Subject : Economy Context : The government has received multiple expressions of interest (EoIs) for the strategic sale of Bharat Petroleum Corporation Ltd (BPCL), the Finance Ministry said. Concept : Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets. The government undertakes […]

Subject : Economy Context : The Regional Comprehensive Economic Partnership (RCEP), a mega trade bloc comprising 15 countries led by China, that came into existence said India would have to write expressing “intention” to join the organisation to restart negotiations for membership. Concept : Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) […]

Subject: Economy Concept: The Department for Promotion of Industry and Internal Trade (DPIIT) is working on guidelines for a National Seed Fund that was announced in the Budget for 2020-21 to help startups and budding entrepreneurs. Some states and central government departments like Biotechnology Industry Research Assistance Council have their own seed fund scheme but […]

Subject: Economy Context: Mines secretary has said that centre is looking at mining reforms including amendments to the Mines and Minerals Act, 1957. Concept: Key Reforms Proposed are: Removal of restriction on end-use of coal: Currently, companies acquiring Schedule II and Schedule III coal mines through auctions can use the coal produced only for specified end-uses […]

Subject : Economy Context : Government has decided to  infuse Rs 6000 cr in NIIF debt platform to increase infrastructure funding. Concept : National Investment and Infrastructure Fund (NIIF): NIIF is India’s first sovereign wealth fund set up by the Government of India in 2015. It is an investor-owned fund manager, anchored by the Government […]