PM Gatishakti Initiative for Inclusive Growth TOPIC: Economy Context- Budget 2022-23 launched PM Gatishakti Initiative to boost infrastructure and logistics sector. Concept- The National Master Plan aims to massively upgrade India’s infrastructure; This will not just support near-term growth but will enhance the competitiveness of the Indian industry. The seven engines that drive […]
INCLUSIVE GROWTH TOPIC: Economy Context- The government enunciated in its Budget a blueprint for Amritkaal, hinged on futuristic and inclusive economic growth. Concept- Inclusive growth means economic growth that creates employment opportunities and helps in reducing poverty. It means having access to essential services in health and education by the poor. It includes […]
VENTURE CAPITAL & PRIVATE EQUITY TOPIC: Economy Context- The Union Government has proposed to set up an expert committee to examine and suggest measures to boost venture capital (VC) and private equity (PE) investments. Concept- VCs and PE investors infused more than ₹5.5 lakh crore last year facilitating one of the largest start-up […]
HEALTHCARE BUDGET TOPIC: Economy/Health Context- The total health expenditure budget in 2022-23 has increased 0.23 per cent to Rs 86,200 crore unlike last year which saw 137 per cent increase in health and wellbeing expenditure. Concept- The key highlights of the budget are as follows: An open platform for National Digital Health Ecosystem […]
5G TECHNOLOGY TOPIC: Science & Technology Context- The auctions for the 5G spectrum and the subsequent rollout of the technology is likely to happen in the forthcoming fiscal year said Finance Minister in Budget 2022-23. Concept- Of the 8 per cent adjusted gross revenue payable by private telecom service providers and other telecom […]
DIGITAL LEARNING TOPIC: Education Context- In her Budget speech, Sitharaman emphasised on strengthening digital modes of learning to aid supplementary teaching and proposed to establish a digital university. Concept- Due to the pandemic-induced closure of schools, children, particularly in rural areas and those from SC and ST communities and other weaker sections, have lost […]
DIGITAL RUPEE TOPIC: Economy Context: Finance Minister Nirmala Sitharaman Tuesday announced the launch of the Digital Rupee — a central bank digital currency (CBDC) — 2022-23 onwards. Concept: What is a CBDC? CBDC is a legal tender issued by a central bank in a digital form. It is similar to a fiat currency […]
CAPEX TOPIC: Economy Context – FM Nirmala Sitharaman plans 25% jump in outlay for capital expenditure at ₹7.5-lakh cr Concept – The central theme of the Budget 2022-23 was investment in infrastructure, and development. Sitharaman announced capital expenditure at ₹7.5-lakh crore. That’s about 2.9 per cent of GDP. Together with grant-in-aid to States, […]
KEY HIGHLIGHTS OF THE BUDGET TOPIC: Economy Context- The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament. Concept- The key highlights of the budget are as follows: India’s economic growth estimated at 9.2% to be the highest among all large economies. 60 lakh new […]
Daily Practice Sheet 1 February 2022 Daily Prelims Topic CROP DIVERSIFICATION CROSS BORDER INSOLVENCY ON TRACK TO MEET THE FY22 FISCAL DEFICIT TARGET AGILE APPROACH MOVE OVER BENGALURU- DELHI IS NOW START-UP CAPITAL NEW FTAS REVIEW OF EXISTING AGREEMENTS CAN PUSH EXPORTS GOVT SWAPS ₹1.2-LAKH-CR G-SECS OIL BONDS CLEAN ENERGY STORAGE ‘KEY […]