MSME PRE-PACK Subject: Economy Context: The Centre has used the Ordinance route to introduce pre-packaged insolvency resolution process (pre-pack) for companies classified as micro, small and medium enterprises (MSMEs). Concept: Pre-Packs: A pre-pack is an agreement for the resolution of the debt of a distressed company through an agreement between secured creditors and […]

    NIIF Subject : Economy Context :Manipal Hospitals in talks to sell minority stake to govt-backed NIIF and raise around Rs 2,000 crore. Concept : National Investment and Infrastructure Fund The government had set up the ₹40,000 crore NIIF in 2015 as an investment vehicle for funding commercially viable greenfield, brownfield and stalled infrastructure […]

    FAIR & RENUMERATIVE PRICES Subject : Economy Context : Maharashtra sugar mills demand transport subsidy, FRP payment in parts for survival of industry. Concept : Fair and remunerative price (FRP) is the minimum price at which rate sugarcane is to be purchased by sugar mills from farmers. The FRP is fixed by Union […]

    CORE OUTPUT SECTORS Subject : Economy Context : Output of eight core sectors contracts 4.6% in February – highest in six months. Concept : The eight-core sector industries include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity The eight Core Industries in decreasing order of their weightage: Refinery Products> […]