About MSP Minimum Support Price (MSP) is a form of market intervention by the Government to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government at the beginning of the …
What is a Rating Agency? A rating agency is a company that assesses the financial strength of companies and government entities, especially their ability to meet principal and interest payments on their debts. The rating shows an agency’s level of …
Background Recently, the government decided to change the basic definition of MSME and also end the difference between the manufacturing and services sector. Till now, MSMEs are categorised based only on the investment in machinery or equipment. The new classification …
Background In March 2020, to boost large-scale electronics manufacturing in India, the Union Cabinet approved three schemes with a total outlay of almost Rs 48,000 crore. The three schemes together will enable large-scale electronics manufacturing, a domestic supply chain ecosystem …
Background The disputed boundary between India and China, also known as the Line of Actual Control (LAC), is divided into three sectors: viz. Western (Ladakh, Kashmir), middle (Uttarakhand, Himachal) and eastern (Sikkim, Arunachal). The countries disagree on the exact location …
What is universal basic income? A basic income is a regular, periodic cash payment delivered unconditionally to all citizens on an individual basis, without requirement of work or willingness to work. The five broad features of such schemes are: payments …
About Jal Jeevan Mission The chief objective of the Mission is to provide Functional Household Tap Connection (FHTC) to every rural household by 2024. This Mission is under the Department of Drinking Water and Sanitation, Ministry of Jal Shakti. The …
About the virus Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) …
About Vande Bharat Mission It is India’s major mission to evacuate stranded Indians from other countries due to the coronavirus pandemic and subsequent lockdown. The Mission, which is focused on the Gulf and the South Asian regions, is expected to …