What is the News? NITI Aayog and Rocky Mountain Institute(RMI) has released a report titled “Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport”. Objectives of the Fast Tracking Freight in India Report: Establish a coherent vision for a cost-effective, clean, and optimised freight transport system in India. Quantify the economic,… Continue reading NITI Aayog releases “Fast Tracking Freight in India” Report
Tag: ECO_11
NITI Aayog Releases “Investment Opportunities in India’s Healthcare Sector” report
What is the News? NITI Aayog released a report titled, ‘Investment Opportunities in India’s Healthcare Sector’. Purpose of the Investment Opportunities in India’s Healthcare Sector Report: The report outlines the range of investment opportunities in various segments of India’s healthcare sector. This includes hospitals, medical devices and equipment, health insurance, telemedicine, home healthcare, and medical… Continue reading NITI Aayog Releases “Investment Opportunities in India’s Healthcare Sector” report
Concerns with the Insurance (Amendment) Bill, 2021
Synopsis:The Insurance (Amendment) Bill, 2021 has few important concerns. But the move is a welcome step to the Insurance sector. Introduction: The Lok Sabha has passed the Insurance (Amendment) Bill, 2021. The Bill had earlier been cleared by the Rajya Sabha also. Now it only requires the presidential assent to become a law. About the… Continue reading Concerns with the Insurance (Amendment) Bill, 2021
Spectrum Auctions in India – Explained, Pointwise
Introduction The department of telecommunication (DoT) successfully conducted the spectrum auctions in March 2021. The government generated over Rs 77,000 crore from the auction as compared to Rs 45,000 crore expected However, the government has skipped the sale of the much-coveted 5G airwaves in this round. Auctions for that would be done in the future.… Continue reading Spectrum Auctions in India – Explained, Pointwise
Cabinet clears “74% FDI in Insurance Sector”
What is the news? The Union Cabinet has approved a proposal to amend the Insurance Act, 1938. It will increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%. Conditions: The increase in the foreign direct investment(FDI) limit in the insurance sector comes with safeguards such as: The majority of… Continue reading Cabinet clears “74% FDI in Insurance Sector”
Issues in the Process of Spectrum Auction
Synopsis: The government should revisit spectrum auction formats, unrealistic pricing, regulatory norms. Introduction The telecommunications’ spectrum auction successfully held in India recently. The winning bids in the auction collectively outdid the government’s own low expectations for receipts from the sale of airwaves. The three largest telecom service providers bought only essential airwaves. They bought it… Continue reading Issues in the Process of Spectrum Auction
“India Telecom 2021” Event Inaugurated
What is the News? Union Minister for Communications inaugurated India Telecom 2021 Event. About India Telecom 2021: Organised by: Telecom Equipment Export Promotion Council(TEPC) under Market Access Initiative Scheme (MAI) of the Department of Commerce. The event has the support of the Department of Telecommunications & Ministry of External Affairs. Purpose: It is an exclusive… Continue reading “India Telecom 2021” Event Inaugurated
“PLI Scheme for pharmaceuticals and IT hardware” Approved
What is the News? Union Cabinet has approved the Production Linked Incentive(PLI) Scheme for the pharmaceuticals and IT hardware sectors. About PLI Scheme for Pharmaceutical Sector: Objective: It will promote the manufacturing of high-value products in the pharmaceutical sector. Duration: The duration of the scheme will be for nine years from 2020-21 till 2028-29. Category… Continue reading “PLI Scheme for pharmaceuticals and IT hardware” Approved
Transport Minister launches ‘Go Electric Campaign’
What is the News? The Union Minister for Road Transport & Highways launches the “Go Electric” Campaign. Go Electric Campaign: It is a campaign of the Bureau of Energy Efficiency (BEE) to promote and spread awareness on electric mobility. Objectives: It will boost the confidence of electric vehicle manufacturers. Furthermore, it will spread awareness about… Continue reading Transport Minister launches ‘Go Electric Campaign’
Production Linked Incentive (PLI) scheme
What is the News? The Union Cabinet has approved the production-linked incentive(PLI) scheme for the telecom sector. About the production-linked incentive(PLI) scheme for the telecom Sector Aim of the scheme: It will make India a global hub for manufacturing telecom equipment. Moreover, it will create jobs and reduce imports especially from China. Focus of the… Continue reading Production Linked Incentive (PLI) scheme
“Samarth Scheme” for Capacity Building in Textile Sector
What is the News? The Ministry of Textiles has informed Rajya Sabha about the Samarth Scheme. Samarth Scheme: It was launched by the Ministry of Textiles. Aim: It will address the skill gap in the textile sector. It will supplement the efforts of the textile industry in providing gainful and sustainable employment to the youth.… Continue reading “Samarth Scheme” for Capacity Building in Textile Sector
Mega Investment Textiles Parks (MITRA) scheme for textile sector
Why in News? The Finance Minister has announced the launch of Mega Investment Textiles Parks (MITRA) Scheme. About Mega Investment Textiles Parks (MITRA) Scheme Aim: The scheme aims to enable the textile industry to become globally competitive and boost exports. The scheme also aims to boost employment generation within the textile sector and also attract… Continue reading Mega Investment Textiles Parks (MITRA) scheme for textile sector
“Vehicle Scrappage Policy” to phase out old and unfit vehicles
What is the news? The Finance Minister has announced the voluntary vehicle scrappage policy. It aims at phasing out old and unfit vehicles. About vehicle scrappage policy Aim of the Policy: Scrappage policy will encourage fuel-efficient, environment-friendly vehicles on the road. Thereby It will reduce vehicular pollution and the oil import bill. Key Features :… Continue reading “Vehicle Scrappage Policy” to phase out old and unfit vehicles
Vehicle Scrappage Policy and the associated challenges: Explained
Recently, The Finance Minister announced the “Vehicle Scrapping Policy” in her Budget speech. The policy will phase out older, inefficient and polluting vehicles. Apart from that, the policy will also promote the use of more environment-friendly vehicles and reduce the oil import bill. But it is not an easy task and has a few challenges… Continue reading Vehicle Scrappage Policy and the associated challenges: Explained
RERA 2016 protects the interest of Homebuyers
Synopsis: As compared to RERA 2013 act, the Real Estate (Regulation and Development) Act (RERA) 2016 was successful in empowering the home buyers. This has reduced the incidence of unfair trade practices in the real estate sector. How RERA 2016 act was better than RERA 2013 act? The RERA 2013 act had the following issues; It did… Continue reading RERA 2016 protects the interest of Homebuyers
‘MICE’ tourism policy of Gujarat
Why in News: Gujarat CM has announced the tourism policy for 2021-25. It seeks to make Gujarat a hub of “MICE” tourism. What is MICE Tourism? The “MICE” is an acronym that stands for “Meetings, Incentives, Conferences and Exhibitions”. It is a version of business tourism that draws domestic and international business tourists to a destination. What are the salient features of MICE tourism policy? International Events: Policy… Continue reading ‘MICE’ tourism policy of Gujarat
What are spectrum auctions?
News: Department of Telecommunications (DoT) said on Wednesday (January 6) that auctions for 4G spectrum in the 700, 800, 900, 1,800, 2,100, 2,300, and 2,500 MHz bands will begin from March 1. Licence holders have until February 5 to submit their applications. Facts: What are Spectrum Auctions? Devices such as cellphones and wireline telephones require… Continue reading What are spectrum auctions?
New norms for DTH television distribution sector
Synopsis: The reasons why a revised scheme for the Direct-to-Home (DTH) television distribution sector has been brought in. Background Recently, the Union Cabinet has approved a revised scheme for the Direct-to-Home (DTH) television distribution sector which were in due for last 6 years after the TRAI gave its recommendation to reduce the license fee. Under the… Continue reading New norms for DTH television distribution sector
100% FDI in DTH service
Source: The Hindu News: Union Cabinet has approved revised guidelines for Direct-to-Home (DTH) broadcasting services. Facts: Direct to Home(DTH): It enables a broadcasting company to directly beam the signal to your TV set through a receiver that is installed in the house.There is no need for a separate cable connection. Advantages of DTH: One can do away… Continue reading 100% FDI in DTH service
INDIAN PHARMACEUTICAL SECTOR CHALLENGES AND REFORMS
Source: PIB, Indian Medicine Industry-RSTV , FDI data of Ministry, Mint, Relevance: Recently PM follows up his 3 city visit by a virtual meeting with 3 more vaccine developers based in Pune and Hyderabad Ambassadors of 100 countries are scheduled to arrive in Pune on December 4, to visit Serum Institute of India and Gennova Biopharma. Sweden has already acknowledged India’s role as… Continue reading INDIAN PHARMACEUTICAL SECTOR CHALLENGES AND REFORMS
