NITI Aayog releases “Fast Tracking Freight in India” Report

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

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