Jalgaon farmers ship GI certified banana to Dubai Subject: Economy Context: Recently, the Ministry of Commerce & Industry has announced that it had started the export of Jalgaon Banana to Dubai. Concept: Jalgaon is considered Banana city of India In 2016, Jalgaon Banana got GI certification which was registered with Nisargraja Krishi Vigyan […]
FCI rice to be used for ethanol production Subject: Economy Context: The Central government has allocated 78,000 tonnes of rice procured for food security purposes to be diverted to ethanol production instead this year, at a subsidised rate of ₹20 a kg, Food Secretary Sudhanshu Pandey said. Concept: This is part of the […]
Foreign Reserves crosses 600 billion dollars first time Subject: Economy Context: India’s foreign exchange reserves have crossed the $600 billion mark for the first time. The reserves kitty rose by $6.842 billion to $605.008 billion in the week of June 4, latest data from the Reserve Bank of India showed on Friday. Concept: […]
Fast Tracking Freight in India Subject : Economy Context : NITI Aayog, RMI and RMI India’s new report, Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport, presents key opportunities for India to reduce its logistics costs. Concept : Freight transportation is a critical backbone of India’s growing economy, […]
Base Effect sends IIP soaring 134% in April Subject : Economy Context : The country’s industrial growth technically jumped 134 per cent year-on-year in April, mainly due to the base effect. Concept : According to National Statistical Office (NSO) data, the Index of Industrial Production surged to 126.6 in April 2021 from 54.0 […]
Review GST Sops timing , urges Industry Subject : Economy Context : While the GST Council meets on Saturday to discuss tax cuts on critical COVID-19 related material including vaccines, medicines and equipment, industry donors are urging a rethink on the timing for the applicability of the Integrated GST (IGST) exemption announced on […]