About FCI Food Corporation of India (FCI) is a statutory Organization under the Ministry of Consumer Affairs, Food & Public Distribution. It was set up in 1965 under the Food Corporations Act 1964 with the primary duty to purchase, store, …
Context: Union Finance Minister Nirmala Sitharaman recently announced major reforms for Public Sector Undertakings, as a result of which many sectors are likely to see large-scale consolidation and divestment of State-run firms. What is the Background? The government will soon …
Context: Prime Minister Narendra Modi and Sri Lanka’s President Gotabaya Rajapaksa in a telephonic conversation agreed to accelerate Indian-assisted development projects in Sri Lanka and discussed the possibility of promoting investments by India’s private sector. What is the Background? The …
Context: The 73rd session of the World Health Assembly (WHA) took place virtually from May 18-19. During the session, countries including India, Japan, Indonesia, New Zealand, UK and Canada accepted a resolution asking for an “impartial, independent and comprehensive evaluation” …
What’s in the news? In its effort to push start the economy using the post-COVID-19 relief and recovery package, the government has relied heavily on measures aimed at pushing credit to banks, NBFCs and businesses big and small, which are …
About DGFT The Directorate General of Foreign Trade (DGFT) organisation is an attached office of the Ministry of Commerce and Industry. It is headquartered in New Delhi. This Directorate is responsible for formulating and implementing the Foreign Trade Policy with …
What is Foreign Direct Investment (FDI)? It is the investment made by a person or a company in one country into businesses located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires …
What are invasive species? An invasive species can be any kind of living organism—an amphibian, plant, insect, fish, fungus, or bacteria—that is not native to an ecosystem and causes harm. Not all non-native species are invasive. For example, most of …
Context: To cope up with the ongoing economic crisis due to COVID-19, poor households urgently need a chance to earn cash for which India’s National Rural Employment Guarantee Act (NREGA) offers an obvious alternative at least for rural areas. Let …
Competition Commission of India Competition Commission of India (CCI) is a statutory body responsible for enforcing the Competition Act, 2002. The following are the objectives of the Commission. To prevent practices having adverse effects on competition. To promote and sustain …