Context: The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for the pharmaceuticals and IT hardware sectors. It has an outlay of ₹15,000 crore and ₹7,350 crore, respectively. Production Linked Incentive (PLI) Scheme Under the new PLI scheme, companies that set up new mobile and specified equi... .Read more
Updated on 25 February, 2021 GS3 Economy
Context: According to a new report by BloombergNEF (an international energy research organisation), India added just 1.1 gigawatt of onshore wind power projects in 2020, lowest in a decade. More on the news: The report titled India’s Top Wind Suppliers in 2020 attributed the slow growth to the novel coronavirus disease (COVID-19) pandemi... .Read more
Context: In 2019, that is two years ago the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme was launched with an aim to ensure a life of dignity as well as prosperity for hard working Indian farmers. About PM-KISAN: Central Sector scheme: With 100% funding from the Government of India, the scheme is effective from 1.12.2019. Income support: Un... .Read more
Context: The Central government unveiled the Animal Husbandry Infrastructure Development Fund (AHIDF) . This is the first major fund launched by the government that includes a diverse set of stakeholders such as FPOs, private dairy players, individual entrepreneurs, and non-profits within its ambit. About Animal Husbandry Infrastructure Developmen... .Read more
Updated on 23 February, 2021 GS3 Economy
Context: Recently, the Ministry of Earth Sciences (MoES) has released the Draft Blue Economy policy for India in the public domain inviting suggestions and inputs from various stakeholders. More on the news: The draft blue economy policy document outlines the vision and strategy that can be adopted by the Government of India to utilize the plethora ... .Read more
Updated on 19 February, 2021 GS3 Economy
Context: India has recently announced a National Hydrogen Mission. More on the news: The proposal in the Budget will be followed up with a mission draft - a roadmap for using hydrogen as an energy source. A slow mover in electric vehicle (EV) technologies, India has made an early entry in the race to tap the energy potential of the most abundant e... .Read more
Updated on 18 February, 2021 GS3 Economy
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