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 …
What’s in the news? The pilot of Digital Rupee- Retail segment (e₹-R), which was recently launched by the RBI, is covering select locations in closed user group (CUG) comprising participating customers and merchants. The e₹-R pilot currently covers the five …
What’s in the news? Sovereign Green Bonds (SGBs) amounting Rs.16,000 crore are proposed to be issued in the current financial year for mobilising resources for green infrastructure projects. What are Green Bonds? Green bonds are bonds issued by any sovereign …
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 …
Definition of Startup in India As per the Startup India Action plan, the followings conditions must be fulfilled in order to be eligible as Startup : Has not yet completed a period of ten years from the date of incorporation/registration. …
About the project Last year, the Government of India launched the “PM GatiShakti — National Master Plan” for infrastructure development aimed at boosting multimodal connectivity and driving down logistics costs. PM GatiShakti is a digital platform that connects 16 ministries …