What is the News? The Ministry of Commerce and Industry has relaxed various procedures under the Export Promotion Capital Goods(EPCG) scheme in order to reduce compliance requirements and facilitate ease of doing business. What is the Export Promotion Capital Goods(EPCG) Scheme? Nodal Ministry: Ministry of Commerce and Industry Objective: To facilitate the import of capital… Continue reading Govt eases certain norms under EPCG scheme to promote ease of doing biz
Tag: business standard
Gati Shakti may enable faster implementation of dedicated freight corridors
Contents1 What is the News?2 What is PM Gati Shakti?3 What are Dedicated Freight Corridors(DFCs)?4 How is Gati Shakti helping in the implementation of DFCs? What is the News? Prime Minister’s Gati Shakti – National Master Plan which is being adopted by every infrastructure department is set to enable faster implementation of the Dedicated Freight… Continue reading Gati Shakti may enable faster implementation of dedicated freight corridors
Ecowrap Report: States need to reset spending, cut freebies: SBI advisor’s report
Contents1 What is the News?2 What are the key findings of the Ecowrap Report?2.1 States opting for Freebies3 Higher Fiscal Deficit of States3.1 Dichotomy in Growth Numbers What is the News? State Bank of India’s(SBI) Economic Research Department has released the Ecowrap Report. What are the key findings of the Ecowrap Report? States opting for… Continue reading Ecowrap Report: States need to reset spending, cut freebies: SBI advisor’s report
Focus on CPI inflation
News: In 2021 and 2022, the present inflation rate in developed markets is much higher (8.5% in the US). Therefore, the central banks of developed markets (DM) like the US Fed, or the European Central Bank, or the Bank of England — all of them have chosen inflation targeting. It has generated debate on the… Continue reading Focus on CPI inflation
Medicinal plants await good marketing
Context: Recently, the Ministry of AYUSH launched e-CHARAK, an electronic platform for interaction between various stakeholders in the medicinal plants sector. It will allow sale, purchase and sharing of material as well as know-how between different stakeholders. In this relation, medicinal plants sector has come under focus. The curative plants of significant commercial value are… Continue reading Medicinal plants await good marketing
‘Dual-use’ learning
News: The University Grants Commission (UGC) proposal to allow undergraduate and postgraduate students to pursue two degrees simultaneously is a progressive step forward in the higher education sector. What are the potential benefits of this move? First, this policy will help high-school students who are often unsure of whether to pursue the sciences or humanities… Continue reading ‘Dual-use’ learning
Humans Decoded
Contents1 Context: 2 What is the background?3 What is DNA sequencing?4 What led to the recent breakthrough?5 What is the significance of complete genomic sequencing?6 What is the way forward? Context: Scientists have completed the first full and seamless catalog of genetic instructions of humans. It’s expected that research will help to explain how every cell… Continue reading Humans Decoded
India is a nation without a national language. Let’s embrace this
News: Recently, the Home Minister of India specifically mentioned the use of Hindi language in the North-eastern states. He has announced to make Hindi compulsory in all North-eastern states. Must Read: What are various provisions related to the official language in the Indian Constitution? Contents1 Argument for and against promoting Hindi language in India 2… Continue reading India is a nation without a national language. Let’s embrace this
Fortifying nutrition
News: The government’s decision to supply fortified rice across the country in phases by 2024 is a welcome move to address malnutrition. At present, fortified rice is being supplied through the Targeted public Distribution System (TPDS) in one district each of 11 states under a pilot project running since 2019. Must Read: Food Fortification in… Continue reading Fortifying nutrition
Rethink the Bill
News: Recently, the Criminal Procedure (Identification) Bill, 2022 was passed by Parliament. The act has replaced the Identification of Prisoners Act 1920. How is the passed bill an intrusive and dangerous piece of legislation? It will lead to forcible collection of personal data, including biometric and genetic data. Therefore, it may violate the right to… Continue reading Rethink the Bill
