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, …
What’s in the news? The World Bank has released its Migration and Development Brief report. Highlights of the Report India is expected to receive a record $100 billion in remittance in 2022, the top recipient this year. India’s remittance will …
About Millets Millets are a group of small seeded grasses used as cereals. The Indian sub-continent has had a rich heritage of growing them and until very recently millets formed a very large part of our food basket. Sadly, the …
What is a windfall tax? A windfall tax is a higher tax rate levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. So when any industry, in this case-oil and gas- benefits from …
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 …
What’s in the news? To protect and promote Intellectual Property Rights (IPR) of Startups and to encourage innovation and creativity among them, Government of India had launched a Scheme for facilitating Start-Ups Intellectual Property Protection (SIPP) in 2016. The scheme …
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 …
Context Reserve Bank of India (RBI) has announced the launch of India’s much-awaited Central Bank Digital Currency (CBDC) for retail users. Issues with Cryptocurrencies A cryptocurrency like bitcoin is a cryptography-based peer-to-peer electronic cash system, founded on blockchain and distributed …