What is a Fiscal council? Fiscal councils are independent public institutions aimed at strengthening commitments to sustainable public finances through various functions, including public assessments of fiscal plans and performance, and the evaluation or provision of macroeconomic and budgetary forecasts. …
What’s in the news? Ministry of Skill Development and Entrepreneurship (MSDE) launched ‘Atma Nirbhar Skilled Employee Employer Mapping (ASEEM)’ portal to help skilled people find sustainable livelihood opportunities. Apart from recruiting a skilled workforce, the Artificial Intelligence-based platform has been …
About Equalisation Levy The 2% equalisation levy was introduced in the 2020-21 Budget and came into effect from April 1. It is a direct tax levied on any purchase by an Indian or India-based entity through an overseas e-commerce platform. …
About AIIB The Asian Infrastructure Investment Bank (AIIB) is an international development bank that provides financing for infrastructure projects in Asia. Headquartered in Beijing, it began operations in 2016. It includes 102 members worldwide (India is a founder member of …
Prime Minister Narendra Modi recently held a virtual interaction with Ministers and asked them to put the economy on a growth trajectory which can transform India into a global manufacturing hub especially considering China in today’s scenario. The idea is …
About: CPCB is a statutory organisation which was constituted in 1974 under the Water (Prevention and Control of Pollution) Act, 1974. It is under the Ministry of Environment, Forest and Climate Change. It was entrusted with the powers and functions …
About: The Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) Scheme was launched in 2019 for installation of solar pumps and grid connected solar and other renewable power plants in the country. It was launched by the Ministry …
Context: India’s less-privileged workforce during the lockdown have highlighted the massive scale of falling incomes and loss of means of livelihood. Specific policy measures can reverse the lockdown-created trauma and stop it from snowballing into chronic poverty. Issues with poverty …