What Is a Green Bond? India is likely to face an uphill battle if it goes ahead with its first sovereign green bond sale as it aims to issue the securities in rupees, putting off most overseas investors. The timing might not be ideal for India though, especially for a rupee issuance. The currency has […]
Category: Economics Current Affairs
Government-e-Marketplace (GeM)
Government-e-Marketplace (GeM): The Union Cabinet cleared a proposal allowing cooperatives to sell products on the Government-e-Marketplace (GeM) platform in a transparent manner. The move will benefit 27 crore people associated with 8.5 lakh cooperatives. The micro and medium small industries will get buyers and it will boost the prospects of “Vocal for local” and Atma […]
Gig Workers
Gig Workers: Concerned at the lack of job and social security among gig and platform workers, the Centre has decided to train officials of the Union and State governments on technological change, new forms of employment, working conditions and mechanisms to protect labour and social security rights of these workers. Gig workers are independent contractors, […]
India’s Textiles Exports In FY 2021-22
India’s Textiles Exports In FY 2021-22: India scaled its highest ever exports tally at US$ 44.4 Bn in Textiles and Apparel (T&A) including Handicrafts in FY 2021-22, indicating a substantial increase of 41% and 26% over corresponding figures in FY 2020-21 and FY 2019-20, respectively. USA was the top export destination accounting for 27% share, […]
India’s Gross Domestic Product (GDP) Growth Slowed
India’s Gross Domestic Product (GDP) Growth Slowed: India’s gross domestic product (GDP) growth slowed to a four-quarter low of 4.1% during the January-March period, from 5.4% in the preceding quarter, as manufacturing output shrank, provisional national income estimates show. As a result, full-year growth came in at 8.7% — a tad lower than the […]
Privatisation Of Public Sector Bank
Privatisation Of Public Sector Bank: The government is in the process of taking ‘advanced action’ to take forward the privatisation of public sector banks, top finance ministry officials asserted. In the Union Budget for 2021-22, Union Finance Minister had announced privatisation of two PSBs besides IDBI Bank. However, this year’s Budget Speech had skipped the […]
Prime Minister’s Employment Generation Programme
Prime Minister’s Employment Generation Programme: The Ministry of Micro, Small and Medium Enterprises has approved the extension of the Prime Minister’s Employment Generation Programme (PMEGP) for five years till FY26. The PMEGP has now been approved for continuation over the 15th Finance Commission Cycle for five years from 2021-22 to 2025-26 with an outlay of […]
What Are Startup Unicorns?
What Are Unicorns? The number of unicorns in India reached the 100-mark. The total valuation of these unicorns is USD 330 billion, that is over Rs 25 lakh crore. The average annual growth rate of Indian unicorns is more than that of the U.S., the U.K. and many other countries. India has become the third-largest […]
Draft National Data Governance Framework Policy
Draft National Data Governance Framework Policy: The Ministry of Electronics and Information Technology (MeitY) recently released the revised Draft National Data Governance Framework Policy (NDGFP) and invited inputs on it before June 11th, 2022. NDGFP replaces Draft India Data Accessibility and Use Policy, 2022. The Draft National Data Governance Framework Policy (NDGFP) aims to enhance […]
Project NIGAH
Project NIGAH: Delhi Customs Zone, a field formation under the Central Board of Indirect Taxes and Customs, inaugurated project ‘NIGAH’ at Inland Container Depots (ICD) Garhi Harsaru, Gurugram. Project NIGAH is an initiative to track container by using ICTM (ICD Container Tracking Module) which will help in better visibility of the container movement inside the […]
