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Why in the news? Economic Survey 2023-24 highlights the need to reduce compliance burdens on MSMEs. Subnational deregulation is crucial for MSME growth, including easing licensing, inspection, and compliance (LIC) requirements. Example: Indian factories face stricter space regulations than in Southeast Asia, limiting employment opportunities. source:slideshare About Micro, Small, and Medium Enterprises(MSME): MSME Sector: Key …
Read MoreWhy in the news? India is transitioning from women’s development to women-led development. Budget allocation for women’s welfare and empowerment increased by 218.8%. Gender Budget now constitutes 6.5% of the total Union Budget, the highest since 2006. source:pib Key Facts:Female Labour Force Participation: Female Labour Force Participation Rate (LFPR) rose from 23.3% in 2017-18 to …
Read MoreWhy in the news? India’s inflation is expected to align with the 4% target by 2025-26. Chief Economic Adviser (CEA) V. Anantha Nageshwaran suggests an inflation targeting framework that excludes volatile food prices. source:bussinessstandard About Chief Economic Adviser (CEA): The CEA is a Secretary-equivalent post in the Government of India. Heads the Economic Division, Department …
Read MoreWhy in the news? India’s Economic Survey highlights rising Type 2 diabetes, obesity, and mental health issues, emphasising the need for healthier lifestyles. Incidence of Type 2 diabetes increased from 2% to 20% over 50 years. 56% of the total disease burden is attributed to unhealthy diets. source:medium About Diabetes: Diabetes Definition: Chronic disease where …
Read MoreSyllabus: GS 3: Government Budgeting. Taxation in India Why in the News? The Indian government is considering implementing a wealth tax-financed Indian Green Deal (IGD) in the upcoming Budget 2024. This policy aims to address climate change, inequality, and unemployment by investing in green energy, infrastructure, and the care economy, promoting sustainable and inclusive economic …
Read MoreSyllabus: GS-3- Indian budget ,economic slowdown and global challenges , Financing for different sectors Focus : The article emphasizes the critical role of the Union Budget in detailing government finances, tax policies, and spending priorities. It highlights the need for citizens to scrutinize budget decisions and their implications on the economy, especially amidst changing political …
Read MoreSyllabus: GS 2: Government Policies and Interventions for Development in various sectors and Issues arising out of their Design and Implementation. GS 3: Employment and Development Why in the News? The 2024 Lok Sabha Elections highlighted issues like unemployment and inflation, emphasizing the need for targeted employment strategies, particularly for women. The India Employment Report …
Read MoreWhy in the News? Recent periods have seen climate change and environmental degradation significantly impact worker safety and health globally. Heat stress is expected to reduce labour efficiency and productivity. This reduction in productivity will lead to fewer work hours. These challenges hinder the International Labour Organization’s (ILO) goal of promoting fair and decent employment. …
Read MoreSource: static.toiimg.com Relevance: GS 3 – Science and Technology, Achievements of Indians in Science & Technology, Awareness in Space, IT, Computers, Robotics, Nanotechnology, Biotechnology, and Intellectual Property Rights issues. Focus: This analysis highlights recent advancements in neutrino research by scientists using the Large Hadron Collider (LHC). It discusses the importance of understanding neutrinos, challenges in …
Read MoreSource: static.toiimg.com Relevance: GS 3 – Environmental Conservation, Climate Change, Sustainable Development. Focus The climate debate is gaining momentum, with developing nations like India playing a crucial role. This analysis delves into climate change issues, the responsibilities of developing countries, and the strategies outlined in the ‘economic survey’ to tackle these challenges. Current Scenario Global …
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