13Jul 2024

DEREGULATING OF NON-SUBSIDISED FERTILISERS

Why in the News? The fertiliser industry advocates for deregulating non-subsidised fertilisers as a preliminary step before addressing politically sensitive urea and Nutrient Based Subsidy (NBS). Water-soluble fertilisers serve as a model for successful deregulation efforts. Source: HT About Water-soluble fertilizers: Water-soluble fertilizers dissolve easily in water, allowing nutrients like nitrogen, phosphorus, and potassium to …

10Jul 2024

Finance Ministry Urges Private Sector Banks for Enhanced Financial Inclusion

Why in the News? The Finance Ministry calls upon private sector banks to increase lending through schemes like PM SVANidhi and PM Vishwakarma, targeting job creation for artisans and street vendors. Secretary Vivek Joshi leads a review meeting with bank executives to assess the progress of these inclusive initiatives. Source: Samhita About Financial Inclusion Schemes: …

09Jul 2024

“GOVT REOPENS PLI SCHEME FOR WHITE GOODS, ENCOURAGES MORE INVESTMENT”

Why in the news? Government reopens the PLI scheme for white goods till October 12, aiming to boost industry investment. Scheme sees renewed interest; applicants allowed to switch segments, quarterly incentive payouts introduced. source:scribd About Production Linked Incentive (PLI) Scheme: Production Linked Incentive (PLI) Scheme initiated by the Government of India. Launched with Rs 1.97 …

09Jul 2024

“EEPC INDIA URGES RESTORATION OF INTEREST EQUALISATION SCHEME FOR EXPORTERS”

Why 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 …

30May 2024

“CAA IMPLEMENTATION: CITIZENSHIP GRANTED IN WEST BENGAL, UTTARAKHAND, HARYANA”

Why in the news? Citizenship certificates under the Citizenship (Amendment) Act, 2019 (CAA) were issued to individuals in West Bengal, Uttarakhand, and Haryana, as per the Union Home Ministry’s statement. The process, initiated under the Citizenship (Amendment) Rules, 2024, marks the implementation of the CAA, benefiting specific migrant communities. Source:Jist About Citizenship (Amendment) Act, 2019 …

22May 2024

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GOVERNMENT REAFFIRMS QUALITY STANDARDS FOR LAPTOP, MOBILE, ELECTRONICS IMPORTS

Why in the news? Government emphasises quality control for laptop, mobile, and electronics imports. Measures aim to prevent low-quality goods from entering the Indian market. Items must adhere to standards set by the Bureau of Indian Standards (BIS), with samples randomly picked for compliance checks. source:slideserve About Bureau of Indian Standards (BIS): National Standard Body: …

20May 2024

“GOVERNMENT APPROVES 12 GREENING PROJECTS UNDER GREEN CREDIT PROGRAM”

Why in the news? The Centre has approved 12 projects under the Green Credit Program (GCP), aimed at incentivizing voluntary environmental actions. 24 additional plans from state forest departments are currently under consideration for approval. Source:Outlookplanet Green Credit Program (GCP): Market-based mechanism for voluntary environmental actions. Targets individuals, communities, and private sector Part of the …

17May 2024

ONLINE MSMES IN TAMIL NADU STRUGGLE WITH GST LICENCE REGISTRATION CHALLENGES

Why in the news? Small and medium enterprises (SMEs), including online businesses, reported difficulties in online GST registration. Tamil Nadu, with 5 million MSMEs, represents 8% of India’s registrations in this category. Trade groups highlighted the burden of justifying Tamil Nadu as the primary state for registration and other tax oversight measures. source:medium About Udyam …

06May 2024

GOVERNMENT INCREASES ANTI-DUMPING DUTIES TARGETING CHINA SINCE FY22

Why in the news? Government tightens anti-dumping measures, levying duties on goods primarily from China, amid concerns over unfair trade practices. About the Government’s Measures Against Dumping: Over one-third of anti-dumping duties levied targeted goods produced solely or by only two producers since FY22. Notable increase in anti-dumping duties imposed on goods originating solely from …

06May 2024

MSMES IMPACTED BY NEW TAX CLAUSE, FACING CANCELLATIONS AND COMPETITION

Why in the news? MSMEs face challenges due to new tax clauses, leading to cancellations, competition, and calls for reevaluation of payment timelines. source:slideshare Key Points:Criticism and Impact Punjab BJP General Secretary Rakesh Rathore condemned Channi’s remarks, citing disrespect for security forces. Competition between registered and unregistered MSMEs emerged, with smaller entities deregistering to survive. …

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UPSC Prelims 2026 Live Paper Discussion & Detailed Answer Key Analysis