Contents1 What is the News?2 What is Gold hallmarking?3 Key Features of Gold Hallmarking:4 Benefits of Gold Hallmarking: What is the News? The government said that it is fully prepared to implement the mandatory hallmarking of gold jewellery and artefacts from June 1, 2021. What is Gold hallmarking? Gold hallmarking is a purity certification of… Continue reading India will move towards mandatory “gold hallmarking”
Tag: ECO_7
“PLI Scheme” for white goods and solar photovoltaic modules
Contents1 What is the News?2 About Production Linked Incentive Scheme(PLI):3 PLI Scheme For White Goods:4 PLI Scheme for High-Efficiency Solar PV (Photovoltaic) Modules: What is the News? The Union Cabinet approves two PLI schemes for white goods (air-conditioners and LED lights) and high-efficiency solar photovoltaic modules. About Production Linked Incentive Scheme(PLI): The Government of India… Continue reading “PLI Scheme” for white goods and solar photovoltaic modules
IBC Amendment Ordinance 2021 Allows “Pre-Pack Insolvency Resolution”
What is the news? The President of India promulgates the IBC Amendment Ordinance 2021. It allows the use of Pre-Pack insolvency resolution. About Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021: IBC Amendment Ordinance 2021 amends the Insolvency and Bankruptcy Code, 2016. The Amendment allows the use of Pre-Packaged insolvency resolution as an alternative resolution mechanism… Continue reading IBC Amendment Ordinance 2021 Allows “Pre-Pack Insolvency Resolution”
Production-Linked Incentive or PLI Schemes and its challenges – Explained, pointwise
Contents1 Introduction2 About the Production-Linked Incentive(PLI) Schemes3 Expansion of the PLI Scheme to other sectors4 Need for PLI Scheme5 Advantages of PLI Schemes6 Challenges associated with the PLI Schemes7 Suggestions8 Conclusion Introduction Recently the Ministry of Commerce & Industry submitted the Status of Production-Linked Incentive Schemes in India. PLI Scheme is a cornerstone of the Government’s… Continue reading Production-Linked Incentive or PLI Schemes and its challenges – Explained, pointwise
Govt. Extends “Emergency Credit Line Guarantee Scheme”
What is the News? Government extends the Rs. 3-lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) until 30th June 2021. It also widens its scope to new sectors, including hospitality, travel and tourism. Contents1 About Emergency Credit Line Guarantee Scheme (ECLGS):2 ECLGS 1.0:3 ECLGS 2.0:4 ECLGS 3.0:5 About National Credit Guarantee Trustee Company(NCGTC): About Emergency Credit Line… Continue reading Govt. Extends “Emergency Credit Line Guarantee Scheme”
Union Minister inaugurates Event for “DSIR-PRISM Scheme”
What is the News? The Union Minister for Science & Technology inaugurates the Event for Publicity of the PRISM (Promoting Innovations in Individuals, Startups, and MSMEs) scheme. About PRISM Scheme: Nodal Ministry: PRISM is an initiative of the Department of Scientific and Industrial Research(DSIR), Ministry of Science and Technology. Aim: The aim is to help… Continue reading Union Minister inaugurates Event for “DSIR-PRISM Scheme”
Concerns with the Insurance (Amendment) Bill, 2021
Synopsis:The Insurance (Amendment) Bill, 2021 has few important concerns. But the move is a welcome step to the Insurance sector. Contents1 Introduction:2 About the Insurance (Amendment) Bill, 2021:3 Concerns with the Insurance (Amendment) Bill:4 Government’s response to the concerns: Introduction: The Lok Sabha has passed the Insurance (Amendment) Bill, 2021. The Bill had earlier been… Continue reading Concerns with the Insurance (Amendment) Bill, 2021
“Handicrafts and Handlooms Export Corporation” closed permanently
What is the News? Union Cabinet has approved the closure of loss-making Handicrafts and Handlooms Export Corporation of India Ltd(HHEC). About Handicrafts and Handlooms Export Corporation of India Ltd(HHEC): It is a central public sector undertaking (CPSE) established in 1958 under the administrative control of the Ministry of Textiles. Mandate/Objectives of the Handicrafts and Handlooms… Continue reading “Handicrafts and Handlooms Export Corporation” closed permanently
India’s Rise as the new global manufacturing hub
Synopsis: India’s recent achievements have positioned it as an alternative global manufacturing hub to China at the global level. Background Democratic countries consider a rising China, with its authoritarian one-party system, as a challenge to the democratic order. This provided the strategic case for the formation of Quadrilateral Security dialogue. It envisioned to develop a… Continue reading India’s Rise as the new global manufacturing hub
The ill effects of Job reservation for locals
Synopsis: Haryana has introduced a new law where it assures 75% Job reservation for locals. This could be a disastrous decision for the Indian Economy. Introduction The Governor of Haryana has approved a law that regulates job reservation in the private sector. This could possibly hamper India’s investment climate and its socio-economic framework. The Haryana… Continue reading The ill effects of Job reservation for locals
