What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …
Background India has an extensive network of inland waterways in the form of rivers, canals, backwaters and creeks. These long waterways provide a good mode of transport across the cities as well as towns, like backwaters of Kerala, Canals in …
What is the Current Account Deficit ? Current account deficit is simply the difference between the value of the goods and services that a country imports and the value of the products it exports. It encompasses the trade deficit plus …
About Goods and Services Tax (GST) Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: Comprehensive because it has subsumed …
About ICI The monthly Index of Eight Core Industries (ICI) is a production volume index. The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature. These industries are likely to impact …
About MSP Minimum Support Price (MSP) is a form of market intervention by the Government to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government at the beginning of the …
About SISFS The Startup India Seed Fund Scheme (SISFS) has been approved for the period of 4 years starting from 2021-22. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry …
About The Central government of India has launched the SAMARTH Scheme to address issues faced by the Textile Sector. The objectives of the scheme are to provide demand-driven, placement oriented skilling programme to incentivize the efforts of the industry in …
About India Semiconductor Mission (ISM) has been setup as an Independent Business Division within Digital India Corporation. ISM has all the administrative and financial powers and is tasked with the responsibility of catalysing the India Semiconductor ecosystem in manufacturing, packaging …