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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 ..
Month: Current Affairs - June, 2020
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 ..
Month: Current Affairs - May, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..