CONTEXT The Government has announced an ambitious programme of asset monetisation. Under this programme, it hopes to earn ₹6 trillion in revenues over a four-year period. Asset monetisation will happen mainly in three sectors: roads, railways and power. Other assets …
Context Recently, Finance Minister Nirmala Sitharaman announced the National Monetisation Pipeline (NMP), which is expected to fetch around ₹5.96 lakh crore to the government. Following through on the Budget’s plan to monetise public assets to fund fresh capital expenditure on …
Context: The government has recently introduced a vehicle scrappage policy to phase out old and defective vehicles. The key features of the new policy: When an old vehicle is scrapped, the owner of such vehicle will receive the scrap value …
What’s in the news? The government has unveiled a four-year National Monetisation Pipeline (NMP) worth an estimated Rs 6 lakh crore. It aims to unlock value in brownfield projects (where investments have already been made) by engaging the private sector, …
What are SPRs? Strategic Petroleum Reserves (SPR) are huge stockpiles of crude oil stored in the underground rock caverns (considered safest for storage of Hydrocarbons) to tackle emergency situations and allow a country to tide over short-term supply disruptions. They …
CONTEXT The rapid spread of COVID-19 has severely tested primary healthcare systems, which perform multiple functions, across the world. Maternal healthcare services, immunisation, health surveillance, and the screening and management of non-communicable diseases (NCDs) have all been severely disrupted. WHAT …
What’s in the news? Union Finance Minister Nirmala Sitharaman has launched an ambitious ‘Ubharte Sitaare Fund’ (USF) for export-oriented firms and startups. The Fund aims at arranging funds for promotion of micro, small and medium companies. The fund has been …
About the Scheme The Pradhan Mantri Awas Yojana (Urban) Programme envisions Housing for All by 2022, when the Nation completes 75 years of its Independence. It is under the Ministry of Housing and Urban Affairs. It was launched in 2015 to …
What’s in the news? The Government has announced that India’s total installed renewable energy capacity has crossed the mile-stone of 100 GigaWatts (GW). This assumes importance given that India has a total installed power generation capacity of 383.73 GW. Today …
About PMGSY The Pradhan Mantri Gram Sadak Yojana (PMGSY), was launched in 2000 as centrally sponsored scheme to provide connectivity to unconnected habitations of designated population size (500+ in plain areas and 250+ in North-East, hill, tribal and desert areas …