manufacturing sector Current Affairs, GK & News

NSO First revised FY21 GDP estimates

The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%. Earlier, the GDP had contracted by 7.3%. The contraction is mainly due to COVID pandemic and the lockdown imposed. What do the estimates say? The real GDP for 2020-21 is ..

Month: 

Category: 

Topics: 

Second Round of Quarterly Employment Survey

The Union Ministry of Labour and Employment recently released the second round of Quarterly Employment Survey. According to the survey, nine sectors hired two lakh people. This accounted to 85% of the total employment of the country. The survey was for the period July to September 2021. Key Findings of the Survey The total employment ..

Month: 

Category: 

Topics: 

India overtakes US to become 2nd Most attractive Manufacturing Hub

According to real estate consultant Cushman amp, Wakefield, India has overtaken the United States (US) to become second-most attractive manufacturing destination internationally. Key Points India’s improvement is driven mainly by cost competitiveness. Ranking got switched due to plant relocations from China to other parts of Asia towards already established base in pharma, chemicals and engineering ..

Month: 

Category: 

Topics: 

Udyog Manthan to Focus on Quality and Productivity

The commerce ministry is organising the Udyog Manthan. Under the Udyog Manthan, a series of webinars are being conducted. Highlights The Webinar is focusing on about 45 sectors including the pharma sector and electronics sector. The webinar under the Udyog Manthan is being organised with the focus on quality and productivity in all the major ..

Month: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: