What’s in the news? India’s overall exports (Merchandise and Services combined) in March 2023 is estimated to be USD 66.14 Billion. Overall imports in March 2023 is estimated to be USD 72.18 Billion. India’s overall exports (Merchandise and Services combined) …
Atal Innovation Mission The Atal Innovation Mission (AIM) is a flagship initiative set up by the NITI Aayog to promote innovation and entrepreneurship across the length and breadth of the country. AIM’s objective is to develop new programmes and policies …
What is the Financial Services Institutions Bureau (FSIB)? The Financial Services Institutions Bureau has been constituted effective from July 01, 2022, as an autonomous body of Government of India. It replaced the Banks Board Bureau (BBB). FSIB’s mandate is recommending …
About IIP The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base …
Fugitive Economic Offenders Act, 2018 According to the Act, a fugitive economic offender is an individual who has committed specified economic offences involving an amount of Rs 100 crore or more and has absconded from India or refused to come …
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 In 2021, 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 …
Context India’s manufacturing sector is largely dominated by micro and small enterprises which play a critical role in achieving the objectives of faster and more inclusive growth in India due to its vast employment potential and its contribution to total …
About It replaces nine laws related to social security, including the Employees’ Provident Fund Act, 1952, the Maternity Benefit Act, 1961, and the Unorganised Workers’ Social Security Act, 2008. Social security refers to measures to ensure access to health care …