GoI lifts ban on PPE exports; monthly quota set as 5 million units

On June 29, 2020, the Government of India lifted the ban on export of Personal Protective Equipment (PPE). Also, it has fixed a monthly quota of 5 million units. Highlights The Ministry of Commerce has enforced a new rule along side lifting the ban on PPE exports. According to the new rule, an enterprise or ..

Month: Current Affairs - June, 2020

Category: India Nation & States Current Affairs

Topics: COVID-19 • Enhancing Exports • exports • manufacturing • manufacturing sector • personal protective equipment

GoI launches three new schemes to boost Electronics sector

On June 2, 2020, the Union Minister Ravi Shankar Prasad launched three new schemes to bbost electronics sector. They are Production linked incentive scheme, cluster scheme (EMC 2.0) and component manufacturing scheme (SPECS). The schemes were approved by the Union Cabinet in March 2020. About the schemes The schemes are expected to attract investments. They ..

Month: Current Affairs - June, 2020

Category: Government Schemes Current Affairs

Topics: Electronics Manufacturing Cluster • Electronics Sector • employment generation • manufacturing sector • Mobile Production • Semiconductors

India: The Second Largest Manufacturer of PPE in the world

On May 21, 2020, India became the second largest producer of Personal Protective Equipment in the world. China is the leading producer of PPE in the world. Highlights The Ministry of Textiles has been taking several measures to maintain the quality of PPE alongside manufacturing. Background Initially India faced several challenges in increasing quality PPE ..

Month: Current Affairs - May, 2020

Category: India Nation & States Current Affairs

Topics: COVID-19 testing • imports • India China • India imports • manufacturing sector • Personal Protective Equipment (PPE)

Renewable Energy Parks to be set up in India

On April 18, 2020, the Ministry of Renewable Energy has initiated big action to set up Renewable Manufacturing parks in India. Highlights The Ministry of Renewable Energy initiated manufacturing hubs to meet domestic and global demands. In order to achieve this the central government has directed the states to identify land parcels between 50 acres ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: COVID-19 • imports • India China • manufacturing sector • Policy • Renewable energy • Silicon • Solar cells • Solar Cells industry • Wind Energy

RBI launches OBICUS

On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March. Highlights The Capacity Utilisation declined to 68.6% from 69.1%. What is OBICUS survey? OBICUS is Order Books, Inventories and Capacity Utilization Survey (OBICUS). The survey provides an ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Capital • capital goods • inventory-based model • manufacturing sector • OBICUS • RBI • Survey of India