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Subject: Economics

  • India needs to expand its trading base to overcome global headwinds

    Why in the News?

    The rise in the services Purchasing Managers’ Index (PMI) to 59 in February has brought relief to investors and policymakers.

    What is the Purchasing Managers’ Index (PMI)? 

    • The Purchasing Managers’ Index (PMI) is an economic indicator that measures the business activity in manufacturing and services sectors, indicating expansion if above 50 and contraction if below 50.

    What is the significance of the sharp rise in the services Purchasing Managers’ Index (PMI)?

    • Indicator of Economic Expansion: A PMI reading above 50 signifies sectoral growth. The rise to 59 in February reflects a strong rebound in the services sector. Example: Increased demand for financial services and hospitality indicates higher consumer spending and business confidence.
    • Boost to Investor Confidence: A higher PMI suggests a positive business environment, encouraging domestic and foreign investments. Example: Global investors may increase FDI in India’s technology and telecommunication sectors due to sustained growth signals.
    • Job Creation and Income Growth: Growth in the services sector leads to higher employment opportunities and better wages. Example: The rise in IT services and healthcare sectors can create new jobs in software development and medical support.
    • Balancing Manufacturing Weakness: A strong services PMI can offset slowdowns in manufacturing, ensuring overall economic stability. Example: Despite the manufacturing PMI falling to a 14-month low, growth in financial services has maintained economic resilience.
    • Improved Fiscal Outlook: Higher activity in services increases tax revenues, improving the government’s ability to fund infrastructure and social programs. Example: Growth in e-commerce and logistics boosts GST collections, strengthening public finances.

    Which major challenges to India’s services and manufacturing sectors? 

    As per the industry leaders and NASSCOM’s 2025 Strategic Review report, the major challenges are :

    • Technological Disruption from Artificial Intelligence (AI): AI-driven solutions are transforming traditional business models, reducing revenue from new contracts, and reshaping hiring and training practices. Example: Automation in IT services is reducing the need for entry-level jobs, impacting employment growth.
    • Global Protectionism and Rising Tariffs: Increasing reciprocal tariffs and trade barriers, particularly from major economies like the United States, pose a threat to export-oriented industries. Example: U.S. tariffs on Indian textiles and pharmaceuticals may reduce market competitiveness and profit margins.
    • Slowdown in IT Sector Growth: India’s IT sector growth is expected to be 5.1% in FY25, a decline from its historical 16% CAGR, due to reduced demand and shifting client priorities. Example: Major IT firms report fewer large-scale outsourcing contracts as clients adopt in-house AI solutions.
    • Geopolitical Uncertainty: Geopolitical tensions and supply chain disruptions increase business risks and operational costs. Example: Disruptions in the Red Sea trade route affect electronics and automotive supply chains.
    • Potential U.S. Recession Risk: A U.S. economic slowdown could reduce export demand, significantly impacting both manufacturing and services, as the U.S. is India’s largest trading partner. Example: A U.S. recession may lead to fewer orders for Indian IT services, pharmaceuticals, and automotive components.

    How could the reciprocal tariffs announced by the U.S. impact India’s manufacturing sector?

    • Reduced Export Competitiveness: Higher import duties on Indian goods will increase prices in the U.S. market, making Indian products less competitive against local and other global manufacturers. Example: Indian textile exports to the U.S. could decline as higher tariffs make them more expensive compared to those from Vietnam or Bangladesh.
    • Disruption of Supply Chains: Tariff barriers may affect cross-border supply chains, increasing production costs and causing delays in delivery. Example: Indian automotive components exported to U.S. manufacturers may face disruptions, affecting just-in-time production systems.
    • Reduced Investment and Market Access: Tariffs create uncertainty, discouraging foreign direct investment (FDI) and limiting India’s access to the lucrative U.S. market. Example: Electronics manufacturers considering India as a production hub may shift investments to low-tariff countries to maintain U.S. market access.

    Way forward: 

    • Diversify Export Markets: Strengthen trade ties with emerging economies (e.g., Africa, Southeast Asia) and regional blocs to reduce dependence on the U.S. market.
    • Enhance Domestic Manufacturing Competitiveness: Promote Make in India, invest in advanced technologies, and offer export incentives to reduce costs and improve global market access.

    Mains PYQ:

    Q Do you agree that the Indian economy has recently experienced V-shaped recovery? Give reasons in support of your answer.  (UPSC IAS/2021)

  • Ongole Cows

    Why in the News?

    India’s indigenous cattle breed from Ongole is experiencing a sharp decline domestically, even as it has become one of the most prized and expensive cattle breeds in Brazil.

    Ongole Cows

    About Ongole Cows

    • Ongole cattle, also known as Ongolu Gitta, are a native Indian breed originating from Prakasam District, Andhra Pradesh.
    • This Bos indicus breed is historically renowned for its strength, resilience, and disease resistance.
    • It has been widely used for draught power, milk production, and breeding programs.
    • The breed has gained global prominence, especially in Brazil, where it forms the foundation of several superior cattle breeds used for beef production.
    • Though declining in India, they thrive in Brazil, where they form 80% of the cattle population and are used extensively for beef production.
    • LAM Farm, Guntur, is using IVF and embryo transfer for preservation.

    Distinct Features of Ongole Cattle:

    • Heat & Disease Resistance: Naturally adapted to high temperatures and immune to foot-and-mouth and mad cow disease.
    • Strength & Draught Power: Historically used for ploughing, transport, and bull races.
    • A2 Milk Production: Produces high-quality A2 milk, fetching ₹150+ per litre in premium markets.
    • Global Demand & Genetic Superiority: Exported to Brazil, USA, Argentina, and Australia. Used to develop breeds like Brahmana (USA) and Santa Gertrudis (USA).
    • Efficient Feed Conversion: Survives on minimal fodder, ideal for drought-prone regions.
    • High Fertility & Longevity: Strong reproductive lifespan, producing robust calves.
    • Cultural & Historical Importance:  Revered in Indian scriptures and associated with prosperity.

    PYQ:

    [2011] What is/are unique about ‘Kharai camel’, a breed found in India?

    1. It is capable of swimming up to three kilometres in seawater.

    2. It survives by grazing on mangroves.

    3. It lives in the wild and cannot be domesticated.

    Select the correct answer using the codes given below:

    (a) 1 and 2 only

    (b) 3 only

    (c) 1 and 3 only

    (d) 1, 2 and 3

     

  • Agriculture Infrastructure Fund (AIF) Scheme

    Why in the News?

    Punjab has fully utilized ₹4,713 crore allocated under the Agriculture Infrastructure Fund (AIF), making it the top-ranked state in India for implementing this scheme.

    As a result, Punjab has been granted an additional ₹2,337 crore to further expand its agricultural infrastructure projects.

    What is the Agriculture Infrastructure Fund (AIF) Scheme?

    • The AIF is a ₹1 lakh crore financing facility launched by the Government of India in July 2020 to support post-harvest agricultural infrastructure and community farming assets.
    • AIF provides medium- to long-term debt financing at subsidized interest rates, along with credit guarantee support, to eligible beneficiaries.

    Key Features of the AIF Scheme:

    • Total Corpus & Disbursement: ₹1 lakh crore, disbursed over 10 years (2020-21 to 2029-30).
    • Interest Subvention & Loan Benefits:
      • 3% interest subvention on loans up to ₹2 crore.
      • Credit guarantee support through CGTMSE and NABSanrakshan.
      • Maximum interest rate capped at 9% for a 7-year tenure.
    • Eligible Projects:
      • Post-harvest infrastructure: Warehouses, cold storage, silos, drying yards, sorting, and packaging units.
      • Processing & Value Addition: Food processing plants, oil mills, flour mills, kinnow and cashew processing.
      • Technology-driven solutions: Drone projects, hi-tech farm equipment rental centers.
      • Renewable energy: Solar-powered irrigation and cold storage units.
    • Integration with Other Government Schemes: Can be combined with State & Central subsidies for maximum benefit.
    • Implementation & Monitoring:
      • Managed via online MIS platform for real-time tracking.
      • National, State & District-level monitoring committees ensure effective execution.

    Eligible Beneficiaries Under AIF:

    • Individual Farmers:  Seeking on-farm storage or processing units.
    • Farmer Producer Organizations (FPOs):  For community-based infrastructure.
    • Self-Help Groups (SHGs) & Joint Liability Groups (JLGs): Engaged in agricultural activities.
    • Cooperative Societies & Primary Agricultural Credit Societies (PACS): For collective farming and value addition.
    • Startups & Agri-Tech Companies: Developing post-harvest management solutions.
    • State Agencies & PPP Projects: Government-backed rural infrastructure projects.
    • Entrepreneurs & Agripreneurs: Working in food processing and value addition.

    PYQ:

    [2017] Which of the following is/are the advantage/advantages of implementing the ‘National Agriculture Market’ scheme?

    1. It is a pan-India electronic trading portal for agricultural commodities.

    2. It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.

    Select the correct answer using the codes given below:

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

     

  • [pib] Livestock Health and Disease Control Scheme (LHDCS)

    Why in the News?

    The Union Cabinet has approved the revision of the Livestock Health and Disease Control Programme (LHDCP).

    The revised scheme, with a total outlay of ₹3,880 crore for 2024-25 and 2025-26, includes a new component called “Pashu Aushadhi” to improve the availability of generic veterinary medicines.

    What is LHDC Scheme?

    About
    • Government of India initiative launched in 2022.
    • Aims to improve animal health, control livestock diseases, and enhance veterinary services.
    • Revised with ₹3,880 crore outlay for 2024-25 and 2025-26.
    • Includes “Pashu Aushadhi” for affordable veterinary medicines.
    Features of LHDC
    • Disease Control & Vaccination: Targets FMD, Brucellosis, PPR, CSF, Lumpy Skin Disease. Mass vaccination and eradication.
    • Veterinary Healthcare: Expansion of veterinary hospitals and Mobile Veterinary Units (MVUs).
    • Disease Surveillance: Strengthened disease reporting and monitoring systems.
    • “Pashu Aushadhi”: Affordable, high-quality veterinary medicines with ₹75 crore allocation.

    Sub-Components:

    1. Critical Animal Disease Control Programme (CADCP): Focuses on eradicating high-risk livestock diseases.
    2. Establishment & Strengthening of Veterinary Hospitals and Dispensaries (ESVHD-MVU): Expands mobile veterinary units (MVUs) for better access to veterinary care.
    3. Assistance to States for Control of Animal Diseases (ASCAD): Provides financial support to states for disease prevention and control.
    • Economic Benefits: Prevents livestock mortality and improves milk, meat, and wool production.
    Implementation & Funding Strategy: Coordinated efforts by Central and State Governments; monitoring and assessment mechanisms.

    Funding: ₹3,880 crore for 2024-25 and 2025-26:

    • 100% central funding for CADCP and non-recurring ESVHD components.
    • 60:40 share for other components and ASCAD.
    • 90:10 funding for North Eastern and Himalayan States.
    • 100% Central funding for Union Territories.

     

    PYQ:

    [2015] Livestock rearing has a big potential for providing non-farm employment and income in rural areas. Discuss suggesting suitable measures to promote this sector in India.

    [2012] Which of the following is the chief characteristic of ‘mixed farming’?
    (a) Cultivation of both cash crops and food crops
    (b) Cultivation of two or more crops in the same field
    (c) Rearing of animals and cultivation of crops together
    (d) None of the above

     

  • [5th March 2025] The Hindu Op-ed: Little has changed in the Income-Tax Bill, 2025

    PYQ Relevance:

    Q) Enumerate the indirect taxes which have been subsumed in the Goods and Services Tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017. (UPSC CSE 2019)

     

    Mentor’s Comment: UPSC mains have always focused on the Long-term Capital Gains Tax (2018) and indirect taxes (2019).

    In February 2025, the Union Finance Minister introduced the Income-Tax Bill, 2025, to replace the Income-Tax Act, 1961. The government claims it will simplify tax laws and reduce disputes. However, despite some structural changes, many complexities remain, and the Bill grants even more authoritarian powers than the current law.

    Today’s editorial discusses the newly introduced Income-Tax Bill, 2025, which is important for the GS III Mains paper.

    _

    Let’s learn!

    Why in the News?

    Recently, Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in the Lok Sabha, while opposition parties protested against it.

    What are the key objectives of the Income-Tax Bill, 2025? 

    • Simplifying Tax Laws: To make the tax code easier to understand for both taxpayers and professionals. Example: Replacing complex legal phrases like “notwithstanding anything contained to the contrary” with simpler terms like “irrespective of anything to the contrary”.
    • Reducing Litigation and Ambiguity: To minimize legal disputes by providing clearer definitions and reducing interpretative confusion. Example: Consolidating compliance timelines into tables and schedules to avoid multiple interpretations of deadlines.
    • Modernizing Tax Compliance: To align tax administration with technological advancements and changing business environments. Example: Allowing the use of a “risk management strategy” to identify tax evasion through data analysis.
    • Ensuring Policy Continuity with Structural Reform: To retain core tax policies while improving the law’s structure for better efficiency. Example: Definitions like “income” still refer to the 1961 Act but are presented in a more structured format.
    • Expanding Digital Oversight: To empower tax authorities to investigate digital transactions and virtual assets. Example: Permitting access to digital platforms (e.g., email servers and social media) during tax investigations.

    Why did the government previously amend the criteria for a reassessment of tax?

    The government previously amended the criteria for reassessment of tax through the Finance Act, 2021, which came into effect on April 1, 2021. This marked a significant shift in the reassessment framework under the Income Tax Act, 1961.

    • Shift from “Reason to Believe” to “Information”: The previous requirement for reassessment was based on the assessing officer having a “reason to believe” that income had escaped assessment. Example: After 2021, tax authorities could reopen assessments if they had “information” suggesting unreported income, including data from third-party reports.
    • Introduction of Risk Management Strategy: The amendment introduced the use of a “risk management strategy” as a basis for reopening tax assessments. Example: Tax authorities can now reopen cases based on algorithm-driven data analysis without needing detailed justification.
    • Time Limit Reduction for Reopening Assessments: The time limit for reassessment was reduced from 6 years to 3 years for most cases, with a 10-year limit for cases involving income above ₹50 lakh. Example: If concealed income exceeds ₹50 lakh, tax authorities can reopen cases up to 10 years later, enhancing scrutiny in high-value matters.
    • Legal Challenges and Judicial Interpretations: The vague definition of “information” and the undefined “risk management strategy” led to concerns over arbitrary use of power. Example: Courts have intervened to limit reassessment powers, demanding stricter adherence to procedural safeguards to protect taxpayer rights.

    What are the main concerns regarding their implementation?

    • Increased Administrative Burden: The new system requires detailed procedures and prior approvals, leading to delays and increased workload for tax authorities. Example: Obtaining approval from senior officers before issuing notices can slow down reassessment, especially in cases involving large volumes of data.
    • Ambiguity in “Information” Definition: The term “information” used to trigger reassessment is broad and vague, allowing subjective interpretations. Example: Data from social media activity or third-party reports can be used for reopening cases, raising concerns about the reliability and accuracy of such information.
    • Risk of Harassment and Overreach: Despite safeguards, there is concern that taxpayers may still face unwarranted scrutiny under the new rules. Example: Cases where income exceeds ₹50 lakh can be reopened for up to 10 years, leading to prolonged uncertainty for taxpayers.
    • Challenges in Data Privacy and Security: Accessing digital platforms and using technology-based triggers raises privacy concerns for individuals and businesses. Example: Tax authorities can now access electronic records from email servers and financial platforms, increasing the risk of data misuse.
    • Legal Uncertainty and Litigation: Despite reforms, there is still a risk of judicial challenges due to the interpretive flexibility in the law. Example: Taxpayers may challenge reassessment notices on the grounds of insufficient evidence or procedural lapses, leading to further litigation.

    Way forward: 

    • Enhancing Clarity and Transparency: Clearly define terms like “information” and “risk management strategy” to prevent subjective interpretation and ensure uniform application. Example: Establish detailed guidelines on acceptable data sources and the procedure for using digital evidence.
    • Strengthening Safeguards and Oversight: Implement independent reviews for high-value reassessments and ensure data privacy through robust security protocols. Example: Mandate third-party audits to monitor the use of digital platforms and safeguard taxpayer rights.
  • Government talks big on gender budget, delivers little

    Why in the News?

    The Union and State governments often express their commitment to women’s empowerment. One of the four main pillars of Viksit Bharat 2047 is women’s development.

    What are the three components of the gender budget?

    • Part A: Schemes with 100% allocation for women and girls. Example: Beti Bachao Beti Padhao – a scheme focused entirely on improving the welfare of girls.
    • Part B: Schemes with 30% to 99% allocation for women and girls. Example: National Rural Health Mission (NRHM) – where a significant portion is directed toward maternal and child healthcare.
    • Part C: Schemes with less than 30% allocation for women and girls (introduced in 2024-25). Example: Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) – where a small portion benefits women, though the primary beneficiaries are land-owning farmers.

    Why is the agricultural sector’s allocation under the gender budget considered ineffective for women?

    • Land Ownership Inequality: Most agricultural schemes, like PM-Kisan, are land-linked, and since agricultural land is typically owned by men, women are excluded from direct benefits. Example: Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) provides ₹6,000 per year to land-owning farmers, but women who work on the land without ownership do not qualify.
    • Limited Focus on Women Farmers: There is insufficient funding for programs addressing the specific needs of women farmers, such as access to credit, training, and technology. Example: Schemes like the Mahila Kisan Sashaktikaran Pariyojana (MKSP), which focus on empowering women in agriculture, receive a smaller share of the gender budget.
    • Exclusion from Decision-Making: Women in agriculture often lack legal and institutional representation, limiting their ability to influence policy decisions and resource allocation. Example: Despite women forming a significant share of the agricultural workforce, they are underrepresented in farmer producer organizations (FPOs) and cooperatives.

    Who benefits the most from the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme?

    • Land-Owning Farmers: The primary beneficiaries of the PM-Kisan scheme are small and marginal land-owning farmers who receive ₹6,000 per year in three equal installments. Example: A male landowner with 2 hectares of cultivable land is eligible for the financial assistance under the scheme.
    • Male Family Members: Since land ownership in India is predominantly male, the male head of the household typically receives the direct cash transfer, even when women contribute equally to agricultural work. Example: In patriarchal households, the registered male family member receives the PM-Kisan payments, excluding women working on the same land.
    • Joint Landholders (Primarily Men): In cases of joint land ownership, the payment is usually disbursed to the registered owner, who is more often a man, rather than women co-owners. Example: If a piece of farmland is jointly owned by a husband and wife, the husband is more likely to be listed as the primary beneficiary.

    Why are women often excluded from its advantages?

    • Lack of Land Ownership: Women often do not hold legal ownership of agricultural land, making them ineligible for PM-Kisan benefits, as the scheme is limited to landowners. Example: A woman working on her family’s farmland cannot receive PM-Kisan payments if the land is registered in her husband’s name.
    • Patriarchal Inheritance Practices: Customary inheritance laws and patriarchal norms often prevent women from inheriting land, limiting their access to direct agricultural benefits. Example: In many rural areas, agricultural land is passed down to sons, excluding daughters from ownership and thus from PM-Kisan benefits.
    • Administrative and Documentation Barriers: Women face challenges in providing legal documents (such as land records or identity proof) required to register as beneficiaries under the scheme. Example: Widowed or single women who cultivate land but lack formal ownership documents are excluded from receiving financial assistance.

    Way forward: 

    • Ensure Gender-Inclusive Land Reforms: Promote joint land titles for spouses and simplify the land registration process to increase women’s eligibility for schemes like PM-Kisan.
    • Design Women-Centric Agricultural Programs: Introduce exclusive subsidies, credit access, and training for women farmers while increasing the allocation under gender-responsive schemes like Mahila Kisan Sashaktikaran Pariyojana (MKSP).

    Mains PYQ:

    Q Women empowerment in India needs gender budgeting. What are requirements and status of gender budgeting in the Indian context? (UPSC IAS/2016)

  • Navratna Status for IRCTC and IRFC 

    Why in the News?

    The Indian Railway Catering and Tourism Corporation (IRCTC) and the Indian Railway Finance Corporation (IRFC) have been granted Navratna status, making them the 25th and 26th Navratna companies in India.

    Other Navratna Companies in Indian Railways

    • Container Corporation of India (CONCOR): Multimodal logistics.
    • Rail Vikas Nigam Ltd (RVNL): Infrastructure expansion.
    • RITES Ltd: Transport consultancy.
    • IRCON International Ltd: Railway and highway construction.
    • RailTel Corporation of India Ltd: IT & communication services.

    What is Navratna Status?

    • Introduced in 1997, the Navratna scheme identifies high-performing CPSEs and grants them financial and operational independence.
    • It allows selected companies to compete globally while maintaining public sector ownership.
    • Categories of PSUs in India:
      • Maharatna:  Largest CPSEs with highest financial powers.
      • Navratna: Mid-tier CPSEs with strategic autonomy.
      • Miniratna: Emerging CPSEs with limited independence.

    Eligibility Criteria for Navratna Status:

    A CPSE must-

    • Be a Miniratna-I company with an Excellent or Very Good rating in its MoU performance in three out of five years.
    • Achieve a composite score of 60+ based on:
      • Net Profit to Net Worth
      • Manpower Cost to Total Cost of Production
      • Profitability Ratios (PBDIT & PBIT)
      • Earnings Per Share
      • Inter-Sectoral Performance

    Benefits of Navratna Status:

    • Investment Autonomy: Can invest ₹1,000 crore or 15% of net worth in a single project without government approval.
    • Strategic Expansion: Freedom to form joint ventures, subsidiaries, and acquisitions.
    • Operational Flexibility: Can make independent business and investment decisions.
    • Enhanced Market Position: Attracts more investors and improves stock performance.

    PYQ:

    [2011] Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?

    1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.

    2. The Government no longer intends to retain the management control of the CPSEs.

    Which of the statements given above is/ are correct?

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) neither 1 nor 2

     

  • [pib] Animal Welfare Board of India (AWBI)

    Why in the News?

    The Animal Welfare Board of India (AWBI) recently organized Prani Mitra and Jeev Daya Award Ceremony in New Delhi.

    • Prani Mitra Awards were established in 1966 to honor individuals excelling in animal welfare and protection.
      • Since 1966, 54 individuals have received this award for their remarkable service.
    • Jeev Daya Awards, instituted in 2001, acknowledge efforts in animal rescue, rehabilitation, and welfare education.

    About the Animal Welfare Board of India (AWBI)

    • The AWBI is a statutory advisory body under the Ministry of Fisheries, Animal Husbandry, and Dairying.
    • It was established in 1962 under Section 4 of the Prevention of Cruelty to Animals (PCA) Act, 1960, with Rukmini Devi Arundale as its first chairperson.
    • Headquarters: Ballabhgarh, Haryana (previously in Chennai).
    • Composition: 28 members serving for a period of three years.
    • Jurisdiction: Initially under the Ministry of Food and Agriculture, later moved to the Ministry of Environment, Forests, and Climate Change, and is now managed by the Ministry of Fisheries, Animal Husbandry, and Dairying.
    • Functions of AWBI:
      • Recognition of Animal Welfare Organizations (AWOs): Grants recognition to organizations meeting the Board’s guidelines.
      • Financial Assistance: Provides funds for shelters, cattle rescue, ambulances, and birth control programs.
      • Policy and Legal Advocacy: Proposes changes in animal welfare laws and offers guidance to law enforcement agencies.
      • Awareness and Education: Conducts educational programs, workshops, and publications on animal welfare.
      • Monitoring Animals in Research & Entertainment: Instrumental in setting up CPCSEA (Committee for the Purpose of Control and Supervision of Experiments on Animals) and implementing Performing Animals Rules (2001, amended 2005).
      • Activism & Legal Rights for Animals: Successfully fought in 2014 (AWBI vs. Nagaraja case) for recognizing fundamental rights of animals under Article 21 of the Indian Constitution.

    PYQ:

    [2014] Consider the following statements:

    1. Animal Welfare Board of India is established under the Environment (Protection) Act, 1986.

    2. National Tiger Conservation Authority is a statutory body.

    3. National Ganga River Basin Authority is chaired by the Prime Minister.

    Which of the statements given above is/ are correct?

    (a) 1 only

    (b) 2 and 3 only

    (c) 2 only

    (d) 1, 2 and 3

     

  • [pib] Time Use Survey (TUS), 2024

    Why in the News?

    The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), has released the Time Use Survey (TUS) 2024, marking the second nationwide survey of its kind after 2019.

    What is the Time Use Survey (TUS) 2024?

    • The TUS, 2024 is a nationwide survey conducted by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI).
    • It is the second edition of the survey, following the first TUS conducted in 2019.
    • Purpose: TUS measures how individuals allocate their time across paid work, unpaid domestic work, caregiving, learning, leisure, and other daily activities.
    • India is among a few countries, including Australia, Japan, Korea, the US, and China, that conduct National Time Use Surveys.
    • Unlike traditional surveys that focus solely on employment, TUS captures both economic and non-economic activities, highlighting gender roles, social structures, and lifestyle changes.

    Key Highlights of TUS 2024:

    • 75% of males and 25% of females (aged 15-59 years) participated in employment-related activities in 2024.
    • In 2019, the participation rate was 70.9% for males and 21.8% for females, reflecting a 3.2% increase in female workforce participation.
    • Decline in unpaid domestic work for women from 315 minutes/day (2019) to 305 minutes/day (2024), indicating a shift towards paid employment.
    • 41% of women and 21.4% of men in the 15-59 age group engaged in caregiving.
    • Women spent 140 minutes/day, while men spent 74 minutes/day on caregiving.
    • Male involvement in child-rearing and elder care is rising, signaling changing gender roles.
    • 89.3% of children (6-14 years) participated in learning activities, dedicating an average of 413 minutes/day.
    • Leisure time has increased – People aged 6 years and above spent 11% of their daily time on cultural, leisure, mass media, and sports activities, compared to 9.9% in 2019.
    • 16.8% of people engaged in producing goods for personal use, spending 121 minutes/day.
    • In rural areas, 24.6% of individuals (15-59 years) participated in household production.
    • Unpaid domestic services participation: 81.5% of women, 27.1% of men.

    PYQ:

    [2013] Disguised unemployment generally means:

    (a) large number of people remain unemployed
    (b) alternative employment is not available
    (c) marginal productivity of labour is zero
    (d) productivity of workers is low

    [2023] Most of the unemployment in India is structural in nature. Examine the methodology adopted to compute unemployment in the country and suggest improvements.

     

  • One Nation One Port Initiative

    Why in the News?

    The Ministry of Ports, Shipping, and Waterways (MoPSW) has launched the “One Nation, One Port Process” (ONOP) initiative to standardize and streamline operations across India’s major ports.

    What is the One Nation, One Port Initiative?

    • The One Nation, One Port Process initiative, launched by the Ministry of Ports, Shipping, and Waterways (MoPSW), aims to standardize and streamline port operations across India.
    • It seeks to eliminate inefficiencies, reduce documentation, and enhance trade competitiveness, aligning with India’s vision of becoming a global maritime hub.

    Key Features:

    • Standardized Port Operations: Uniform documentation, customs, and clearance processes across all ports to improve efficiency.
    • Reduction in Documentation: Container operation documents reduced by 33% (from 143 to 96); bulk cargo documents cut by 29% (from 150 to 106).
    • Sagar Ankalan Logistics Port Performance Index (LPPI): Tracks port efficiency and competitiveness to align with global logistics standards.
    • MAITRI Digital Platform: Integrates AI and Blockchain for automated trade approvals, supporting Virtual Trade Corridors (VTC) with UAE, BIMSTEC, and ASEAN.
    • Green and Smart Port Infrastructure: Encourages low-carbon logistics, sustainable shipping, and modernized port facilities.
    • Maritime Development Fund & Shipbuilding Support: Provides financial incentives for domestic shipyards and strengthens India’s maritime industry.

    PYQ:

    [2009] In India, the ports are categorized as major and nonmajor ports. Which one of the following is a nonmajor port?

    (a) Kochi (Cochin)
    (b) Dahej
    (c) Paradip
    (d) New Mangalore