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Cabinet Approves Credit Guarantee Scheme for Exporters Why in the News ? The Union Cabinet has approved a Credit Guarantee Scheme for Exporters under the Export Promotion Mission (EPM). Prime Minister Narendra Modi stated that this will enhance global competitiveness, strengthen supply chains, and promote self-reliance and job creation in India’s export sector. The scheme …
Read MoreWhy in the News ? The Ministry of Mines has released guidelines to establish Centres of Excellence under the National Critical Mineral Mission, aiming to boost research and technology in critical minerals essential for clean energy, mobility, electronics, defence, and space sectors. Strengthening Critical Mineral Research: The Ministry of Mines has issued fresh guidelines for …
Read MoreWhy in the News ? Union Minister Jitendra Singh praised India’s first indigenous hydrogen-powered sea vessel as a landmark public-private collaboration. The project reflects India’s push for self-reliance in clean energy technology, supported by CSIR’s New Millennium Indian Technology Leadership Initiative (NMITLI). Historic Milestone in Marine Innovation: India unveiled its first indigenously developed hydrogen-powered …
Read MoreWhy in the News ? The 6th India-Uzbekistan joint military exercise ‘DUSTLIK-6’ has begun at Pune’s Foreign Training Node. This annual event strengthens defence ties and focuses on sharing tactics for joint sub-conventional operations. The exercise will continue until April 28, 2025. Participating Forces: The Indian contingent includes 60 personnel from the JAT Regiment and …
Read MoreWhy in the News ? India’s total exports of goods and services grew by 5.5% in FY 2024-25, reaching a historic $820.93 billion despite global uncertainties. Merchandise exports and non-petroleum shipments showed positive trends, though trade deficit widened due to higher imports. Export Growth Overview: India’s total exports (goods & services) grew by 5% in …
Read MoreWhy in the news? EEPC India urged the government to restore the Interest Equalisation scheme for all exporters and increase MSME benefits. The scheme’s benefits lapsed last month, except for MSMEs, which received an extension for two more months. About EEPC India: Establishment: EEPC India was set up in 1955. Sponsorship: It is sponsored by …
Read MoreWhy in the news? The Commerce Ministry led by Secretary Sunil Barthwal strategized on negotiating FTAs with the UK, EU, and widening the deal with Australia. The focus was on preventing resource strain and overtraining while effectively managing negotiations. Experts emphasized the need for a dedicated chapter on Critical Minerals and interdisciplinary expertise in negotiations. …
Read MoreWhy in the news? Piyush Goyal emphasises negotiating FTAs on India’s terms. Plans local development initiatives and improving public education. source:slideserve About the Negotiating FTAs: Piyush Goyal emphasises negotiating FTAs on India’s terms, leveraging the country’s growing economy. Highlights the importance of long-term sustainability and protecting domestic interests. Stresses the need for transparency and balancing …
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