About In 2021, the Government of India approved the establishment of seven Prime Minister Mega Integrated Textile Region and Apparel (PM MITRA) parks to create a world-class infrastructure for the integration of different processes involved in the textile industry. The …
What’s in the news? According to the Economic Survey 2021-22, tabled in Parliament by the Union Minister for Finance and Corporate affairs. Nirmala Sitharaman, India’s external trade recovered strongly in 2021-22 after the pandemic-induced slump of the previous year, with …
About MSP Minimum Support Price (MSP) is a form of market intervention by the Government to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government at the beginning of the …
About SEZs Special Economic Zone (SEZ) is a geographic area in which the business and trade laws are different from the rest of the country. The objective of developing SEZs include increasing the balance of trade and attracting newer inward-investments …
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? According to the Economic Survey 2021-22, tabled in Parliament by the Union Minister for Finance and Corporate affairs. Nirmala Sitharaman, India’s external trade recovered strongly in 2021-22 after the pandemic-induced slump of the previous year, with …
Background Last year, the Union Cabinet approved Rs 30,600 crore government guarantee for the National Asset Reconstruction Company (NARCL), thereby paving the way for operationalisation of bad bank. It will acquire non-performing assets (NPAs) worth about Rs 2 lakh crore …
What’s in the news? The Office of the Development Commissioner in the Union Ministry of MSME has released data regarding the number of SC-owned enterprises covered under the Udyam system of registration. The Udyam system of registration, which came into …
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 dumping? Dumping is the practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market, or which is lower than the cost of …