Small Modular Reactors: The Indian Government is considering offering incentives, similar to a production-linked incentive (PLI) scheme, to encourage the manufacturing of small modular reactors (SMRs) with the goal of increasing nuclear power’s share in India’s energy production. The government aims to attract private investments and scale up SMR production to reduce costs. PLI schemes, […]
Category: Economics Current Affairs
Payment Aggregator Cross Border
Payment Aggregator Cross Border: The Reserve Bank of India (RBI) has brought under its direct regulation all entities facilitating cross-border payments for import and export of goods and services and termed them Payment Aggregator-Cross Border (PA-CB). Payment Aggregator-Cross Border (PA-CB) facilitates cross-border online payments for the import and export of permissible goods and services. The […]
Future Leaders Scholarship Programme
Future Leaders Scholarship Programme: Imperial College London announced its biggest-ever scholarship programme for Indian students. Future Leaders Scholarship Programme will support 30 of the country’s most talented Master’s scholars over the next three years. The scholarship will cover the full cost of tuition and living expenses. It will be for students studying Master’s programmes in […]
Indigenous Charging Standards : BIS
Indigenous Charging Standards : BIS The Bureau of Indian Standards (BIS) has approved an indigenous AC and DC combined charging connector standard, known as IS17017 (Part 2/Sec 7): 2023, for light electric vehicles (LEVs). This standard is the world’s first of its kind and has been developed in India. This initiative allows original equipment manufacturers […]
Lewis Model And China
Lewis Model And China: The Lewis Model has proved successful for China, India grapples with its implementation, encountering challenges in the transition from agriculture to industrialization. Also, as manufacturing trends towards higher capital intensity, India contemplates shifting to a ‘farm-as-factory’ labor model in response. In 1954, economist William Arthur Lewis put forth the “Economic Development […]
Operation Chakra 2 : CBI
Operation Chakra 2 : CBI The Central Bureau of Investigation (CBI) has recently launched , Operation Chakra II. ‘Operation Chakra-2’, was initiated after the registration of five separate cases of cyber-enabled financial fraud, including a ₹100-crore crypto scam. Operation Chakra II launched by Central Bureau of Investigation (CBI). Objective is to fight against transnationally organized […]
International Competition Network
International Competition Network: The Competition Commission of India (CCI) has become a part of the prestigious 18-member steering committee of the International Competition Network (ICN). The concept for the ICN originated from recommendations made by the International Competition Policy Advisory Committee (ICPAC), a group formed in 1997. It was established in October 2001 by officials […]
Global Tax Evasion Report 2024
Global Tax Evasion Report 2024: The European Union Tax Observatory has released ‘Global Tax Evasion Report 2024’ highlighting several critical issues related to tax evasion, the Global Minimum Tax (GMT) on billionaires, and measures to combat tax evasion. The report investigates the effects of international reforms adopted over the past 10 years, such as the […]
Small Savings Instruments
Small Savings Instruments: The government of India has raised the rates offered for most small savings instruments (SSIs) in the range of 40 basis points (bps) to 150 bps over the last five quarters. Small Savings Instruments (SSIs) are a set of savings instruments managed by the central government with the aim of encouraging citizens […]
Leniency Plus Norms : CCI
Leniency Plus Norms : CCI The Competition Commission of India (CCI) has released a draft of revised lesser penalty regulations that provides for introduction of a “leniency plus” programme Leniency plus’ norms is a new cartel detecting tool and sheds light on how the competition watchdog intends to operationalize it. The “Leniency Plus” regime was […]
