Reservation Norms For Mandatory Use Of Jute: The Cabinet Committee on Economic Affairs has approved reservation norms for mandatory use of jute in packaging for the Jute Year 2021 -22 (1st July, 2021 to 30th June, 2022) on 10th November, 2021. The Mandatory packaging norms approved for Jute Year 2021-22 provide for 100% reservation of […]
Category: Economics Current Affairs
CharDham Project
CharDham Project: The Supreme Court (SC) has spoken of the need to balance national security concerns with environmental issues in the context of the Army’s request to expand the CharDham Project (CDP) roads leading to the Indo-China border. The request came in the context of construction being carried out by China across the border. However, […]
Logistics Ease Across Different States (LEADS) Report (Index) 2021
Logistics Ease Across Different States (LEADS) Report (Index) 2021: The Ministry of Commerce and Industry has released the Logistics Ease Across Different States (LEADS) Report (Index) 2021. The LEADS report is aimed at gauging the logistics performance of states and Union Territories (UT) and identifying areas where they can improve logistics performance. It was launched […]
What is Freedom Of Air?
Freedom Of Air: India has launched a direct flight between Srinagar and Sharjah (UAE) operated by budget airline GoFirst (formerly known as GoAir). The flight was to operate through Pakistani airspace. However, the flight was denied permission to enter Pakistan and the flight had to take a longer route to reach the destination. This has […]
Legal Metrology (Packaged Commodities), Rules 2011
Legal Metrology (Packaged Commodities), Rules 2011: To safeguard interest of consumers, the Department of Consumer Affairs under Ministry of Consumer Affairs, Food and Public Distribution has omitted the Rule 5 of the Legal Metrology (Packaged Commodities), Rules 2011 defining the Schedule II prescribing the pack sizes of various types of commodities. A new provision has […]
India Ahead of China in Financial Inclusion
Financial Inclusion: India is now ahead of China in financial inclusion metrics, with mobile and Internet banking transactions rising to 13,615 per 1,000 adults in 2020 from 183 in 2015 and the number of bank branches inching up to 14.7 per 1 lakh adults in 2020 from 13.6 in 2015, which is higher than in […]
National Education Policy: Not Be Implemented In Tamil Nadu
National Education Policy: Not Be Implemented In Tamil Nadu Chief Minister M K Stalin has said the National Education Policy (NEP) 2020 will not be implemented in Tamil Nadu. An expert committee would be formed soon to prepare a new education policy of the state. Tamil Nadu’s arguments: NEP being recommended by the Centre was […]
Rise in Oil And Food Prices
Oil And Food Prices: Last week, the UN Food and Agriculture Organisation released data showing its world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011. No less significant, though, is the way the FPI has oscillated since the outbreak of Covid-19. In May 2020, when the global economy was […]
Asset Reconstruction Companies (ARCs): RBI
Asset Reconstruction Companies (ARCs): RBI A Reserve Bank of India (RBI) committee has come out with a host of suggestions in a bid to streamline the functioning of Asset Reconstruction Companies (ARCs). The performance of the ARCs has so far remained lacklustre, both in ensuring recovery and in revival of businesses. Lenders could recover only […]
Edible Oil Prices
Edible Oil Prices: Government has slashed the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil from 2.5 percent to nil in a bid to reign in continuous rise in the cooking oil prices since past one year. The Agri-cess on these Oils has been brought down from 20 percent to […]
