About IIP The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base …
About the scheme The Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme was launched by the Ministry of Housing and Urban Affairs for providing affordable Working Capital loans to street vendors to resume their livelihoods that have been …
What are Infrastructure bonds? Infrastructure bonds are long-term debt instruments with a maturity of at least seven years. They are issued to finance long-term development projects. Given that these instruments are used for providing finance to the infrastructure sector, banks …
About the scheme Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them. Launched in 2015 to promote …
Context 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. The International Labour Organization defines cooperative as an autonomous association of …
About the Portal In 2021, the Ministry of Labour and Employment unveiled the e-shram portal which aims to register 38 crore unorganised workers, such as construction labourers, migrant workforce, street vendors and domestic workers, among others. The workers will be …
Introduction The Economic Survey 2015-16 showed that in several price subsidies that governments offer, rich households benefit more from the subsidies than do poor households and distortions are created in the market that ultimately hurt the poor the most. Further, …
What’s in the news? Tamil Nadu has been ranked the No. 1 State in Export Preparedness Index (EPI) for 2022. It is followed by Maharashtra and Karnataka. Gujarat has been pushed to the fourth slot this time. Tamil Nadu has …