Natural Growth of India’s EV Sector to Avoid Dependency on China Sub :Eco Sec: External sector GTRI Recommendation: India should allow the electric vehicle (EV) sector to grow naturally without heavy reliance on incentives. This approach would prevent India from becoming an “EV colony” for China. Challenges for India’s EV Adoption: 80% of […]
Government Clears 12 Indian Start-ups for Incentives Under Chip Design Plan Sub :Eco Sec: National Economy Total Project Cost: The approved projects will cost a total of Rs 342 crore, with the Centre committing close to Rs 133 crore towards them. Government Financial Assistance: So far, the government has released over Rs 7 […]
Technical textiles will cross $10 bn in export Sub : Eco Sec: External Sector What are Technical Textiles? Technical textiles are functional fabrics that have applications across various industries including automobiles, civil engineering and construction, agriculture, healthcare, industrial safety, personal protection etc. Technical Textile products derive their demand from the development and industrialization in a […]
Stick to fiscal deficit as the norm for fiscal prudence Sub: Eco Sec : Fiscal Policy Fiscal deficit target: Finance Minister in the Budget speech said that the Centre’s fiscal deficit would be reduced to 5% of GDP in 2025-26 from its budgeted level of 4.9% in 2024-25. Also, Centre’s debt-GDP ratio is […]
FPIs trim holdings ahead of deadline on concentrated holdings Sub :Eco Sec : Capital market Context: Foreign portfolio investors are given a September 9 deadline by SEBI to offload their India holdings that breach the regulator’s norms for concentrated holdings. Non-compliant FPIs that offload their holdings post this date will be levied a […]
Household Spending on Food Falls Below 50% for the First Time Since 1947: Report Sub : Eco Sec: National Income Context: As per a working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) has revealed the average household spending on food across the country in both rural and urban areas […]
Ethanol Push Turns India into a Net Corn Importer, Reshaping Global Market Sub: Eco Sec: Unemployment India Becomes a Net Corn Importer: India, traditionally an exporter of corn, has now turned into a net importer for the first time in decades due to a shift in ethanol production policies. Ethanol distilleries have begun […]
Latest ILO Study Links AI to Decline in Labour Income Sub: Eco Sec: Unemployment Global Decline in Labour Income: A recent study by the International Labour Organisation (ILO) reveals a stagnation in labour income worldwide, contributing to a rise in inequality. A significant factor behind this trend is the increasing use of Artificial […]