Page-2 of manufacturing sector Current Affairs, GK & News

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 ..

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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 ..

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Unemployment Rate in India has increased to 23% due to Lock Down

The Centre for Monitoring Indian Economy (CMIE) recently released a survey on the current unemployment situation in India. According to the survey, more than 20% of Indian Economy has lost their jobs since the lock down. Highlights The report said that the unemployment rate for the month of March is expected to be 8.7% as ..

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GOI: Draft New Industrial Policy and National E-Commerce Policy to be released soon

On March 18, 2020 the Ministry of Commerce and Industry announced in the parliament that New Industrial Policy and National E-Commerce Policy are to be released soon. The policies are to be framed by the Department of Promotion of Industry and Internal Trade (DPIIT). New Industrial Policy Previously NIP was launched in 1991. Since then ..

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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 rate since the final quarter of 2012-13. The further decline in the GDP during the ..

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