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Renewable Energy Parks to be set up in India
On April 18, 2020, the Ministry of Renewable Energy has initiated big action to set up Renewable Manufacturing parks in India. Highlights The Ministry of Renewable Energy initiated manufacturing hubs to meet domestic and global demands. In order to achieve ..
Month: Current Affairs - April, 2020
RBI launches OBICUS
On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March. Highlights The Capacity Utilisation declined to 68.6% from 69.1%. What is OBICUS ..
Month: Current Affairs - April, 2020
Unemployment Rate in India has increased to 23% due to Lock Down
The Centre for Monitoring Indian Economy (CMIE) recently released a survey on the current unemployment situation in India. According to the survey, more than 20% of Indian Economy has lost their jobs since the lock down. Highlights The report said ..
Month: Current Affairs - April, 2020
GOI: Draft New Industrial Policy and National E-Commerce Policy to be released soon
On March 18, 2020 the Ministry of Commerce and Industry announced in the parliament that New Industrial Policy and National E-Commerce Policy are to be released soon. The policies are to be framed by the Department of Promotion of Industry ..
Month: Current Affairs - March, 2020
GDP at 4.5% in Second Quarter(July-September), Lowest in 25 Quarters
The Gross Domestic Product(GDP) of India has now been declining for five straight quarters in a row, falling by 0.5 percent from the first quarter of 2019-20 to 4.5 percent in the second quarter, registering the slowest and lowest growth ..
Manufacturing Sector PMI Rises
The Nikkei India Manufacturing Purchasing Managers Index (PMI), improved to 52.7 in May from 51.8 in April. It was the strongest improvement in the health of the sector in three months. Purchasing Managers Index The Purchasing Managers’ Index (PMI) presents ..
Fact-Sheet: The Evolving Relationship between Indian Capitalism and the Sensex
The recurrent stir in the Sensex or the Sensitivity Index is a shred of evidence to the aggressive and versatile nature of the Indian economy. One hundred years ago the Indian equity market was in a mess due to the ..
Month: Current Affairs - May, 2019
Monster Salary Index Report
The Monster Salary Index report has highlighted the following findings: The gender pay gap is still high in India and women in the country earn 19 per cent less than men. Wage inequalities in favour of men are present in all ..