Industry Current Affairs, GK & News

Home Ministry issues SOPs for movement of stranded migrant labourers

On April 19, 2020, the Ministry of Home Affairs issued Standard of Operating Procedure for movement of stranded migrant labourers. Highlights The workers employed in construction, agriculture, industries and other sectors have been moved from their work places and have been housed in shelter camps and relief shelters. These centres are being run by the ..

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Short Note : Renewable Energy

The simple laws of economics threaten to doom the world’s remaining coal power plants. The culprit- renewables. What is happening? The rapid and sustained fall in the price of wind and solar costs has put the majority of the world’s coal fleet could be phased out for renewable energy. This will also save customers money ..

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Short Note : Index of Industrial Production (May,2019)

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of May 2019 stands at 133.6, which is 3.1 % higher as compared to the level in the month of May 2018. The cumulative growth for the period April-May 2019 over the corresponding period of the previous year stands at ..

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Update – Performance of Eight Core Industries (May, 2019)

In a report released by the Ministry of Commerce & Industry, the Eight Core Industries Index (ICI) of the Indian Economy has registered a significant improvement of 5.1% in May 2019. However, this is lesser than April 2019 in which a significant revision of coal, cement, crude oil, steel, and electricity production improved its growth ..

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Concept of Gross Value Added

In January 2015, the MOPSI had released the new series of national accounts, revising the base year from 2004-05 to 2011-12. With this, the GDP at Factor Cost has been replaced by Gross Value Added (GVA). With this change, GDP at market prices is now referred to in GDP in government accounts. This change is as per recommendations of the ..

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