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Subject: Economics

  • [pib] QS World Future Skills Index

    Why in the News?

    PM has expressed his happiness as the QS World Future Skills Index ranks India 2nd for Digital Skills, ahead of Canada and Germany.

    About the QS World Future Skills Index

    • The index is launched by Quacquarelli Symonds (QS), a London-based higher education firm, the index evaluates countries on their readiness to meet evolving job market demands.
    • It assesses over 190 countries, analyzing:
      • 280 million job postings
      • 5 million employer skill demands
      • 17.5 million research papers
    • 4 Key Indicators:
      • Skills Fit: Alignment between workforce skills and employer demands.
      • Academic Readiness: Higher education’s capability to prepare students for future skills.
      • Future of Work: Job market readiness for emerging skills in digital, AI, and green technologies.
      • Economic Transformation: Capacity for innovation and sustainable growth.
    • Countries are classified into 4 categories as:
      • Future Skills Pioneers
      • Practitioners
      • Contenders (India’s category)
      • Aspirants

    Key Observations  

    • India ranks 2nd globally in digital, AI, and green skills, showcasing its leadership in technology and sustainability.
    • It achieved a perfect score in economic capacity, reflecting strong growth potential.
    • However, India scored poorly in skills fit (59.1) and sustainability innovation (15.6), highlighting gaps in education and innovation alignment.
    • Developed nations like the USA, UK, and Germany lead as “future skills pioneers.”

    Significance of the Index

    • The report serves as a global benchmark for readiness in meeting evolving job market demands.
    • It highlights the importance of digital, AI, and green skills for future industries.
    • It provides actionable insights for policy reforms in education and workforce training.
    • It positions India to address gaps and leverage its strengths to secure a competitive global role.

    PYQ:

    [2022] What are the main socio-economic implications arising out of the development of IT industries in major cities of India?

  • [pib] 9 Years of Startup India

    Why in the News?

    On January 16 (National Startup Day), 2025, India marks 9 successful years of Startup India, a flagship initiative that has revolutionized the entrepreneurial ecosystem in the country.

    About the Startup India Initiative

    • Startup India is a flagship initiative launched by the Government of India on January 16, 2016, to create a robust ecosystem for nurturing startups and innovation.
    • It aims to drive economic growth and generate large-scale employment opportunities, with a focus on empowering entrepreneurs through innovation and regulatory support.
    • The PM first announced the initiative on August 15, 2015, during his Independence Day address at Red Fort, New Delhi.
    • The program aims to establish 75+ startup hubs across India and encourages entrepreneurship in Tier-2 and Tier-3 cities.
      • A related scheme, Stand-Up India, was launched on April 5, 2016, to facilitate loans between ₹10 lakh to ₹1 crore for SCs, STs and women entrepreneurs to establish Greenfield enterprises.
    • The program emphasizes the 3 Cs—Capital, Courage, and Connections, which Prime Minister Modi identifies as essential for entrepreneurial success.
    • It seeks to eliminate restrictive policies, including those related to License Raj, foreign investment proposals, and land permissions, ensuring ease of doing business.

    Definition of a Startup (as per DPIIT)

    • A startup must be registered as a private limited company, partnership firm, or limited liability partnership (LLP) in India.
    • The entity must not have completed 10 years since its incorporation.
    • Annual turnover should not exceed ₹100 crore in any financial year since incorporation.
    • The startup should focus on innovative products or services and demonstrate scalability, potential for wealth creation, or employment generation.
    • Entities formed through splitting or restructuring of existing businesses are not classified as startups.
    • Startup related terminologies analogously used in India:
      • Unicorn: A startup valued at over $1 billion.
      • Decacorn: A startup valued at over $10 billion.
      • Hectocorn: A startup valued at over $100 billion.
      • Soonicorn: A rapidly growing startup expected to become a unicorn soon.
      • Mincorn: A startup valued at less than $1 billion.

    Key Achievements of Startup India

    • India is the third-largest startup hub globally, following the United States and China.
    • DPIIT-recognized startups grew from 500 in 2016 to 1,59,157 by January 2025.
    • Women-led startups accounted for 73,151 entities as of October 2024, with 48% of startups having at least one woman director by December 2023.
    • Startups have generated 16.6 lakh direct jobs from 2016 to October 2024.
    • Over 50% of startups originated from Tier-2 and Tier-3 cities, including emerging hubs like Indore, Jaipur, and Ahmedabad.

    Key Government Initiatives for Startups:

    • Startup India Seed Fund Scheme (SISFS), 2021: Provides financial assistance to early-stage startups for proof of concept, prototype development, product trials, market entry, and commercialization.
      • Total allocated amount: ₹945 crore for startups over a four-year period.
    • Credit Guarantee Scheme for Startups (CGSS), 2022: Offers collateral-free loans to startups through Scheduled Commercial Banks, NBFCs, and SEBI-registered AIFs.
      • Covers loans up to ₹10 crore for eligible startups.
    • Fund of Funds for Startups (FFS), 2016: Established with a ₹10,000 crore corpus to provide funding support to startups through SEBI-registered Venture Capital Funds.
      • By 2024, ₹7,980 crore was committed to 99 Alternative Investment Funds (AIFs), benefiting over 800 startups.
    • BHASKAR (Bharat Startup Knowledge Access Registry), 2024: A centralized platform aimed at streamlining interactions within India’s entrepreneurial ecosystem.
      • Fosters innovation, collaboration, and startup growth through knowledge-sharing and networking.
    • Startup Village Entrepreneurship Program (SVEP): A sub-component of the National Rural Livelihood Mission (NRLM), implemented by the Ministry of Rural Development.
      • Supported 3,02,825 enterprises as of 2024, creating 6,26,848 jobs.
    • TIDE 2.0 (Technology Incubation and Development of Entrepreneurs): Focuses on supporting startups in emerging technologies like AI, IoT, and Blockchain.
      • Established 51 incubators and supported 1,235 startups.
    • GENESIS (Gen-Next Support for Innovative Startups), 2024: Aims to boost startups in Tier-II and Tier-III cities.
      • Total outlay: ₹490 crore over five years, targeting over 1,500 startups.
    • Atal Innovation Mission (AIM): Operates under NITI Aayog to foster innovation and entrepreneurship through the establishment of Atal Incubation Centers (AICs).
      • Provides physical infrastructure and mentorship for startups to scale effectively.
    • Startup Mahakumbh: A flagship event organized to bring together startups, unicorns, investors, and industry leaders.
      • First edition in 2019 saw over 500 participants; the fifth edition is scheduled for March 7-8, 2025, in New Delhi.

    PYQ:

    [2014] What does venture capital mean?

    (a) A short-term capital provided to industries

    (b) A long-term start-up capital provided to new entrepreneurs

    (c) Funds provided to industries at times of incurring losses

    (d) Funds provided for replacement and renovation of industries

  • No, legal guarantee for MSP is not a “folly”

    Why in the News?

    There is an ongoing heated discussion about whether farmers should be given a legal guarantee for Minimum Support Price (MSP).

    Is a legal guarantee for MSP feasible within India’s economic framework?The arguments in favour of the legalisation of MSP: 

    • Protects Farmers from Market Fluctuations: Farmers often face volatile market prices due to surplus production, inadequate infrastructure, or global competition. A legal guarantee for MSP ensures a minimum income and shields them from sudden price crashes.
    • Example: Crops like onions and tomatoes frequently see price collapses that leave farmers unable to cover costs.
    • Addresses Rural Distress and Ensures Livelihood Security: A guaranteed MSP provides a reliable source of income, reducing poverty and addressing the rural distress that drives issues like farmer suicides.
    • Example: In drought-prone regions, assured MSP acts as a safety net against the dual impacts of climate change and market failures.
    • Supports National Food Security: Incentivizing farmers through a guaranteed MSP ensures the continued production of essential crops, securing food for the nation and stabilizing food prices for consumers.
    • Example: Government procurement of rice and wheat at MSP forms the backbone of the Public Distribution System (PDS), ensuring affordable food for millions.

    The arguments against the legalisation of MSP: 

    • Risk of Market Distortions: A legally enforced MSP could disrupt natural price discovery, discouraging private investment in agriculture and creating inefficiencies in the market. Example: Guaranteed MSP could encourage overproduction of certain crops, leading to supply gluts and environmental degradation.
    • Unsustainable Fiscal Burden: Implementing MSP for a wide range of crops would require massive public expenditure, diverting resources from other developmental priorities like healthcare and education. 

     

    What mechanisms can ensure farmers receive the MSP without direct government purchases?

    • Widening Food Basket: Expanding the food basket in the Public Distribution System (PDS) and increasing procurement levels at MSP can help ensure farmers receive fair prices without direct purchases.
    • Market Intervention Schemes: Establishing targeted market intervention schemes can prevent prices from falling below the MSP, thus providing farmers with necessary price support.
    • Price Deficit Payment (PDP): A legally mandated compensation mechanism for farmers when market prices fall below the MSP could be implemented. This would not require direct procurement but would ensure farmers are compensated based on official data regarding area sown and average productivity.

    What are the broader implications of a legal MSP guarantee on agricultural policy and farmer welfare?

    • Social Contract: The demand for a legally guaranteed MSP reflects an unwritten social contract between the Indian state and farmers. Breaching this contract could lead to further disenfranchisement of farmers facing challenges like climate change and global competition.
    • Market Dynamics: A legal guarantee could alter market dynamics by ensuring that farmers are not solely dependent on volatile market conditions. This might encourage more stable agricultural production and investment in rural areas.
    • Political Considerations: Given the electoral implications of food prices in a democracy, a legally guaranteed MSP could compel governments to prioritise farmer welfare over consumer price suppression, potentially leading to more balanced agricultural policies.

    Way forward: 

    • Strengthen Decentralized Procurement and PDP Mechanisms: Expand the food basket under PDS and introduce Price Deficit Payment (PDP) schemes to ensure farmers receive MSP without burdening government finances through direct procurement. This would also reduce inefficiencies in distribution.
    • Promote Diversification and Agri-Infrastructure: Encourage crop diversification by linking MSP with environmentally sustainable and high-value crops, supported by improved storage, transportation, and market access to minimize post-harvest losses and enhance farmer incomes sustainably.

    Mains PYQ:

    Q What do you mean by Minimum Support Price (MSP)? How will MSP rescue the farmers from the low-income trap? (UPSC IAS/2018)

  • [pib] Production Linked Incentive (PLI) Scheme 1.1

    Why in the News?

    Union Minister for Steel and Heavy Industries has inaugurated the second round of the Production Linked Incentive (PLI) Scheme for Specialty Steel, termed PLI Scheme 1.1.

    About the PLI Scheme 1.1

    • It is built upon the earlier round of the PLI scheme to enhance domestic manufacturing of high-value steel, reduce imports, and boost India’s global steel market position.
    • 5 specialty steel categories are considered:
      1. Coated/Plated Steel Products for appliances, construction, and automotive sectors.
      2. High Strength/Wear-Resistant Steel for infrastructure, mining, and heavy machinery.
      3. Specialty Rails for railways and metros.
      4. Alloy Steel Products and Steel Wires for industrial uses.
      5. Electrical Steel (CRGO and others): Cold-Rolled Grain-Oriented Steel, essential for power transformers and electrical applications.
    • It covers production from FY 2025-26 to FY 2029-30 and operates within the original budget of ₹6,322 crore.
    • Changes introduced in PLI Scheme 1.1:
      • Investment and capacity thresholds reduced:
        • For CRGO Steel: Investment threshold lowered to ₹3,000 crore; capacity threshold to 50,000 tonnes.
        • Encourages CRGO production as a strategic priority under Atmanirbharta.
      • Carry-forward provision: Excess production in one year can offset shortfalls in another, ensuring optimal incentive distribution.
      • Companies investing in capacity augmentation can participate; thresholds reduced to 50% of original requirements.
      • Simplified guidelines: Revised to improve accessibility and encourage industry participation.

    Bakc2Basics: PLI Schemes 1.0 and 2.0

    PLI Scheme 1.0

    • Launched in March 2020, it aimed to boost domestic manufacturing, reduce imports, and create jobs in key sectors.
    • Initially focused on three industries (mobile manufacturing, electrical components, and medical devices) but later expanded to 14 sectors, including electronics, pharmaceuticals, and textiles.
    • Provided 1%–4% incentives on incremental sales over the base year, with a ₹7,350 crore outlay for IT hardware.
    • Had an estimated investment target of ₹2,500 crore (IT hardware) but did not specify details on job creation.
    • Served as a cornerstone for Atmanirbhar Bharat, promoting self-reliance and innovation in India’s manufacturing ecosystem.

    PLI Scheme 2.0

    • Launched in May 2023, it specifically focuses on IT hardware (laptops, tablets, servers, PCs) to enhance global competitiveness.
    • Comes with a higher budget of ₹17,000 crore (for IT hardware) over a 6-year duration.
    • Incentivizes local manufacturing with ~5% incentives on incremental sales, alongside additional benefits for components like memory modules and SSDs.
    • Targets ₹2,430 crore in investment, ₹3.35 lakh crore in production, and $12–17 billion in exports by 2025–26.
    • Seeks to create 75,000 direct jobs and up to 2 lakh indirect jobs, offering different incentive caps for global, hybrid, and domestic companies.

     

    PYQ:

    [2023] Consider, the following statements:

    Statement-I: India accounts for 3.2% of global export of goods.

    Statement-II: Many local companies and some foreign companies operating in India have taken advantage of India’s ‘Production-linked Incentive’ scheme.

    Which one of the following is correct in respect of the above statements?

    (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

    (b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

    (c) Statement-I is correct but Statement-II is incorrect

    (d) Statement-I is incorrect but Statement-II is correct

  • [pib] National Programme for Organic Production (NPOP)

    Why in the News?

    The Ministry of Commerce & Industry has inaugurated the 8th edition of the National Programme for Organic Production (NPOP) emphasizing India’s goal to enhance organic farming and achieve ₹20,000 crore in organic exports within the next 3 years.

    About the National Programme for Organic Production (NPOP):

    Details
    About
    • Launched in 2001.
    • Implemented by the Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce & Industries.
    • Focuses on accreditation, organic production standards, and promoting organic farming.
    • Enhances India’s global competitiveness in organic farming and supports eco-friendly and viable practices.
    Features of the 8th Edition
    • Recognition for Organic Grower Groups: Simplified certification requirements for grower groups, granting them legal status and replacing the Internal Control System (ICS), a previous quality assurance system for group certification.
    • NPOP Portal: Provides visibility and streamlines operations for organic stakeholders.
    • Organic Promotion Portal: Connects farmers, Farmer Producer Organisations (FPOs), and exporters with global buyers, offering trade leads, training, and events.
    • TraceNet 2.0: Upgraded system ensuring farm-to-market transparency, traceability, and compliance with global standards.
    • AgriXchange Portal: Facilitates data analysis and connects international buyers and sellers to strengthen India’s position in the global organic market.
    • 6. Technological Advancements: Boosts organic farming operations through innovative systems and tools, enhancing India’s organic production ecosystem.
    Significance
    • Sets standards for organic production and accreditation, recognized by the European Commission and Switzerland, enabling acceptance of Indian organic products internationally.
    • Facilitates India’s integration into the global organic market.

     

    Do you know?

    • India ranks 2nd globally in terms of organic agricultural land.
    • Sikkim is the world’s first fully organic state, and North East India has a tradition of organic farming with minimal chemical use.
    • India has the highest number of organic producers worldwide, with 2.3 million farmers.
    • By 2023-24, approximately 4.5 million hectares (2.5% of total agricultural land) were under organic certification.
    • Madhya Pradesh (26%), Maharashtra (22%), Gujarat (15%), and Rajasthan (13%) together contribute 76% of India’s total organic farming area.

     

    PYQ:

    [2021] How is permaculture farming different from conventional chemical farming?

    1. Permaculture farming discourages mono-cultural practices but in conventional chemical farming, monoculture practices are predominant.
    2. Conventional chemical farming can cause an increase in soil salinity but the occurrence of such phenomenon is not observed in permaculture farming.
    3. Conventional chemical farming is easily possible in semi-arid regions but permaculture farming is not so easily possible in such regions.
    4. Practice of mulching is very important in permaculture farming but not necessarily so in conventional chemical farming.

    Select the correct answer using the code given below.

    (a) 1 and 3
    (b) 1, 2 and 4
    (c) 4 only
    (d) 2 and 3

  • India needs to be a global champion in sunrise sectors

    Why in the News?

    India must lead in emerging industries to become a developed nation and a USD 32 trillion economy by 2047. Niti Ayoge CEO stressed the need to produce solar panels and electric vehicles.

    What are the Sunrise sectors?

    • Sunrise sectors refer to rapidly growing industries that are in their early stages but have high potential for expansion. These sectors attract significant venture capital and are appealing for long-term growth prospects.
    • Niti Aayog CEO believes that excelling in these sectors is crucial for India to meet its ambitious economic targets by 2047.

    Key Sunrise Sectors: 

    • Electric Vehicles (EVs): With initiatives like FAME II, India aims to boost EV manufacturing and infrastructure. The sector is expected to grow significantly, contributing to sustainability and reducing dependence on fossil fuels.
    • Electronics and Semiconductors: The semiconductor market in India is projected to triple by 2026, driven by government incentives and initiatives like the PLI Scheme. This sector is vital for establishing India as a global manufacturing hub.
    • Renewable Energy: India is focusing on renewable energy sources, particularly solar power, where it currently lags behind globally by 5-7 years in manufacturing capabilities.
    • Artificial Intelligence (AI) and advanced tech: It will drive innovation, economic growth, and global competitiveness.

    What are the potential impacts?

    • Economic Growth: By investing in sunrise sectors, India can drive economic growth through innovation, job creation, and industrial development. This can help bridge the gap to becoming a global economic power.
    • Sustainability: These sectors align with global sustainability goals, helping India reduce dependency on fossil fuels and transition to cleaner, more renewable energy sources, ultimately aiding in climate change mitigation.
    • Global Competitiveness: Being a leader in sunrise sectors, such as electric vehicles or solar panel manufacturing, can position India as a global hub for cutting-edge technology and innovation.

    What are the challenges faced by the Sunrise Sectors in India?

    • Technological Gap: Indian industries are lagging in areas like solar panel manufacturing and electric vehicles, often 5-7 years behind global leaders. This technological gap hinders competitiveness and innovation. Example: India has not fully capitalized on the growing electric vehicle market, which is dominated by countries like China.
    • Infrastructure and Investment Deficits: India’s current infrastructure does not fully support the rapid scaling of sunrise sectors. Additionally, private credit to GDP in India is lower compared to global giants like the US and China, affecting the ability of industries to scale up. Example: Limited investments in research, development, and infrastructure for clean technology and manufacturing.
    • Policy and Regulatory Bottlenecks: India’s policy frameworks for clean technology and green industries often lack the depth and support required for aggressive global competition. There is a need for more incentives, clear regulatory guidelines, and quicker approvals for new technologies.

    Way forward: 

    • Increased Investment in Research and Development: India must invest heavily in R&D for sunrise sectors, particularly in clean technologies and electric vehicle manufacturing. Government-backed initiatives and partnerships with global players can help bridge technological gaps.
    • Policy Support and Incentives: India should provide stronger policy frameworks, such as tax incentives, subsidies for clean tech investments, and faster clearances for new ventures in sunrise sectors. More investment in infrastructure, particularly for electric vehicle charging stations and renewable energy grids, is crucial.

    Mains PYQ:

    Q How is efficient and affordable urban mass transport key to the rapid economic development in India? (UPSC IAS/2019)

  • [pib] Release of National Livestock Mission Operational Guidelines 2.0

    Why in the News?

    The Ministry of Fisheries, Animal Husbandry & Dairying has released operational guidelines 2.0 for National Livestock Mission (NLM).

    What are the new operational guidelines 2.0 for NLM?

    • It focuses on promoting entrepreneurship, cluster-based development, and sustainable practices in the livestock sector.
    • They emphasize financial assistance through schemes like the Animal Husbandry Infrastructure Development Fund (AHIDF), capacity building, and modern technologies.
    • The launch of the NLM-EDP Dashboard ensures real-time monitoring and transparency.
    • Priority is given to poultry, dairy, and marginalized groups to drive equitable growth.

    About National Livestock Mission (NLM): Summary Table

    Details
    About
    • Launched in 2014-15, realigned in 2021-22 under the White Revolution – Rashtriya Pashudhan Vikas Yojana.
    • Aims to enhance livestock production quantity and quality while fostering entrepreneurship.
    • Overseen by the Ministry of Fisheries, Animal Husbandry, and Dairying.
    Structural Mandate and Implementation
    • Comprises 3 sub-missions: (1) Breed Improvement of Livestock and Poultry, (2) Feed and Fodder Development, and (3) Innovation and Extension.
    • Focus on entrepreneurship through financial incentives for individuals, FPOs, SHGs, cooperatives, and startups.
    • Includes 10 activities, such as fodder cultivation and livestock insurance, emphasizing sustainable practices and stakeholder support.
    Features
    • Entrepreneurship Support: 50% subsidy (up to ₹50 lakh) for horse, donkey, mule, and camel conservation.
    • Fodder Seed Processing: Infrastructure eligible for 50% subsidy for private entities and cooperatives.
    • Fodder Cultivation: Assistance to state governments for growing fodder in degraded and non-arable lands.
    • Livestock Insurance: Reduced farmer premiums (15%), expanded animal coverage, and enhanced Centre-State funding (60:40 or 90:10).

    What is the Status of Livestock Sector in India?

    • The livestock sector grew at a CAGR of 7.9% from 2014-15 to 2020-21
    • Contribution to Agricultural GDP increased from 24.3% in 2014-15 to 30.1% in 2020-21
    • Contributes 4.35% to the national GDP in fiscal year 2022-23
    • Total livestock population: Approximately 536.76 million animals
    • Population growth: 4.8% increase since 2012
    • Global Livestock Ownership Highlights:
      • 12.50% of world’s cattle population
      • 56.70% of world’s buffalo population
      • World’s second-largest poultry market
    • Major Schemes and Programmes:
      • Rashtriya Gokul Mission (RGM): Launched in December 2014 for breed development
      • National Animal Disease Control Programme (NADCP): Focuses on controlling Foot & Mouth Disease and Brucellosis
      • Animal Husbandry Infrastructure Development Fund (AHIDF): Approved 116 projects worth INR 3,731.4 crore

    PYQ:

    [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

  • Centre reconstitutes Atomic Energy Commission (AEC)

    Why in the news?

    The Government of India has reconstituted the Atomic Energy Commission (AEC) to include new members, reflecting recent appointments in key administrative positions.

    About the Atomic Energy Commission (AEC)

    Details
    About
    • Governing body of the Department of Atomic Energy (DAE), under the direct charge of the Prime Minister of India.
    • Established on 3 August 1948 under the Department of Scientific Research; reconstituted as “Atomic Energy Commission of India” on 1 March 1954 with enhanced powers and autonomy.
    • First Chairperson: Homi J. Bhabha (1948–1966).
    • Headquartered in Mumbai, Maharashtra.
    Functions
    • Organize research in atomic science and train atomic scientists within the country.
    • Promote nuclear research through its own laboratories and provide financial assistance to autonomous institutes engaged in nuclear research.
    • Undertake prospecting and extraction of atomic minerals for industrial use.
    • Enabled significant achievements, such as India’s first underground nuclear test at Pokhran, Rajasthan on 18 May 1974.
    Structural Mandate
    • Membership includes a Chairperson, scientists, policymakers, and other experts appointed by the government to guide strategic direction and decision-making.
    • Provides recommendations on nuclear energy policies, oversees India’s nuclear energy program, and ensures compliance with safety and regulatory standards.
    • Collaborates with international organizations for peaceful nuclear energy development and security.

    Operates 6 key research centers:

    1. Bhabha Atomic Research Centre (BARC), Mumbai.
    2. Indira Gandhi Centre for Atomic Research (IGCAR), Kalpakkam, Tamil Nadu.
    3. Raja Ramanna Centre for Advanced Technology (RRCAT), Indore, Madhya Pradesh.
    4. Variable Energy Cyclotron Centre (VECC), Kolkata, West Bengal.
    5. Atomic Minerals Directorate for Exploration and Research (AMD), Hyderabad, Telangana.
    6. Global Centre for Nuclear Energy Partnership (GCNEP), Bahadurgarh, Haryana.

     

    PYQ:

    [2018] With growing energy needs should India keep on expanding its nuclear energy programme? Discuss the facts and fears associated with nuclear energy.

  • [pib] Bharat Cleantech Manufacturing Platform

    Why in the News?

    Union Minister of Commerce & Industry has unveiled the Bharat Cleantech Manufacturing Platform at the Bharat Climate Forum 2025 in New Delhi.

    What is the Bharat Cleantech Manufacturing Platform?

    • It is an initiative aimed at strengthening cleantech value chains in sectors such as solar, wind, hydrogen, and battery storage.
    • It aims to position India as a global leader in sustainability and cleantech manufacturing, creating a compelling business case for international investors.
    • Key features include:
      • Provides a platform for manufacturing scale-up and knowledge sharing.
      • Aims to make India a compelling business destination for cleantech investors.
      • Supports India’s target of 500 GW of clean energy capacity by 2030.

    About the Bharat Climate Forum 2025

    • The Forum was organized in New Delhi as a platform for policymakers, industry leaders, and stakeholders to discuss climate action and clean energy solutions.
    • The forum aims to align India’s clean energy initiatives with global climate goals, particularly under the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement.
    • A key focus of the forum was the launch of the Bharat Cleantech Manufacturing Platform, designed to promote sustainable development and clean energy adoption in India.
    • Discussions emphasized India’s commitment to achieving 500 GW of clean energy capacity by 2030 and highlighted the progress India has made in meeting its Nationally Determined Contributions (NDCs).
    • The forum celebrated India’s early achievement of its 2022 renewable energy targets, with renewable energy capacity reaching 200 GW eight years ahead of schedule.
    • The event focused on the 3S principles—Speed, Scale, and Skill—as cornerstones of India’s renewable energy program, ensuring swift implementation, large-scale adoption, and skill development.

     

    PYQ:

    [2020] Describe the benefits of deriving electric energy from sunlight in contrast to conventional energy generation. What are the initiatives offered by our government for this purpose? 

  • National River Traffic and Navigation System (NRT&NS) is launched

    Why in the News?

    The Inland Waterways Authority of India (IWAI) under the Ministry of Ports, Shipping & Waterways (MoPSW), has introduced the National River Traffic and Navigation System (NRT&NS), a landmark initiative aimed at ensuring safe, efficient, and sustainable navigation along India’s inland waterways.

    About National River Traffic and Navigation System (NRT&NS)

    • The NRT&NS aims to modernize and enhance the safety, efficiency, and sustainability of inland water transport.
    • It leverages real-time data and technology to optimize navigation on India’s National Waterways, supporting eco-friendly and cost-effective transport for goods and passengers.
    • Key Features:
      • Real-time monitoring using GPS and GIS for safe vessel navigation.
      • Centralized traffic control centers for efficient operations.
      • Digital platforms for route planning, cargo tracking, and alerts.
      • Integrated infrastructure to streamline operations and reduce delays.
      • Focus on sustainability, economic growth, and capacity building in the inland water transport sector.
    • The system is being deployed across India’s National Waterways, including:
      • NW 1 (River Ganga): Key cargo routes from Haldia to Varanasi.
      • NW 2 (River Brahmaputra): Major transport corridor in the Northeast.
      • NW 3 (West Coast Canal, Champakara Canal, and Udyogmandal Canal), NW 4 (Krishna and Godavari), and NW 5 (Mahanadi rivers and its tributaries): Supporting regional trade and tourism.

    Status of Inland Waterways in India

    • India has a vast network of 14,500 km of navigable waterways, including 111 declared National Waterways (NWs) under the National Waterways Act, 2016.
    • Key Highlights:
      • Increase in Operational Waterways: The number of operational NWs has increased by 767% since 2014.
      • Cargo Traffic Growth: Cargo traffic rose from 18 million tonnes in 2013-14 to 133 million tonnes in 2023-24, achieving a CAGR of over 22%.
      • Infrastructure Investments: Investments in NW development increased by 233% post-2014, supported by projects like:
        • Jal Marg Vikas Project (JMVP): Focused on NW 1 (Ganga).
        • Arth Ganga: Empowering local communities through economic activities along NW 1.
      • Tourism Growth: River cruise tourism expanded significantly, with 25 cruise vessels operational in 2023-24, up from 3 in 2013-14.
      • Challenges: Despite this, the share of IWT in India’s overall transport mix remains relatively low compared to global standards.

    PYQ:

    [2016] Enumerate the problems and prospects of inland water transport in India.