News: Union Education Minister and Union Minister for Textiles and Women & Child Development jointly launched the Toycathon 2021. Facts: Toycathon 2021: It’s a kind of hackathon for the toy industry. It has been organized by the Ministry of Education, Ministry of Women and Child Development (MWCD), Ministry of Textile, Ministry of Commerce and Industries,… Continue reading Government launched virtual toy hackathon ‘Toycathon 2021’
Tag: ECO_7
National Startup Awards 2021
Source: DPIIT News: Department for Promotion of Industry and Internal Trade(DPIIT) has invited applications for the National Startup Awards(NSA) 2021. Facts: National Startup Awards: It was set up by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. Aim: To recognize and reward outstanding Startups and ecosystem enablers that are building… Continue reading National Startup Awards 2021
The Wistron Dispute and China’s lessons.
Synopsis: Wistron case shows that hasty labour laws violating labour rights is economically suicidal and damaging to India. Background Recently, contract workers attacked the Wistron’s iPhone assembly that resulted in property damage of worth ₹50 crore. According to a preliminary inquiry report by the State labour department into the incident Wistron and its labour contractors violated… Continue reading The Wistron Dispute and China’s lessons.
Prime Minister Formalisation of Micro food processing Enterprises (PM-FME) Scheme
Source: PIB News: Tribal Cooperative Marketing Federation of India(TRIFED) has signed an MoU with Ministry of Food Processing Industries(MOFPI) For Upliftment of Tribal Lives Through the Implementation of PM-FME Scheme. Facts: PM-FME Scheme: It is a centrally sponsored scheme launched by the Ministry of Food Processing Industries(MOFPI). What is the aim of PM-FME scheme? To modernize and… Continue reading Prime Minister Formalisation of Micro food processing Enterprises (PM-FME) Scheme
Why violence happened at Wistron-Apple Facility?
Wistron Violence and issue of contract workers Synopsis: The recent case of violence at Wistron’s iPhone manufacturing plant also highlights the challenges faced by contract workers in India. Why Wistron Violence happened? Recently, Wistron’s iPhone manufacturing plant was attacked by thousands of contract workers over alleged non-payment of wages, resulting in theft and loss of goods… Continue reading Why violence happened at Wistron-Apple Facility?
100% FDI in DTH service
Source: The Hindu News: Union Cabinet has approved revised guidelines for Direct-to-Home (DTH) broadcasting services. Facts: Direct to Home(DTH): It enables a broadcasting company to directly beam the signal to your TV set through a receiver that is installed in the house.There is no need for a separate cable connection. Advantages of DTH: One can do away… Continue reading 100% FDI in DTH service
Why antitrust lawsuits are being filed repeatedly against tech giants like Facebook?
The issue of anti-competitive practices by Tech giants has come into the light again as recently, an antitrust lawsuit was filed by the Federal Trade Commission (FTC) and governments of 48 US states against the tech giant Facebook, accusing it of crushing smaller competitors by abusing its dominant market position. Specific instances of acquisitions of… Continue reading Why antitrust lawsuits are being filed repeatedly against tech giants like Facebook?
Rise of corporate nationalism
Context: The Rise of ‘corporate nationalism’ empowers Indian companies at expense of consumers. Instances where the Sentiments of corporate nationalism has been raised against foreign corporates? Amazon-Reliance Dispute: The counsel for Future Retail accused Amazon of behaving like “the East India Company of the 21st century” and calling it “Big Brother in America.” Whatsapp pay… Continue reading Rise of corporate nationalism
Diversity requirements to Indian companies
Source: Click here What are the diversity requirements that Indian companies need to meet? News: NASDAQ stock exchange in the US may soon require all companies listed to include at least one female board member as well as one member from a racial minority group or from the LGBTQ community on their board of directors. Facts: Diversity… Continue reading Diversity requirements to Indian companies
India’s 1st LGBT+ workplace equality index launched
Source: Click here News: India’s 1st LGBT+ workplace equality index has been launched. Facts: India Workplace Equality Index: It is the country’s first comprehensive benchmarking tool for employers to measure their progress on LGBT+ inclusion at the workplace. Launched by: It was launched by non-profit Keshav Suri Foundation, partnered with Pride Circle, Stonewall UK and FICCI. Parameters: The index measures… Continue reading India’s 1st LGBT+ workplace equality index launched
