daily news analysis | Economic Issues

India's stock market

India overtakes Hong Kong to become 4th-largest stock market recently. India's stock market capitalization crossed USD 4 trillion for the first time, with about half of that reportedly coming in the past 4 years. The top 3 stock markets are the U.S., China, and Japan.

06 February, 2024 Stock market
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Pradhan Mantri Suryodaya Yojana

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New and Renewable Energy (MNRE), solar power installed capacity in India has reached around 73.31 GW as of 2023. Solar power has the major share in the

06 February, 2024 Energy
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National Multidimensional Poverty Index

Over 24.8 crore people moved out of poverty in India in nine years: NITI report. The Index Released by - Niti Aayog, which is the nodal agency to release Multidimensional Poverty (MDP) report for States and Union Territories. Purpose - Plays a role in assessing advancements towards Sustainable Development Goals (SDGs) 1.2. SDG 1.2. - By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensi

04 February, 2024 Poverty
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SIGHT Program

Rs 17,490 crore has been set aside for the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, to bolster domestic electrolyser manufacturing, green hydrogen production. About Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme It is a subcomponent of National Green Hydrogen Mission. Aim: To bolster domestic electrolyser manufacturing and green hydrogen production. In the initial stage, two distinct financial incentive mechan

03 February, 2024 Energy
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Ministry of Finance Year Ender 2023: Dep. of Economic

The Year 2023 marks the beginning of ‘Amrit Kaal’ - the 25-year period beginning from the 75th anniversary of its independence on 15th August 2022, leading up to the centenary of its Independence, towards a futuristic, prosperous, inclusive and developed society, distinguished by a human-centric approach at its core. India continues to be one of the fastest-growing economies of the world. The country's second quarter growth, 7.6 per cent, has been then highest in the worl

01 February, 2024 Government policies and interventions
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Serious Fraud Investigation Office (SFIO)

The Supreme Court, while dismissing a petition for quashing a complaint filed by the Serious Fraud Investigation Office (SFIO), has left a crucial question of law open i.e., whether SFIO are police officer(s) under the Code of Criminal Procedure, 1973. Serious Fraud Investigation Office (SFIO) It is a corporate fraud investigating agency set up by the Government of India. The SFIO was established on 21st July, 2015, and operates under the Ministry of Corporate Affairs.

30 January, 2024 Regulatory authorities
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Minimum Support Price (MSP)

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP). At present, the Central Government sets MSP for 23 crops. These include: 7 cereals (bajra, wheat, mai

29 January, 2024 Agriculture
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Windfall tax – Petroleum

India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification. Windfall Tax It is a tax levied by governments against certain industries when economic conditions allow those industries to experience significantly above-average profits. The term “windfall” refers to an unexpected rise in profits, and the tax on windfall gains is known as the windfall tax.

22 January, 2024 Tax
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Punganur cows

Standing at just around 70-90 cm tall and weighing less than 200 kg, it is among the world’s most dwarf cattle breeds. It is native to Punganur village in the Chittoor district of Andhra Pradesh. It has high resilience to drought and can adapt to low-quality feed. It is also prized for its milk, which boasts a higher fat content, making it ideal for producing ghee. A Punganur cow can give around 1 to 3 litres a day

20 January, 2024 Animal Husbandry
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“PM-eBus Sewa”

Cabinet approves “PM-eBus Sewa” for augmenting city bus operations; priority to cities having no organized bus service 10,000 e-Buses to be deployed on PPP model in 169 cities; Infrastructure to be upgraded in 181 cities under Green Urban Mobility Initiatives Total estimated cost of the scheme to be Rs.57,613 crore Expected direct employment generation over 45,000 PM-eBus Sewa Scheme Under the PM-eBus Sewa Scheme, 10,000 e-buses will be deployed across cities