Category: INDIAN ECONOMY Fact & Analysis

Achievements of GST: Automated Indirect Tax Ecosystem: The introduction of e-way bills coupled with the crackdown on fake invoicing has helped in bringing in a substantial portion of GST revenues, which were either being evaded or under-reported. E-invoicing system would also usher the taxpayers into a fully automated compliance regime wherein the computation of tax liabilities and matching of input tax […]

Youth in Numbers: Youth aged between 15 and 24 years accounted for 16% of the world’s population in 2019. Young people were concentrated in Asia, Central and Southern Asia with 361 million youth and Eastern and South-Eastern Asia with 307 million youth, followed by sub-Saharan Africa (211 million youth). The International Labour Organization (ILO) estimated that 440 million youth from the […]

Categorisation of CPSEs including conferring ‘Ratna’ status government reallocated the Department of Public Enterprises (DPE) to the finance ministry from the ministry of heavy industries. The Finance Ministry will now have six departments 

a separate ‘Ministry of Co-operation’ has been created by the Central Government for realizing the vision of ‘Sahkar se Samriddhi’ (Prosperity through Cooperation) and to give a new push to the cooperative movement. The Government has signaled its deep commitment to community based developmental partnership. It also fulfils the budget announcement made by the Finance Minister in 2021. Key Points Significance of Ministry of […]

Schemes of Digital India programme: Diksha: It stands for Digital Infrastructure for Knowledge Sharing. It serves as National Digital Infrastructure for Teachers. All teachers across the nation will be equipped with advanced digital technology. eNAM: It was launched on 14th April 2016 as a pan-India electronic trade portal linking Agricultural Produce Market Committees (APMCs) across the States. eSanjeevani: It is […]

About Sub-Mission on Agricultural Mechanization (SMAM) Ministry of Agriculture and Farmers Welfare has launched a Sub-Mission on Agricultural Mechanization (SMAM) in 2014-15 with the objectives of increasing the reach of farm mechanization to small and marginal farmers and to the regions & difficult area where farm power availability is low. To boost up mechanization in […]

Progress in Industry in 75 years INDUSTRY@75Industrial Growth: Historical Background• The advent of Britishers in India led to the decay of the Indian handicraft industry and machinemade goods started flooding into the Indian markets post-Industrial revolution.• But soon after Independence, through the subsequent five-year plans, government shifted itsfocus on industrialisation.• The First Five-year Plan mainly […]