Context De-dollarisation refers to the replacement of the U.S. dollar by other currencies as the global reserve currency. A reserve currency refers to any currency that is widely used in cross-border transactions and is commonly held as reserves by central …
Context The recent strike by Zomato-owned Blinkit delivery agents has once again brought to the forefront the issues plaguing the gig economy in the country and the reforms required to stop the exploitation of such workers. The strikes began when …
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 compiled and constructed by IHS Markit, an information services provider. PMI …
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 …
What’s in the news? The Union Ministry of MSME has launched the revamped CGTMSE Scheme. CGTMSE has been provided with an additional corpus support of ₹9,000 crore in the Union Budget for FY 2023-24 to revamp its Scheme to provide …
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 Power Finance Corporation Ltd (PFC) is a Maharatna company and the leading NBFC in Indian power sector. PFC is under the administrative control of the Ministry of Power. It is classified as an Infrastructure Finance Company by the RBI. …
What’s in the news? The Ministry of Tribal Affairs has introduced a new scheme “Marketing and Logistics Development for Promotion of Tribal Products from North -Eastern Region (PTP-NER)” for the benefit of Scheduled Tribes of Northeastern Region. The scheme has …