In News A recent report titled “Building Digital Skills for the Changing Workforce” has stated that about 7% of India’s workforce will need digital skills training in the coming years. What are Digital Skills? They are broadly defined as the skills needed to “use digital devices, communication applications, and networks to access and manage information,” […]
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 […]
In News Recently, a survey named ICE360 Survey 2021 was conducted by People’s Research on India’s Consumer Economy (PRICE). Key Findings Income: Income of the poorest fifth has plunged 53% in 5 yrs while those at top have surged. In a trend unprecedented since economic liberalisation, the annual income of the poorest 20% of Indian […]
In News A recent Oxfam report stated that the income of 84 percent of households in the country declined in 2021. Image Courtesy: trtworld Key Findings Billionaires: The number of Indian billionaires grew from 102 to 142 in the backdrop of a stark income divide worsened by the Covid pandemic. India has the third highest […]
In News Recently, the Bharatiya Kisan Union (BKU) has said that Indian farmers will oppose the CECA between India and Australia if it throws open the country’s dairy sector for Australian dairy majors About CECA between India and Australia India is negotiating with Australia CECA covering trade in goods, services, investment and related issues. There […]
In News Recently, The Union Cabinet has approved the continuation of Pradhan Mantri Awaas Yojana Gramin (PMAY-G) for another three years till March 2024. Major Points The extension of the scheme will help in the construction of the remaining 155.75 lakh houses. It will help achieve the target of 2.95 crore ‘pucca’ houses. The total […]
In News India has emerged as the most unequal country with the top 1% of the population holding more than one-fifth of the total national income in 2021. The report is released by Paris-based World Inequality Lab, a global research initiative. Major Highlights of the Report Contemporary income and wealth inequalities are very large: The […]
In News Recently, the Pochampally Village in Telangana State has been selected as one of the best Tourism Villages by the United Nations World Tourism Organisation (UNWTO). The prestigious award will be given on the occasion of the 24th session of the UNWTO General Assembly on 2nd December 2021 in Madrid, Spain. About Best Tourism […]
In News Recently, the Union Minister of Textiles reviewed the Amended Technology Up-gradation Fund Scheme (ATUFS) at the 5th Inter-Ministerial Steering Committee (IMSC) meeting organized by the Ministry of Textiles. Objectives behind the move The scheme was reviewed to boost the Indian Textile Industry by enabling ease of doing business, bolstering exports & fuelling employment. […]
In News A report by Crisil Ratings stated that gross non-performing assets (NPAs) of banks are expected to rise to 8-9% this fiscal from 7.5% as on March 31. Key Findings NPA of Banks: Gross non-performing assets (NPAs) of banks are expected to increase to 8-9 per cent in the current financial year. But gross […]
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