41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report

What is the news?  The 2nd edition of the Industrial Park Rating System (IPRS) Report was launched by the Department for Promotion of Industry and Internal Trade (DPIIT). All the States of India and 51 SEZs, including 29 Private, have participated in the IPRS 2.0 Report. What are the key findings of the IPRS 2.0… Continue reading 41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report

Ordnance factories’ moment in history

Synopsis: Corporatization of OFB is the first step towards reforming it. India need to do much more. Introduction Ordnance Factory Board (OFB) which started during the British era has ceased to exist starting today. Read here: OFB Corporatisation” Approved by Cabinet How was the OFB corporatized?  The corporatization of OFB has been recommended by the various… Continue reading Ordnance factories’ moment in history

Tariffs & strategy: China can be countered by getting global value chains to shift here. But we have high trade costs

Synopsis: China can be countered by getting global value chains to shift here. But we have high trade costs Introduction Recently, the first in-person leaders’ summit of the Quad grouping was held. It resulted in a promising outcome that fits economic integration with the overarching strategic motive. India is an immediate beneficiary of this thrust.… Continue reading Tariffs & strategy: China can be countered by getting global value chains to shift here. But we have high trade costs

How China’s crackdown could benefit Indian tech

Synopsis: China’s move to bring its tech sector under political control has created opportunities for India to attract greater foreign investment inflows. Introduction Since late last year, China has been tightening the state’s grip on the Chinese private sector, which contributes over 60% to the gross domestic product (GDP) of the world’s second-largest economy. Xi’s… Continue reading How China’s crackdown could benefit Indian tech

PM highlights importance of fintech, warns against covid

What is the News? The Prime Minister has addressed the 81st edition of his monthly radio programme Mann ki Baat. What are the issues he has talked about? On Digital Inclusion Initiatives Around 355 crore Unified Payments Interface (UPI) transactions took place in August 2021. On average, digital payments of more than ₹2 trillion are… Continue reading PM highlights importance of fintech, warns against covid

Govt.-industry panel drives policy to revive manufacturing

What is the News? The meeting between the Minister for Commerce and the private Industry soon after the national lockdown was announced in 2020 has led to the setting up of the SCALE Committee. What is the SCALE Committee? SCALE Committee stands for Steering Committee for Local Value Addition, Manufacturing and Exports(SCALE) It is a… Continue reading Govt.-industry panel drives policy to revive manufacturing

Flex-fuel engines to be mandatory soon: Gadkari

What is the News? Union Minister of Road Transport and Highways Nitin Gadkari on Friday said the government would soon make it mandatory for all vehicle manufacturers to make flex engines (that can run on more than one fuel). What are Flex Fuel Vehicles(FFV)? Flex Fuel Vehicles(FFV) is a modified version of vehicles that could… Continue reading Flex-fuel engines to be mandatory soon: Gadkari

Government Notifies PLI Scheme for Automobile & Auto components

What is the News? The government of India has issued notification regarding Production Linked Incentive (PLI) Scheme for Automobile & Auto components.  What is the Production Linked Incentive (PLI) Scheme for Automobile & Auto components? Aim: To overcome the cost disabilities of the industry for the manufacture of Advanced Automotive Technology products in India. Key… Continue reading Government Notifies PLI Scheme for Automobile & Auto components

Why India must strengthen its public sector

Synopsis: The sale of giants like BPCL, BEML or SCI would undermine India’s “Atmanirbhar” goal. Privatisation compromises India’s sovereignty and economic freedom, threatening its energy security and strategic postion. Introduction Today, 28% of the world’s largest and most powerful economic entities are state-owned, dominated largely by the Chinese State-Owned Enterprises (SOEs). China today has 124… Continue reading Why India must strengthen its public sector

Let’s rework incentive structures to boost IBC recovery

Synopsis: IBC is a landmark reform and its efficiency can be further enhanced by adopting incentive structure. Introduction Despite value erosion at disbursal due to poor credit discipline, the IBC has yielded impressive recoveries so far. However, the Code has also been criticized on several other grounds, many of which are questionable. Why IBC ‘s… Continue reading Let’s rework incentive structures to boost IBC recovery