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 […]
Category: Economics Current Affairs
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 […]
Meghalaya Enterprise Architecture Project (MeghEA)
Meghalaya Enterprise Architecture Project (MeghEA): Meghalaya Enterprise Architecture Project (MeghEA) was launched. The project aims to improve service delivery and governance for the people using the power of Digital technologies. Enterprise Architecture (EA) is the process by which organizations standardize and organize IT (Information Technology) infrastructure to align with business goals. The initiative is spread […]
Micro Food Processing Enterprises (PMFME) Scheme
Micro Food Processing Enterprises (PMFME) Scheme: The Ministry of Food Processing Industries in association with the Ministry of Housing and Urban Affairs, under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, virtually launched the Seed Capital Module. It was launched on Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) MIS Portal for seed […]
All-India Quarterly Establishment-Based Employment Survey
All-India Quarterly Establishment-Based Employment Survey: The All-India Quarterly Establishment-based Employment Survey, in a report released recently said that the overall employment numbers had increased by 29% from the base year of 2013-14. However, in the first quarter of this fiscal (April-June 2021), 27% of the establishments surveyed reported pandemic-related retrenchment. The report, released by Labour […]
What Are Stablecoins?
What Are Stablecoins? The US is discussing launching a formal review into whether Tether and other stablecoins threaten financial stability. The first stablecoin, created in 2014, was Tether. A stablecoin is a type of cryptocurrency that is typically pegged to an existing government-backed currency. A cryptocurrency is a form of digital asset based on a […]
Centre Of Excellence In Logistics And Supply Chain Management
Centre Of Excellence In Logistics And Supply Chain Management: Union Minister for Commerce & Industry inaugurated the ‘Centre of Excellence in Logistics and Supply Chain Management’ at the National Institute of Industrial Engineering (NITIE), Mumbai. Managing supply chains is becoming more and more complex owing to the challenges posed by global competitiveness and economic crisis. […]
Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC): The Reserve Bank of India has been working on a phased implementation strategy for a CBDC and the pilot may be launched by the end of this year. The financial advisory services firm has listed four major use cases of CBDC in the Indian context. This includes: ‘Fit-for-purpose’ money used […]
