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Why in the news? India’s Power Secretary emphasises the need for a Production Linked Incentive scheme to enhance domestic supply chains for HVDC transmission equipment amid rising project delays. Need for PLI Scheme in Transmission Sector: Proposal by Power Secretary: Pankaj Agarwal, India’s Power Secretary, emphasised the necessity of a Production Linked Incentive (PLI) scheme …
Read MoreWhy in the news? The RBI keeps the interest rate at 6.5% but shifts to a “neutral” stance, indicating potential rate cuts amid balanced inflation and growth parameters. RBI Maintains Interest Rate Current Rate: The Reserve Bank of India (RBI) has kept the benchmark interest rate at 6.5% for the tenth consecutive monetary policy review. …
Read MoreWhy in the news? India’s private consumption shows signs of recovery, with increased spending expected during the festive season. However, long-term trends in key indicators remain below five-year averages. Overview of Consumption Patterns: Recent Trends: Private final consumption expenditure (PFCE) showed a significant turnaround in April-June 2024, growing by 12.4% in nominal terms, positively impacting …
Read MoreWhy in the news? Uganda and India are enhancing their bilateral relations, focusing on cooperation in development, education, health, and technology, following high-level visits and agreements. Historical Context Uganda, known as the “Pearl of Africa,” has historical ties with India dating back to the late 19th and early 20th centuries. Indian labourers and traders migrated …
Read MoreSyllabus: GS-2: Human ResourceGovernment Policies & Interventions GS- 3: Skill DevelopmentGrowth & Development Focus: India’s focus on plugging the global skill gap has gained momentum through government-to-government agreements, enabling skilled migration. With countries like Israel, Japan, and Germany facing workforce shortages due to ageing populations, India is leveraging its vast human capital to meet global …
Read MoreMake in India has completed 10 years since its launch in 2014! 🇮🇳✨ In this video, we explore the successes, challenges, and the future of this ambitious initiative aimed at transforming India into a global manufacturing hub. From the mobile manufacturing boom to the rise in defence exports and the growth of renewable energy, India …
Read MoreSyllabus: GS 3: Indian Economy and Issues related to Planning and Growth. Changes in Industrial Policy And Effect on Industrial growth Why in the News? India’s GDP growth projection for 2024-25 is now clouded by uncertainties arising from global conflicts, climate impacts, and ongoing domestic civil unrest, which have all contributed to a less favourable …
Read MoreWhy in the news? Recent data reveals India’s core sector contracted significantly in August, while the fiscal deficit showed improvement, highlighting mixed signals for the economy’s health and performance. Highlights about the Mixed Economic Signals for India: Core Sector Performance: In August, India’s core sector output fell by6%, showing a significant decline from the previous …
Read MoreSyllabus: GS 2: Government Policies and intetventions GS 3: Liberalization Why in the News? Recently, Chief Justice D.Y. Chandrachud stressed the importance of rule of law as the regional office of the Permanent Court of Arbitration was set up in New Delhi to boost investor confidence. Introduction Regional office of the Hague Permanent Court of …
Read MoreSyllabus: GS 3: Government Policies and intetventions Why in the News? India’s exports have been under focus due to government initiatives such as the National Logistics Policy and the PM Gati Shakti Plan, aimed at reducing the high logistics costs and for improving efficiency. Introduction Transformation in the retail landscape is going on in India, …
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