Fuel pricing policy in India: India’s fuel pricing regime has evolved over the years. In 1995-96, the government thought of moving from an administered price mechanism on a cost-plus basis to market-determined consumer prices for petrol, diesel and other fuels. Based on the Nirmal Singh Committee recommendations full dismantling of oil prices was announced in 2002. As …
India’s Fuel Pricing Policy : Analysis – UPSC GS3 Read More »
Startup India: Startup India is the government of India’s flagship initiative started in 2016. It aims to create a strong ecosystem for nurturing innovation and startups in the country, resulting in long-term economic growth and large-scale job creation. Positive Outcomes of Startup India: Addressing regional entrepreneurial disparities Startup India was created with the goal of …
Context: Supreme Court in a judgement held that a state legislature has the right to impose tax on lotteries conducted by other States within its jurisdiction. Case: The judgement came on appeals filed by the Karnataka and Kerala governments against the decisions of their respective High Courts to quash laws enacted by their legislatures to tax lotteries organised and …
Status of Indian Civil Aviation Industry: Aviation Sector: India’s Civil Aviation is among the fastest-growing aviation markets globally and will be a major growth engine to make India a USD 5 trillion economy by 2024. Passenger Traffic: 3rd largest aviation market by domestic air passenger traffic which stood at 274.05 million in FY20. It grew at a Compound Annual …
Airways : Status of Civil Aviation in India – UPSC GS3 Read More »
Context: Government approved the creation of the National Land Monetisation Corporation (NLMC) to carry out monetisation of government land holdings. What is Monetisation of Assets? Asset monetisation is the process of creating new sources of revenue for the government and its entities by unlocking the economic value of unutilised or underutilized public assets. How does …
National Land Monetisation Corporation : Why needed and its benefits – UPSC GS3 Read More »
Indian labour laws do not expressly provide for unemployment benefits. But various schemes and acts have provisions for unemployment benefits. Rajiv Gandhi Shramik Kalyan Yojana: The Rajiv Gandhi Shramik Kalyan Yojana (RGSKY) provides unemployment allowance to involuntarily unemployed insured persons who have made contributions for two years to Employees’ State Insurance. The scheme is designed under the Employees’ …
Unemployment benefits in India : Analysis – UPSC GS3 Read More »
Market trends in South Asian countries: India India constitutes around 4% of the $840 billion textile and apparel market worldwide. India is the fifth largest exporter in the textile market. (Top 4 – China, Germany, Bangladesh, Vietnam) With the successful implementation of the Technical Upgradation Fund Scheme (TUFS), India has developed backward links in the cotton and …
Textile Sector : Changes in South Asia – UPSC GS3 Read More »
National Pharmaceutical Pricing Authority (NPPA): NPPA was established in 1997 as an office under the Ministry of Chemicals and Fertilizers. It is responsible for regulating the prices of drugs in the country and ensuring their availability, accessibility and affordability to every citizen of the country. Its key function is to implement and enforce the provisions …
What is the Scenario of Tourism in India? India attracted a lot of travellers in the past due to its fabled wealth. Visit of Hieun-tsang, a devout Chinese Buddhist is an example of this. Pilgrim Travel got a boost when Emperors like Ashoka and Harsha started building rest houses for pilgrims. Arthashastra’ pointing out the importance of the travel …
Context: Government has prepared the Draft National Tourism Policy focusing on Green, and digital tourism. What are the Key Points of the Draft Policy? Industry Status to Sector: To promote investment in the tourism sector, the document mentions granting of industry status to the sector, along with formally granting infrastructure status to hotels. Five Key Areas: Five key areas …