What labour law changes mean?

Context As the economy struggles with the lockdown and thousands of firms and workers stare at an uncertain future, some state governments last week decided to make significant changes in the application of labour laws. On the face of it, these changes are being brought about to incentivise economic activity in Read More …

Atma-nirbhar Bharat Abhiyan

Context Prime Minister of India said the country should view the Covid-19 crisis as an opportunity to achieve economic self-reliance. In his address to the nation, he stressed on the importance of promoting “local” products. He called it Atmanirbhar Bharat Abhiyan (or Self-reliant India Mission) and said that in the days to come, his government Read More …

Medium, Small, Micro Enterprises

Context The Covid-19 pandemic has left its impact on all sectors of the economy but nowhere is the hurt as much as the Medium, Small and Micro Enterprises (MSMEs) of India.  How are MSMEs defined? Formally, MSMEs are defined in terms of investment in plant and machinery (Chart 1). But this criterion for Read More …

PM CARES Fund & PM’s National Relief Fund

PM CARES Fund: The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund, or the PM CARES Fund, was set up to tackle distress situations such as that posed by the COVID-19 pandemic. Who may contribute to the fund? The fund receives voluntary contributions from individuals and organisations and does Read More …

[PIB] Kisan Sabha App

Context In present situation of COVID 19, farmers are looking for help in their harvest reaching the market, seed/ fertilizer procurement, etc. A robust supply chain management is urgently required to facilitate the timely delivery of the produce at the best possible prices. About Kisan Sabha App Kisan Sabha App Read More …

Kashmir saffron gets GI tag

Context Recently the Geographical Indications Registry has given the Geographical Indication (GI) tag to the famous Kashmir saffron. Know about Kashmir saffron It is cultivated and harvested in the Karewa (highlands) in some regions of Kashmir, including Pulwama, Budgam, Kishtwar and Srinagar. It is a very precious and costly product. Read More …

Scheme for Rebate of State Levies (RoSL)

Context Government of India (GoI) has approved the Rebate of State Levies (RoSL) scheme to support the textile sector to boost increase the competitiveness among the global market and create new employment opportunities. Outline of RoSL In the year 2015, GoI implemented Merchandise Exports from India (MEIS) and Service Exports from Read More …

National Infrastructure Pipeline (NIP)

Context The task force on National Infrastructure Pipeline (NIP) submitted its final report for the fiscal year 2019-25 to Union Finance Minister on April 29, 2020. The summary of the report, prepared by the Task Force on National Infrastructure Pipeline for 2019-2025, was released by the Finance Minister on December 31, Read More …

Commodity Markets Outlook

Context As countries around the world contend with the health emergency of the COVID-19 pandemic, the economic effects of suspending almost all activity have immediately impacted the world’s commodity markets and are likely to continue to affect them for months to come. The pandemic has affected both demand for and supply Read More …

Nutrient Based Subsidy (NBS)

Context The Cabinet Committee on Economic Affairs, chaired by Prime Minister, has given itsapprovalfor fixation of Nutrient Based Subsidy (NBS) rates for Phosphaticand Potassic (P&K) Fertilizers for the year 2020-21. Details: The CCEA also approved the inclusion of a complex fertilizer namely Ammonium Phosphate (NP 14:28:0:0) under the NBS Scheme. Read More …