deletion of transactions can make the e-rupee or Central Bank Digital Currency (CBDC) become anonymous and make it at par with paper currency. What is Central Bank Digital Currency (CBDC)? A fiat currency is a national currency that is not pegged to…

  • Anti- Dumping Duty

    Anti- Dumping Duty

    Ref : https://indianexpress.com/article/business/economy/govt-clamps-down-on-dumping-from-china-over-1-3rd-anti-dumping-duties-levied-in-cases-with-sole-or-two-producers-since-fy22-9310194/ Why in the news? The government tightens restrictions on imports from China. More than a third of anti-dumping tariffs imposed in cases involving only one or two manufacturers since the fiscal year 2022. What is Anti-Dumping Duty? What is Countervailing duty (CVD)?

  • Minimum Support Price (MSP)

    Minimum Support Price (MSP)

    Ref: https://www.thehindu.com/news/national/watch-what-is-minimum-support-price/article67894764.ece Introduction: Recently, farmer groups have requested a legal assurance for the procurement of crops at Minimum Support Price (MSP). Minimum support price (MSP) was introduced in 1966-67 as part of agricultural reforms by the Central Government. Need for MSP How Does the Government Decide on the MSP? Three Kinds of Production Cost: Legal…