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 …
About FRP Mechanism Fair and Remunerative Price (FRP) is an arrangement for the price to be paid to sugarcane farmers by the Sugar Mills and is announced each year by the Centre, on the advice of Commission for Agricultural Costs …
Background Despite India being world’s second largest coal producer and being the 5th largest country in terms of coal deposits, with coal reserves which may last at least 100 years more, the country is unable to produce adequate quantities of …
About GeM Launched in 2016, the Government e-Marketplace (GeM) is a 100 percent government-owned company setup under the aegis of the Ministry of Commerce and Industry. It is a completely paperless, cashless and system driven e-market place that enables procurement …
About FSDC Financial Stability and Development Council (FSDC) is an apex-level non-statutory body constituted in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability. It is chaired by the Union Finance Minister of India. Its members include the …
About the Scheme Sovereign Gold Bonds (SGBs) are bonds that are issued by the RBI on behalf of the Government on payment of rupees but denominated in grams of gold. The value of these bonds is tied to the value …
About WPI Wholesale Price Index (WPI) measures and tracks the changes in the price of goods in the stages before the retail level. It provides estimates of inflation at the wholesale transaction level for the economy as a whole. WPI …
About the scheme The Production Linked Incentive (PLI) aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to set shop in India, the scheme also aims to encourage local companies …
What’s in the news? The unemployment rate in India fell to 7.7 per cent in May due to a decline in the labour participation at 441.9 million, according to data released by private economic think tank CMIE. The unemployment rate …