About Startup India Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Since the launch of the initiative in 2016, …
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 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 …
About MPC The Monetary Policy Committee (MPC) is a committee of the RBI which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level. The 2016 amendment of …
About Krishi UDAN The Krishi Ude Desh Ka Aam Naagrik (Krishi Udan) scheme was launched in 2020 to assist farmers in transporting agricultural products on international and national routes so that it improves their value realisation. It is an initiative …
Background Merchandise Exports from India Scheme (MEIS) was introduced under Foreign Trade Policy of India (FTP 2015-20), as a part of Exports from India Scheme. The scheme provides incentive in the form of duty credit scrip to exporters to compensate …
Context The International Labour Organisation (ILO) recently released two reports that gave an indication of the global employment scenario post-pandemic. The ‘Global Wage Report 2022-2023: The Impact of inflation and COVID-19 on wages and purchasing power’ discuss the twin crises, …
What’s in the news? The Reserve Bank of India has recently launched the digital rupee on a pilot basis. The digital currency will be offered by a select group of public and private banks in a few major cities initially, …