What is a Safeguard duty? Safeguard duty is generally imposed in the event of a sudden surge in imports which causes or threatens to cause serious injury to the domestic industry. Sudden increase in imports as a result of trade …
Self reliance since independence Just after independence In the decades following independence, self-reliance in state-run heavy industries and strategic sectors had placed India ahead of most developing countries. In 1970s and 80s India’s industrial ecosystem was characterised by …
Context: Union Finance Minister Nirmala Sitharaman recently announced major reforms for Public Sector Undertakings, as a result of which many sectors are likely to see large-scale consolidation and divestment of State-run firms. What is the Background? The government will soon …
What is Foreign Direct Investment (FDI)? It is the investment made by a person or a company in one country into businesses located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires …