Subject: Economy Context: India’s total external debt increased by 2.8 per cent to USD 558.5 billion at the end of March mainly on account of a rise in commercial borrowings, according to a report released by the Finance Ministry. Findings: External debt as a ratio to GDP rose marginally to 20.6%, from 19.8 %, ‘India’s […]
Subject: Economy Context: Government has introduced three Labour Codes in the Lok Sabha heralding the path of game changing labour welfare reforms in the country. These bills are (i) Industrial Relations Code, 2020, (ii) Code on Occupational Safety, Health & Working Conditions Bill, 2020 (iii) Social Security Code, 2020. It was mentioned that the Code […]
Subject: Economy Context: Based on strengths of a district and National Priorities, One District One Product (ODOP) is seen as a transformational step forward towards realizing the true potential of a district, fuel economic growth and generate employment and rural entrepreneurship, taking us to the goal of AatmaNirbhar Bharat. Concept: Department of Commerce through DGFT […]
Subject: Economy Context: As a part of implementation of the Agriculture Export Policy, a number of States have finalized their respective Action Plans identifying various infrastructure gaps affecting agricultural exports. To address these gaps, the States can avail assistance under the Trade Infrastructure for Export Scheme (TIES) of Department of Commerce and under various existing […]
Subject: Economy Context: Union Minister of Agriculture and Farmers Welfare in Rajya Sabha has informed about steps taken for doubling farmers’ income. Concept: The Government constituted an Inter-ministerial Committee in April, 2016 to examine issues relating to “Doubling of Farmers Income” (DFI) and recommend strategies to achieve the same. The Committee submitted its Report to the […]