Subject: Economy EPC Under the EPC model, government pays private players to lay roads. The private player has no role in the road’s ownership, toll collection or maintenance (it is taken care of by the government). BOT Under the BOT model though, private players have an active role — they build, operate and maintain the […]

Subject: IR/Economy Context: The World Bank and the Government of India  has signed the $750 million agreement for the MSME Emergency Response Programme. Concept: The World Bank’s MSME Emergency Response Programme will address theimmediate liquidity and credit needs of some 1.5 million viable MSMEs to help them withstand the impact of the current shock and […]

Subject:Economy Context: Political party CPI(M) has asked the government to invoke Clause 92 of the Patents Act and issue compulsory license to manufacturers to produce the generic version of Remdesivir used for treating coronavirus patients Concept: Compulsory licensing is when a government allows someone else to produce a patented product or process without the consent […]