What is the News? The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers has notified the Scheme for “Promotion of Medical Device Parks”. What is the Scheme for Promotion of Medical Device Parks? Under the scheme, medical parks will be developed to provide common infrastructure facilities in one place thereby creating a robust ecosystem for… Continue reading Scheme for “Promotion of Medical Device Parks”, a key initiative to support the medical devices, notified
Government Notifies PLI Scheme for Automobile & Auto components
What is the News? The government of India has issued notification regarding Production Linked Incentive (PLI) Scheme for Automobile & Auto components. What is the Production Linked Incentive (PLI) Scheme for Automobile & Auto components? Aim: To overcome the cost disabilities of the industry for the manufacture of Advanced Automotive Technology products in India. Key… Continue reading Government Notifies PLI Scheme for Automobile & Auto components
Supreme Court sets aside Madras High Court remarks on EWS quota
What is the News? The Supreme Court has set aside the observations in the Madras High Court’s order, which said that the reservation for Economically Weaker Sections(EWS) in the NEET-All India Quota can be implemented only with the approval of the Supreme Court. Background Recently, the Government of India had announced a 27% reservation for… Continue reading Supreme Court sets aside Madras High Court remarks on EWS quota
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
What is the News? The Reserve Bank of India(RBI) has permitted lenders to transfer the loans that have been classified as fraud to asset reconstruction companies(ARCs). What is the current procedure? Currently, RBI norms require banks to make 100% provisions for the entire amount classified as fraud. Note: As per RBI’s annual report, lenders have… Continue reading RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
China says all crypto-related transactions are illegal
What is the News? China has said that all crypto currency transactions in China, including transactions using Bitcoin, will be deemed illegal. China and Cryptocurrency China has been one of the world’s largest crypto-currency markets.This is despite the fact that trading in crypto-currency has officially been banned in China since 2019. However, the recent announcement… Continue reading China says all crypto-related transactions are illegal
Electronic polymer based low-cost sensor developed to detect explosives rapidly
What is the news? For the first time, Indian scientists have developed a thermally stable and cost-effective electronic polymer-based sensor for rapidly detecting nitro-aromatic chemicals (NACs) used in high-energy explosives. About the findings Poly-nitroaromatic compounds in explosives generally require sophisticated instrumental techniques to detect them. But in the field, like military sites, extremists locations, they… Continue reading Electronic polymer based low-cost sensor developed to detect explosives rapidly
The trouble with containing China
Synopsis: This article illustrates why it is difficult to contain China Introduction China is mounting a robust challenge with its “wolf-warrior” diplomacy and the vastly ambitious One Belt One Road initiative and String of Pearls. To counter aggressive rising China, the new alliance (AUKUS) between Australia, the UK and the US, is formed. However, according… Continue reading The trouble with containing China
Missing skills: Low employability calls for academia-industry link
Synopsis: Given the poor employability of Indian graduates, urgent steps are needed to address the skill gaps. Introduction The QS Graduate Employability Rankings 2022 were recently released. The report reveals that no Indian Higher Education Institution is in the top 100 and only 3 HEI can make a place in the top 200. This shows the… Continue reading Missing skills: Low employability calls for academia-industry link
The Unicorn Stampede
Synopsis: It would be wise for investors to take a deep breath before investing in India to make sure that the blessing of unicorns does not end up saddling India with a curse. Introduction Unicorns are Start-ups with a billion dollar-plus valuations. There is Unicorn stampede in India and on the other hand there is… Continue reading The Unicorn Stampede
When global firms disengage, employment suffers
Synopsis: Permanency of large foreign firms operating for decades is slowly on the decline. That is why, domestic capital formation and private investments should step in. Introduction The most recent labour statistics, for August 2021, released by the Centre for Monitoring Indian Economy (CMIE) shows that the unemployment rate has increased from around 7% in… Continue reading When global firms disengage, employment suffers
