DEVELOPMENT FINANCIAL INSTITUTIONS Subject :Economy Context : In her last Budget speech, Finance Minister Nirmala Sitharaman proposed to set up DFIs for promoting infrastructure funding. Concept : About 7,000 projects were identified under the National Infrastructure Pipeline (NIP) with projected investment of a whopping ₹111-lakh crore during 2020-25. The proposed DFI would play a […]

    LITHIUM TRIANGLE Subject: Economy Context : India, through a newly-floated state-owned company, inked a pact with an Argentine firm mid-last year to jointly prospect lithium in the South American country that has the third largest reserves of the silver-white alkali metal — a crucial building block of the lithium-ion rechargeable batteries. Concept: The […]

    COMPULSORY LICENSING Subject: Economy Context: The central government recently published the Patent (Amendment) Rules, 2020  amending the format of a statement that patentees and licensees are required to annually submit to the Patent Office disclosing the extent to which they have commercially worked or made the patented inventions available to the public in […]

    FAME INDIA SCHEME Subject : Economy Concept : FAME India is a part of the National Electric Mobility Mission Plan. Main thrust of FAME is to encourage electric vehicles by providing subsidies. The FAME India Scheme is aimed at incentivising all vehicle segments. Two phases of the scheme: Phase I: started in 2015 […]

    NATIONAL DATA REPOSITORY Subject : Economy Context : Given the need to accelerate hydrocarbon explorations in the country, the Ministry of Petroleum & Natural Gas is considering creating an autonomous body that will mine the data, which is the key for improving India’s strike rate in the sector. Concept : At present, all […]