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BharatNet Project

In Context  The implementation of BharatNet has slowed and is likely to miss the 2025 completion deadline owing to a number of factors. Progress made so far  As of February 2022, only about 1.72 lakh of the initially targeted 2.5 lakh gram panchayats had been connected to the central grid under BharatNet.  Of these, 1.5 […]

Raising and Accelerating MSME Performance (RAMP)

In News  The Union Cabinet chaired by the Prime Minister approved a USD 808 million or Rs 6,062.45 crore, World Bank assisted programme on “Raising and Accelerating MSME Performance” (RAMP).  About RAMP Background: RAMP was formulated and proposed by the Government of India, for strengthening MSMEs in line with the recommendations made by U K […]

Shrinkflation

In News Companies are resorting to the strategy of Shrinkflation to reduce the impact of rising input costs. About Meaning: Downsizing a product while keeping its price the same is called “shrinkflation” It is a combination of the words shrink and inflation. Ways of shrinking: Reducing size, Reducing quantity, Reformulating the products, or Removing ingredients […]

Sagarmala Program

In News  The Ministry of Ports, Shipping and Waterways organised an event to commemorate the successful seven years of Sagarmala program.  Objectives and Need for Port-Led Development in India To  address infrastructural and operational challenges India is one of the fastest growing large economies in the world with a GDP growth rate of 7.3% in […]

PM Gati-Shakti National Master Plan

In News Recently, the Prime Minister of India urged State governments as well as the private sector to adopt the Gati Shakti portal to plan infrastructure projects and develop special economic zones. About  The PM emphasised to make the PM Gati-Shakti National Master Plan as base for their projects and economic zones.  The government has […]

Kisan Drone

In News  Prime Minister of India flagged off 100 Kisan drones as a part of the “Drone Kisan Yatra” with the aim to promote chemical-free farming in India.  Finance Minister Nirmala Sitharaman first announced the initiative in her Budget speech earlier this month. Sitharaman added that inclusive drone development is one of the four priorities […]

AROMA mission

In Context Recently a key decision was taken to commence Purple Revolution in Ramban District by encouraging ‘Lavender Cultivation under the CSIR-IIIM’s Aroma Mission through Ministry of Science and Technology on the lines of Doda and Reasi districts.  What is Purple Revolution? The Purple or Lavender Revolution was launched by the Union Ministry of Science […]

Survey on MSMEs: SIDBI

In Context  Two-thirds of Micro, Small and Medium Enterprises (67 per cent) in India were temporarily shut for three months or more in FY2021 according to a survey of 1,029 enterprises by Small Industries Development Bank of India (SIDBI). Major Findings  About 66 per cent of respondents in the survey reported a decline in profitability […]

International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)

In News  The Prime Minister of India kickstarted the 50th Anniversary celebrations of ICRISAT.  About ICRISAT  It is a non-profit, non-political organization that conducts agricultural research for development in Asia and sub-Saharan Africa with a wide array of partners throughout the world.  ICRISAT is headquartered in Hyderabad, Telangana, India, with two regional hubs and six […]

Electronics production of $300 billion by 2026:MeitY

In Context India is likely to achieve electronics production of $300 billion by 2026 according to a vision document released by the Ministry of Electronics and IT (MeitY). About The projection is lower than the target of $400 billion by 2025 set as per the National Policy on Electronics (NPE) 2019 due to the ‘unforeseen […]