Subject:Economy Context: Udyam Registration Portal developed by Ministry of Micro, Small and Medium Enterprises has become operational. Concept: Features: MSME registration process is fully online, paperless and based on self-declaration. No documents or proof are required to be uploaded for registering an MSME A Registration number will be given after registration After completion of the […]

Subject: Economy Context: The output of eight core infrastructure industries shrank by 23.4 per cent in May due to the coronavirus-induced lockdown, according to the official data. Concept: The index was released by the Office of Economic Affairs under the Department for Promotion of Industry and Internal Trade. Out of the total items in the […]

Subject: Economy Context: Central government has reported that its fiscal deficit exceeded more than half its Budget Estimate (BE) in the first two months of the current fiscal (FY 20-21) Concept: This was primarily because of a crunch in tax and non-tax revenues and capital receipts. It was 52 per cent for the corresponding period […]