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Surety Bonds

In News Recently, the Ministry for Road Transport & Highways (MORTH) has asked insurance regulator IRDAI to develop a model product on Surety Bonds in consultation with general insurers. Key Points Several challenging issues which made Surety Bond a complete non-starter with the insurers were discussed and it was proposed to IRDAI that it should […]

Design Linked Incentive (DLI) Scheme

In Context The government will review norms of the Design Linked Incentive (DLI) program which envisages to support 100 companies involved in product design in the semiconductor space as part of a Rs 76,000 crore scheme for developing the electronic chip ecosystem in the country,  About Design Linked Incentive (DLI) Scheme. It was announced in […]

Semicon India Project

In News  Recently, the Ministry of Electronics and Information Technology has formed an advisory committee of experts to carry forward the country’s vision of making India a global leader in semiconductor manufacturing, design and innovation. Advisory Committee About: The Committee is mandated to provide key inputs for building a resilient supply chain, promoting investments, financing […]

Export Preparedness Index 2021: NITI Aayog

In News Recently, the second edition of Export Preparedness Index 2021 was released by NITI Aayog. Export Preparedness Index 2021 About: It was released by NITI Aayog, in partnership with the Institute of Competitiveness, released the Export Preparedness Index (EPI) 2021. The report is a comprehensive analysis of India’s export achievements.  Goal: To instil competition […]

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 […]

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 […]

Dairy and Livestock Sector of India

In Context The Union Budget 2022-23 is expected to boost the dairying and livestock sector with a host of measures to make it sustainable amid the ongoing COVID-19 pandemic. Dairy and livestock sector of India India’s success story in milk production was scripted by Dr Verghese Kurien, known as the “Father of the White Revolution” […]

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 […]

Design Linked Incentive (DLI) Scheme

In News  Recently, the Ministry of Electronics and Information (MeitY) started seeking applications from 100 domestic companies, start-ups and MSMEs under its Design Linked Incentive (DLI) Scheme. About Design Linked Incentive (DLI) Scheme. It was announced in December 2021 by MeitY. Under this, financial incentives and design infrastructure support will be extended to domestic companies, […]

Quarterly Employment Survey (QES)

In News Recently, the report of the second quarter of Quarterly Employment Survey (QES), part of All-India Quarterly Establishment-based Employment Survey (AQEES) was released. Key Findings Employment: Total employment in nine select sectors stands at 3.1 crore for the quarter ending September 2021.  So, employment is showing an increasing trend. The total employment for these […]