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 …
Context The Supreme Court wants a national debate on the rampant freebie handouts by states in India. The Court has wondered recently if we need a law to end the freebie culture. What are freebies? The Reserve Bank of India …
About Co-operative banks Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking …
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 is External Debt? External debt is the portion of a country’s debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. Governments and eligible corporations can raise loans from abroad. Components of External Debt …
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? Government of India said that the country’s overall exports will cross 750 billion US dollar this year. Goods exports is expected to touch 450 billion dollar while exports in the service sector will reach 300 billion …
What’s in the news? A report released by the State Bank of India said that India is set to become the third largest economy in the world by 2029. The report noted that India will surpass Germany in 2027 and …
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 …