In News Recently, the Union Minister of Commerce and Industry has reviewed the progress of the Open Network for Digital Commerce (ONDC). Key Highlights Background: Since the alpha launch in five cities in April 2022, ONDC has been testing with a closed user group for end-to-end execution to understand their fulfillment. Target: ONDC expects the […]
Context Recently, the government introduced the Electricity Amendment Bill 2022 in the Lok Sabha. The Bill is under consideration of the Parliamentary Standing Committee. About The Electricity (Amendment) Bill, 2022 amends the Electricity Act, 2003 which regulates the electricity sector in India. It sets up the Central and State Electricity Regulatory Commissions (CERC and SERCs) […]
In News The Government is working on a comprehensive legal framework for the digital economy. Policy Roadmap for Telecom and IT Sector Dimensions: First is Telecom. A new telecom Bill to replace laws made in 1885 and 1930 is at an advanced stage of drafting. Second will be the data protection Bill. Third is a […]
Context As the importance of social security came into focus after the major waves of the COVID-19 pandemic, the debate on universal basic income (UBI) began to resurface in policy circles across the globe. However, there is another UBI that needs to be examined in the Indian context, i.e., Universal Basic ‘Insurance’. Need of Social […]
In News Recently, a report was released by NITI Aayog titled ‘India’s Booming Gig and Platform Economy’ which will provide insights into the possibilities of the Gig sector, as well as a road map for further research and analysis. The report estimates that 77 lakh workers were engaged in the gig economy in 2020–21. Major […]
In News Recently, the government of India announced the launch of the pilot phase of open network for digital commerce (ONDC) in five cities. More In News The aim of this drive is to democratise the country’s fast growing digital e-commerce space that is currently dominated by the two U.S.-headquartered firms — Amazon and Walmart. […]
In News: According to the latest data, Over 94 percent of 27.69 crore informal sector workers registered on the e-Shram portal suggesting vital data for the policymakers in the country. This unorganised portal registered workforce is living under extreme poverty and a majority of them belong to socially backward communities. Data analysis: Income-wise analysis: The […]
In News Recent data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s labour force participation rate (LFPR) has fallen to just 40% from an already low 47% in 2016. Key Findings The world over, LFPR is around 60%. In India, it has been sliding over the last 10 years and has shrunk […]
In News Recently, India Post Payments Bank (IPPB) announced the launch of Fincluvation under the ongoing Azadi ka Amrit Mahotasav. Fincluvation It is a joint initiative to collaborate with the Fintech Startup community to co-create and innovate solutions for financial inclusion. It is the first-of-its-kind industry initiative. It would create a powerful platform to mobilize […]
In News According to a new report by Oxfam, over a quarter of a billion people will be pushed into poverty in 2022. About the Report Title: First Crisis, Then Catastrophe The Oxfam estimates are based on World Bank projections and earlier research by the World Bank and Centre for Global Development. The report was […]
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