5 Trillion Dollar Economy Current Affairs, GK & News

New Foreign Trade Policy

The Union Ministry of Commerce and Industry recently announced that the new Foreign Trade Policy. 2021-26 is to come into effect from April 1, 2021. What is the goal of New Foreign Trade Policy? To make India a 5 trillion USD economy. What are the Key Highlights of the new Foreign Trade Policy? The District ..

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Green Field Expressway Project

The Government of India recently agreed to convert the Delhi-Amristar-Katra Expressway into a green field project. The highway will connect five historic towns in the state of Punjab. They include Goindwal Sahib, Sultanpur Lodhi, Khadoor Sahib and Tarn Taran. What is the issue? On the complaints of the locals over the project failing to connect ..

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Incentive Scheme for Large Scale Electronics Manufacturing approved by Cabinet

On March 21, 2020, the Union Cabinet under PM Modi approved the Production Incentive Scheme for large scale manufacturing of Electronics. The main aim of the incentivisation is to increase investments in mobile manufacturing. Benefits The scheme aims to create more than 2 lakh jobs. The indirect employment opportunities are expected to be three times ..

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SIDBI launches “Swavalamban Express” to promote business aspirants

On March 19, 2020, the Small Industries Development Bank of India (SIDBI) announced Swavalamban Express. Highlights The Train is to visit 11 entrepreneurial cities. This includes Delhi, Jammu, Mumbai. Ahmedabad, Hyderabad, Bengaluru, Kolakata, Bhubaneswar and Varanasi. During the period, various workshops and programmes are to be organized. The train has been launched to fulfil India’s ..

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What is Counter Cyclical Fiscal Policy of GoI?

The Government of India has adopted “Counter Cyclical Fiscal Policy” in order to decrease the Economic Slow Down in the country. The Economic Chief Advisor Subramanian at the Express Adda event in Mumbai highlighted that Counter Cyclical Fiscal Policy is the only way forward to create additional fiscal headroom Highlights The GoI is in the ..

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