PLI Scheme for White Goods

Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) was launched in 2021 with a budgetary outlay of Rs. 6,238 crore. About PLI scheme PLI scheme is aimed at making India’s manufacturing sector globally competitive by ..



Odisha Govt to set up District Investment Promotion Agencies (DIPA)

The State of Odisha has decided to set up the dedicated “District Investment Promotion Agencies (DIPA)” in 30 districts of the state. The DIPA will help in promoting and facilitating the investment in the state. Significance of the move The ..


Maharashtra govt signs MOUs worth Rs. 16,100 crore with 12 global corporations

Maharashtra govt signed Memorandum of Understanding-MOUs with 12 global corporations from the USA, China, South Korea, and Singapore, and India. prominent companies investing in Maharashtra include Great Wall Motors Company, API Motors, United Phosphorus, and ExxonMobil. The Memorandum of Understanding ..


IMF: Recession due to COVID-19 to be worse than 2009

On March 24, 2020, the International Monetary Fund announced that the recession to be caused due to Corona Virus is to be worse than the 2009. IMF has specifically warned the G20 nations that the current economic outlook is towards ..


GDP at 4.5% in Second Quarter(July-September), Lowest in 25 Quarters

The Gross Domestic Product(GDP) of India has now been declining for five straight quarters in a row, falling by 0.5 percent from the first quarter of 2019-20 to 4.5 percent in the second quarter, registering the slowest and lowest growth ..

Interest Rates of Small Saving Schemes lowered

The Central government has reduced the prevailing interest rates in several saving schemes as per a notification issued on 28th June 2019. Which Schemes have changed? The schemes for which the interests have been lowered are the five-year Senior Citizen ..