Industrial Revolution 4.0: challenges and way forward | 29th October, 2020

Industrial Revolution 4.0 refers to the fourth industrial revolution related to manufacturing and chain production. It is driven by breakthroughs in digital technologies, such as artificial intelligence, robotics, 3D printing, the IoT, Big Data etc. The Drivers of Change: Technological breakthroughs: New technological innovations such as Big Data, 3-D printing, artificial intelligence and robotics is… Continue reading Industrial Revolution 4.0: challenges and way forward | 29th October, 2020

What is Industrial Revolution 4.0?

Industrial Revolution 4.0 Industry 4.0 refers to the fourth industrial revolution related to manufacturing and chain production. It is driven by breakthroughs in digital technologies, such as artificial intelligence, robotics, 3D printing, the IoT, Big Data etc. The Drivers of Change: Technological breakthroughs: New technological innovations such as Big Data, 3-D printing, artificial intelligence and… Continue reading What is Industrial Revolution 4.0?

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MSME Udyam Process

Source: Indian Express Syllabus:Gs3: Inclusive Growth and issues arising from it. Context: Udyam initiative is promising in terms of capturing reliable and verified information about MSMEs but it can impact some MSME’s from accessing formal finance Why the information available on MSME’s are not adequate? Reliable and updated information regarding small businesses in India is… Continue reading MSME Udyam Process

Labour codes reforms

Source- The Indian Express Syllabus- GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment Context- The three labor bills will immensely help the country in bringing much needed economic growth and will help in employment generation. What are the new labour codes? The government has introduced new versions of three… Continue reading Labour codes reforms

Production Linked Incentive Scheme

Source: The Hindu Syllabus: Gs3: Changes in Industrial Policy and their Effects on Industrial Growth Context: The Ministry of Electronics and Information Technology (MeitY) has introduced a Production Linked Incentive Scheme for Large Scale Electronics Manufacturing. What is Production Linked Incentive Scheme? Aim is to position India as a global hub for electronics system design and manufacturing. It… Continue reading Production Linked Incentive Scheme

Insolvency and Bankruptcy Code (IBC 2016)

Source: The Hindu Syllabus: Gs3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Background: The Prime Minister mentioned that Insolvency and Bankruptcy Code (IBC 2016) would help aid India’s path to self-reliance. What are the issues hindering investments in India? Backlog in court cases: nearly four crore matters pending final judgment. The… Continue reading Insolvency and Bankruptcy Code (IBC 2016)

Parliament and the new labour codes

Source- The Hindu Syllabus- GS 3- Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Context- Labour Minister Santosh Gangwar told that four new labour codes will become operational before the year ends. In the brief monsoon session of Parliament, three new labour codes were bulldozed into passing and now await… Continue reading Parliament and the new labour codes

Aatmanirbhar bharat in toy making

Source: The Hindu Gs3: Changes in Industrial Policy and their Effects on Industrial Growth Context: Prime Minister Narendra Modi wants India to attain ‘aatmanirbhar’ in Toy manufacturing sector and called upon the country to become a global toy hub. Need: High Domestic demand: India is home to 25 per cent of world’s children aged between 0… Continue reading Aatmanirbhar bharat in toy making

Future of Work – Industry 4.0

Source: The Indian Express Syllabus: GS-3- S&T Context: Technological change need not cause a destruction of productive jobs and that is why a plan is required for industry 4.0 How will technological change affect the jobs in India? Size of youth: India’s global significance in mastering the future of work and employing the largest global unit of 820 million… Continue reading Future of Work – Industry 4.0