Economic Development

Economic pact between India and EFTA States Why in news ? Trade and Economic Partnership Agreement (TEPA) Negotiations between India and the European Free Trade Association (EFTA) on a trade deal have run into a

RAMP Scheme for MSMEs Why in news ? Recently, the Union Minister for Micro, Small & Medium Enterprises (MSME) launched three sub-schemes under the aegis of the RAMP programme. What is the RAMP Scheme? It

Multidimensional Poverty Index (MPI) 2023  Why in news ?  Estimates of poverty reduction by a United Nations agency offer cause for satisfaction. About the Global Multidimensional Poverty Index (MPI) This report presents a compact update

International Container Transhipment Port (ICTP)         Why in news ? The Minister for Ports, Shipping, and Waterways (MoPSW) recently inspected the location of the planned International Container Transhipment Port (ICTP) on Galathea Bay, Great Nicobar Island.

Global Digital Public Infrastructure WHY IN NEWS ? Prime Minister announced the launch of two India-led initiatives: the Global Digital Public Infrastructure Repository and a Social Impact Fund. Main body – The G20 Digital Economy

Insolvency and Bankruptcy Code Why in news ? The Supreme Court refused to give reprieve to personal guarantors in case of default by a company under the Insolvency and Bankruptcy Code (IBC). Introduction: The IBC

Angel Tax Why in News ? Recently, the Central Board of Direct Taxes (CBDT) has taken this step amid notices being sent to startups. Angel taxes are tax funds raised by startups if they exceed

UMEED Scheme Why In News? Recently a flower nursery has been started by a Self Help Group (SHG) under UMEED Scheme in Budgam, Jammu and Kashmir. Regarding UMEED Scheme: UMEED Scheme under Jammu and Kashmir

Delhi Meerut Regional Rapid Transit System (RRTS) Why in News ? Recently National Transport Corporation launched the first rapid rail in the country. It has been named ‘RAPIDX’. This metro will run on the RRTS

Setu Bandhan Yojana Why In News ? Recently the Union Ministry of Road Transport and Highways announced the approval of Setu Bandhan Scheme for seven bridge projects in Arunachal Pradesh under the Central Road and

Global Hunger Index 2023 Why In News ? India is ranked 111th out of 125 countries in the recently released Global Hunger Index 2023, which the government has termed as “false and malicious”. In terms

Nobel Prize in Economics (2023) Why In News ? Recently, Claudia Goldie won the Nobel Prize in Economics in 2023 for her research on gender discrimination in the workplace, which is an important milestone in

First edition of India AI Report WHY IN NEWS ? Seven working groups of the Ministry of Electronics and Information Technology (MeitY) submitted the first edition of IndiaAI report. Background AI will be the kinetic

Goan Cashew  WHY IN NEWS ?  Recently, Goan cashew (kernel) got the geographical indication (GI) tag. BACKGROUND Cashew was native to northeast Brazil in Latin America and was introduced to Goa by the Portuguese in

PLFS Annual Report 2022-2023 WHY IN NEWS ? The  sixth Annual Report is being brought out by the National Sample Survey Office (NSSO) on the basis of the Periodic Labour Force Survey (PLFS). The objective

Money Bill WHY IN NEWS ? Chief Justice of India said that a seven-judge bench will soon be set up to hear a batch of pleas challenging the Centre’s use of the money bill route

NABARD lists first social impact bond Why in news ? The National Bank for Agriculture and Rural Development (NABARD) announced the listing of its ‘Social Bonds’ on the Bombay Stock Exchange (BSE). About the bond

Palm Oil Production Why In News?  In recent years the European Union (EU) has taken important steps to prevent deforestation and address environmental concerns through the European Union Deforestation-Free Regulation (EUDR) regarding palm oil production.

M.S. Swaminathan: Father of the Indian Green Revolution Why In News? Agricultural scientist Mankombu Sambasivan Swaminatha (Dr. M.S. Swaminathan), the man behind India’s Green Revolution, passed away. The Genesis of Green Revolution Swaminathan’s legacy finds

Global innovation Index 2023 Why In News: Recently, the Global Innovation Index 2023 was released by the Geneva-based World Intellectual Property Organization, in which India is ranked 40th among 132 countries. Important point:              India

World Tourism Day 2023 WHY IN NEWS ? The World Tourism Day  is celebrated every year on 27 September. Theme of World Tourism Day 2023 This World Tourism Day 2023, the UNWTO, under the theme

Promotion of Tribal Products for North East Region (PTP-NER 2.0) Why in news The Tribal Cooperative Marketing Development Federation of India Ltd. (TRIFED) has launched phase 2 of the ‘Promotion of Tribal Products for North

State of Working India 2023 Report In News: Recently the “State of Working India 2023” report was published by the Center for Sustainable Employment of Azim Premji University, which provides information about the Indian workforce.

General Crop Estimation Survey Why in news The mobile application and the web portal for the General Crop Estimation Survey (GCES) have been launched. About the Portal This revolutionary portal and mobile application have been

PM Vishwakarma Scheme Why in News? Recently, the Prime Minister of India has launched the ‘Prime Minister (PM) Vishwakarma Scheme’ on the occasion of Vishwakarma Jayanti. About PM Vishwakarma, is a Central Sector Scheme with

Salem Sago Gets GI Tag  Salem Starch and Sago Manufacturers Service Industrial Cooperative Society Limited (popularly known as SAGOSERVE), has recently received the Geographical Indication tag or GI tag for Salem Sago. Sagoserva, established in

Inauguration of border infrastructure projects Recently Defense Minister Rajnath Singh inaugurated 90 border infrastructure projects including the Nechiphu Tunnel providing all-weather connectivity to the strategic Tawang region of Arunachal Pradesh. Of the 90 projects of

Progress on the Sustainable Development Goals: The gender snapshot 2023 A report titled “Progress on Sustainable Development Goals (SDGs): The Gender Snapshot 2023” has recently been released by UN Women and the United Nations Department

Bamboo-based Reusable Straw Recently the Botanical Survey of India has received a patent for bamboo-based reusable straws developed from the bamboo species ‘Schizostachyum andamanicum’ found in the Andaman and Nicobar Islands. The Patent Office of

Malaviya Mission – Teacher Training Program Recently, the Union Ministry of Education and Skill Development and Entrepreneurship has launched ‘Malaviya Mission – Teacher Training Programme’. Malviya Mission – Teacher Training Program is organized by the