What’s in the news? India’s Gross Domestic Product (GDP) is estimated to rise 9.2 per cent in the current fiscal as compared to a contraction of 7.3 per cent in the financial year 2020-21. This was stated by the Statistics …
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 …
About the Scheme In 2020, the Ministry of Food Processing Industries launched the PM Formalisation of Micro food processing Enterprises Scheme (PM FME Scheme) for providing financial, technical and business support for upgradation of existing micro food processing enterprises. With …
What’s in the news? As per the Preliminary Data for December 2021, India’s merchandise export in December 2021 was USD 37.29 billion, the highest ever monthly achievement, which shows an increase of 37.0% over USD 27.22 billion in December 2020 …
About Foreign Contribution (Regulation) Act, (FCRA), 2010 The FCRA 2010 regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. Foreign contribution is the donation or transfer of any currency, security or article (of beyond a specified …
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 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 …
Why in news? Recently, the heads of the world’s major economies—the Group of 20 (G20) nations has approved a new global minimum corporate tax. The deal, announced at the G20 summit in Rome, Italy, is “historic” since this is the …
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 …
What’s in the news? The Ministry of Commerce and Industry announced that India has registered the highest ever annual Foreign Direct Investment (FDI) inflow of 81.97 billion dollar in 2020-21. FDI inflows in the last seven financial years is over …