Ministry Of Coal Finalises Agenda Document For 2021- 22: The Ministry of Coal has finalized an Agenda Document for the year 2021-22 which broadly focuses on the four areas of : Coal Sector Reforms Coal Transition and Sustainability Institution Building Futuristic Agenda. The Agenda covers the entire gamut of areas for steering the Coal Sector […]
Category: Economics Current Affairs
Pandora Papers
Pandora Papers: There are at least 380 persons of Indian nationality in the Pandora Papers. The Pandora Papers investigation is the world’s largest-ever journalistic collaboration, involving more than 600 journalists from 150 media outlets in 117 countries. The investigation is based on a leak of confidential records of 14 offshore service providers that give professional […]
IMF Against Cryptocurrencies
Crypto Currency: International Monetary Fund (IMF) has warned against the adoption of Crypto currency, saying it can threaten financial stability of emerging markets. According to the IMF, Crypto currency poses new challenges to financial stability and consumer protection risks remain substantial given limited or inadequate disclosure and oversight. The total market value of all the […]
Draft Electricity (Rights of Consumers) Amendment Rules, 2021
The Draft Electricity (Rights of Consumers) Amendment Rules, 2021: The Union Ministry of Power has promulgated the Electricity (Transmission System Planning, Development and Recovery of Inter-State Transmission Charges) Rules 2021. The rules underpin a system of transmission access which is termed as a General Network Access in the inter-state transmission system. This provides flexibility to […]
IndiaXports 2021 Portal
IndiaXports 2021 Portal: Union Minister for MSMEs virtually inaugurated the India Export Initiative and IndiaXports 2021 Portal of India SME Forum in New Delhi. IndiaXports aims to orient MSMEs free of cost, with the objective of focussing on the untapped export potential in existing tariff lines and supporting MSMEs in order to grow the number […]
Defence Acquisition Council (DAC)
Defence Acquisition Council (DAC): The Defence Acquisition Council (DAC) in its meeting of 29 September 2021 held under the Chairmanship of Raksha Mantri Shri Rajnath Singh accorded Acceptance of Necessity (AoN) for Capital Acquisitions proposals for modernization and operational needs of the Indian Armed Forces amounting to approx. Rs.13,165 cr. Of the total amount approved, […]
Production-Linked Incentive (PLI) Scheme for Textile
Production-Linked Incentive (PLI) Scheme: The Government has launched the Production-Linked Incentive (PLI) scheme for the textiles sector worth Rs 10,683 crore. This is part of a larger PLI scheme for 13 sectors, with a total budgetary outlay of 1.97 lakh crore. The PLI scheme for textiles aims to promote the production of high value Man-Made […]
Export Credit Guarantee Corporation (ECGC)
Export Credit Guarantee Corporation (ECGC): The Union Cabinet has approved capital infusion in the Export Credit Guarantee Corporation (ECGC) and its listing through an initial public offering. The government will inject Rs 4,400 crore in the ECGC over a period of five years beginning 2021-22. The Cabinet also approved continuation of the National Export Insurance […]
Ordnance Factory Board (OFB)
Ordnance Factory Board (OFB): The Defence Ministry has issued an order for the dissolution of the Ordnance Factory Board (OFB) with effect from October 1 upon which its assets, employees and management would be transferred to seven newly constituted defence public sector undertakings (DPSUs). This would mean the end of the OFB, the establishment of […]
Government Borrowings: 2021
Government Borrowing: The government will borrow Rs 5.03 lakh crore in the second half of the current fiscal to fund the revenue gap for reviving the pandemic-hit economy. During the first half, the government has raised Rs 7.02 lakh crore by issuing bonds. The government raises money from the market to fund its fiscal deficit […]
