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Reforms-based and Results-linked, Revamped Distribution Sector Scheme: Ensuring sustainable turnaround in financial health of discoms

Context In its budget 2021-22, the Union government had announced the launch of a “reforms-based and results-linked” scheme for the distribution sector. Precarious financial condition of discoms Their overall debt burden, despite the implementation of the UDAY scheme, is estimated to increase to around Rs 6 lakh crore in the ongoing financial year. Moreover, their… Continue reading Reforms-based and Results-linked, Revamped Distribution Sector Scheme: Ensuring sustainable turnaround in financial health of discoms

Extended Producer Responsibility (EPR) for Plastic Waste Collection

The Environment Ministry has issued draft rules that mandate producers of plastic packaging material to collect all of their produce by 2024 and ensure that a minimum percentage of it be recycled as well as used in subsequent supply. What is EPR? Extended Producer Responsibility (EPR) means the responsibility of a producer for the environmentally… Continue reading Extended Producer Responsibility (EPR) for Plastic Waste Collection

RBI’s monetary policy statement

Context The Monetary Policy Committee of the RBI kept the benchmark policy rates unchanged, and retained the accommodative stance in its October review. Factors playing part in monetary policy decisions It’s important to remember that monetary policy these days is influenced by both local macroeconomic developments and the global monetary policy direction, with the former… Continue reading RBI’s monetary policy statement

[pib] Indian Space Association

The PM has launched the Indian Space Association (ISpA), an industry body consisting of various stakeholders of the Indian space domain. Indian Space Association (ISpA) The ISpA is a premier industry association of space and satellite companies, which aspires to be the collective voice of the Indian space industry. It will be headed by retired… Continue reading [pib] Indian Space Association

WTO raises 2021 goods trade outlook

The World Trade Organization (WTO) has upgraded its world merchandise trade growth outlook to nearly 11 percent for this year, higher than 8% estimated in March. About WTO The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade between nations. Governments use the organization to establish, revise, and enforce the… Continue reading WTO raises 2021 goods trade outlook

Who was Hermann Bacher?

Hermann Bacher, popularly known as the ‘father of community-led watershed development in India’, passed away at the ripe old age of 97 years in Switzerland September 14, 2021. Hermann Bacher Born in 1924, Bacher, came to India in 1948 at the young age of 24 years. He was to spend the next 60 years of… Continue reading Who was Hermann Bacher?

Issues faced by World Bank and IMF

This article discusses some inherent issues with the international organizations (IOs) i.e., the World Bank (Bank) and International Monetary Fund (IMF) (aka Bretton Woods Twins). This comes in the backyard of the WB decision to scrap its flagship publication, the ‘Doing Business’ report. Issue over chair: A monopoly of the West Common individuals to head:… Continue reading Issues faced by World Bank and IMF

Air India Disinvestment Deal

After 68 years, Air India is all set to return to the Tata fold. What is the deal? The Tatas will own 100% stake in Air India, as also 100% in its international low-cost arm Air India Express and 50% in the ground handling joint venture, Air India SATS. Apart from 141 planes and access… Continue reading Air India Disinvestment Deal

India-ASEAN FTA

The Commerce and Industry Minister has called for a renegotiation of the India-ASEAN free trade agreement (FTA). Why such move? The MCI aims to prevent its misuse by ‘third parties’ and remove trade restrictions as well as non-tariff barriers that he said had hurt Indian exports disproportionately since the pact was operationalized in 2010. The… Continue reading India-ASEAN FTA

What is Palk Bay Scheme?

The Union Government is considering increasing the unit cost of deep-sea fishing vessels under the Palk Bay scheme to make it more attractive to fisherfolk. Palk Bay Scheme The Palk Bay Scheme is the official scheme for diversification of trawl fishing boats from Palk Strait into deep sea fishing boats. It is aimed at encouraging… Continue reading What is Palk Bay Scheme?

Challenges facing Indian Air Force

Context A host of challenges greets India’s new Air Chief. Challenges The challenges include the rewiring of India’s military into new theatre commands, the reservations expressed by the IAF about its “support” role and the visible depletion in operational air assets due to obsolescence and lack of new platforms. The decline in platforms is stark… Continue reading Challenges facing Indian Air Force

NATO fires Russian Diplomats

NATO has withdrew the accreditation of eight Russian officials to the military alliance in response to a rise in malign activities by Moscow. NATO NATO is a military alliance established by the North Atlantic Treaty (also called the Washington Treaty) of April 4, 1949. It sought to create a counterweight to Soviet armies stationed in… Continue reading NATO fires Russian Diplomats

[pib] River Ranching Programme

The Union Minister for Fisheries, Animal Husbandry & Dairying, is set to launch the River Ranching Programme in Uttar Pradesh under the Namami Gange Programme. What is River Ranching? River Ranching is a form of aquaculture in which a population of a fish species (such as salmon) is held in captivity for the first stage… Continue reading [pib] River Ranching Programme

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