075 - Changes in Industrial Policy and Their Effects On Industrial Growth

In order to make India a manufacturing hub, there is a need to focus on the core areas which are crucial for promoting exports. Discuss in the backdrop of Atmanirbhar Bharat Abhiyan.

After the covid-19 lockdown, Atmanirbhar Bharat Abhiyan was launched by the Prime Minister to make India into a self-reliant superpower. The goal to create 10 crore manufacturing job and 25% of GDP by manufacturing is been given off fillip. Way forward: Regional resource based manufacturing is needed, E.g. Coastal areas – coir, Northeast – Bamboo, ..

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Though, there are various problems associated with single use plastics, a number of challenges needs to be faced after the blanket ban, on their use is imposed. Discuss.

Single use plastics refer to plastic that can be used only once and it cannot be recycled. They are discarded after their first use and end up into landfills, contributing to pollution. Problems associated: It is non-biodegradable. Plastics when burnt releases carbon dioxide, carbon monoxide, Sulphur Dioxide, oxides of Nitrogen, and other harmful organic compounds. ..

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What are the features of the Special Economic Zones (Amendment) Bill, 2019?

Both the houses of Parliament, Lok Sabha and Rajya Sabha have passed the Special Economic Zones (Amendment) Bill, 2019. The features of the bill are: The bill amends the Special Economic Zones Act, 2005 which provides for the establishment, development and management of Special Economic Zones for the promotion of exports and replaces an Ordinance ..

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How does SEZ concept help investors in India? Enumerate the features of the Special Economic Zones (Amendment) Bill, 2019.

SEZ are set up under Special Economic Zones Act, 2005.These are as duty free enclaves to be treated as foreign territory. SEZ are allowed for manufacturing, trading and service activities. The SEZ model was inspired by China�s SEZs. Benefits for investors: It promises single window and speedy approvals The approval committee is empowered and meets ..

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What are your views about the revival in industrial activity?

It is seen that the industrial activity in India has begun on a higher note in the new financial year when compared to the last fiscal or quarter. It was seen that the industrial output grew by 3.4% which was fuelled by revival in manufacturing and output growth. This was a sharp upswing as compared ..

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What is the scheme about pension to informal workers?

The Pradhan Mantri Shram Yogi Mandhan is a pension scheme for informal workers which was announced in the Interim Budget under which the beneficiaries will get a sure pension of Rs. 3000 per month after they cross the age of 60. They will in turn have to contribute Rs. 55 per month or Rs. 100 ..

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