What’s in the news? The Ministry of Skill Development and Entrepreneurship (MSDE) has launched the revised model skill loan scheme aimed at providing access to skilling courses. The scheme empowers youth with financial support for advanced skilling through the instrument …
Context The Jharkhand Assembly Speaker Tribunal has disqualified two legislators under the anti-defection law. Anti-defection Law The Tenth Schedule of the Constitution, commonly known as the anti-defection law, was introduced in 1985 with a view to curb the tendency among …
About APEC The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific. APEC operates as a cooperative, multilateral economic and trade forum. In APEC, all economies have an equal …
About The Lingayat community are devotees of Lord Shiva. The Lingayat sect is believed to have stemmed from the principles of the 12th century social reformer and Kannada poet Basava. Basavanna started a radical anti-caste movement which rejected orthodox ritualistic …
Background: Heat stress includes a series of conditions where the body is under stress from overheating. Heat-related illnesses include heat cramps, heat exhaustion, heat rash, or heat stroke, each with its own symptoms and treatments. In recent periods, climate change …
Definition: Employment Linked Incentive (ELI) is a proposed policy framework aimed at directly incentivizing companies based on the number of new jobs they create. Unlike traditional incentive schemes like Production Linked Incentives (PLI), which reward companies based on their production …
Background: Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 4.9% of gross domestic product (GDP) in 2024-25. She further added that the fiscal deficit would be reduced to below …
About Coined way back in 2013, ‘China-plus-one’ is a global business strategy adopted by multinational companies to diversify their manufacturing and supply chain operations beyond China. The primary aim is to reduce dependency on China and mitigate risks associated with …
About Core inflation (inflation in the price index excluding food, fuel and other volatile components) has been viewed by many as the better measure of inflation for monetary policy purposes. This is because food and fuel price shocks are transitory …
Context The Chief Justice of India (CJI) has agreed to list before Constitution Benches, the petitions challenging the money Bill route taken by the Centre to pass contentious laws/amendments. What are money and financial Bills? The Constitution defines certain categories …