Centre for Processing Accelerated Corporate Exit (C-PACE) Topic: Economy In news: The Union Budget 2022-23 has proposed to establish the Centre for Processing Accelerated Corporate Exit (C-PACE) for speedy winding- up of companies. The finance minister proposed that the Centre for Processing Accelerated Corporate Exit (C-PACE) with process re-engineering, will be established to […]
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 […]
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 […]
FDI in pharma Topic: Economy Context: FDI in pharma jumped53% in April-Sept. periodFY21 witnessed a 200% spurt: Survey. Foreign direct investment (FDI) in the pharma sector in the first half (April-September) of this fiscal increased 53% to ₹4,413 crore from the year earlier. The inflows continued to be buoyant, the Department of Economic […]