Why in News? Prime Minister Narendra Modi has called upon Channapatna toymakers to explore the possibility of e-marketing their traditional wares across the country and the world. About Channapatna Toys Channapatna toys are a particular form of wooden toys (and …
What’s in the news? According to the latest GDP estimates released by the National Statistical Office (NSO), India’s economy resurfaced to growth territory in the third quarter of fiscal year (FY) 2020-21 (October-to-December), clocking a 0.4% rise in the gross …
Background Finance Minister Nirmala Sitharaman, in her Budget speech for 2021-22, announced a new policy for central public sector enterprises (CPSEs), which she said will serve as a clear roadmap for disinvestment of government-owned firms across sectors. The Minister said …
About the scheme In April last year, the central government had for the first time notified the Production Linked Incentive (PLI) scheme for mobile phones and allied component manufacturing. As a part of the scheme, companies which set up new …
What’s in the news? Micro, Small and Medium Enterprises Ministry has informed that more than one crore two lakh MSMEs were registered in the country within five years. Significance of MSMEs In developing countries like India, where the majority of …
Why in the news? The government in the budget announced that it will be privatising 2 public sector banks. It also announced a strategic sale/disinvestment policy for four strategic sectors — including banking, insurance and financial services — in which …
With a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000. The Special Economic Zones Act was enacted in 2005 and the SEZ Rules came into effect in 2006. Salient …
About the Scheme The Kisan Credit Card (KCC) scheme was introduced in 1998 with the aim of providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for …
Summary Union Minister of Finance and Corporate Affairs Nirmala Sitharaman presented the first ever digital Union Budget for 2021-22. The key highlights of the Union Budget 2021-22 are as follows: 6 pillars of the Union Budget 2021-22: Health and Wellbeing …
Background Finance Minister Nirmala Sitharaman in her Budget speech revived the idea of a ‘bad bank’ by stating that the Centre proposes to set up an asset reconstruction company to acquire bad loans from banks. What is a ‘bad bank’? …