What’s in the news? India’s Gross Domestic Production registered a growth of 4.4% in the October-December third quarter of the current fiscal. GDP in the third quarter of 2022-23 is estimated at Rs 40.19 lakh crore, as against Rs 38.51 …
About the scheme Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them. Launched in 2015 to promote …
About PMEGP Prime Minister’s Employment Generation Programme (PMEGP) is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises since 2008-09. It is a major credit-linked subsidy programme aimed at assisting first generation entrepreneurs for setting …
About The eShram portal was launched in 2021 by the Ministry of Labour & Employment to create a National Database of the unorganised/migrant workers and to provide them with a Universal Account Number (UAN). The portal has received unprecedented response …
About UPI Unified Payments Interface (UPI) is India’s mobile based, ‘fast payment’ system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address created by the customer. This eliminates the risk of sharing bank account …
Context The restructuring of global value chains (GVCs) and their resilience remained the dominant global concerns of 2022 apart from war and pandemic. This article compares Vietnam and India who strive to be an attractive destination for relocating MNCs from …
About Finance Commission The Finance Commission is a constitutional body set up under Article 280 of the Constitution. Under Article 280, the President of India is required to constitute a Finance Commission at an interval of five years or earlier. …
What’s in the news? Direct Tax collections for 2022-23 are at 15.67 lakh crore rupees till now. The collections are 24.09 percent higher than gross collections for corresponding period of last year. Direct Tax collection, net of refunds, stands at …
About GeM Launched in 2016, the Government e-Marketplace (GeM) is a 100 percent government-owned company setup under the aegis of the Ministry of Commerce and Industry. It is a completely paperless, cashless and system driven e-market place that enables procurement …
What’s in the news? During 2021-22, India received foreign inward remittances of $89,127 million which was the highest ever inward remittances received in a single year. The share of major countries in inward remittances to India, based on survey conducted …