The Union Cabinet has approved the Agriculture Export Policy in December 2018. The policy would support the government in reaching the target of doubling farmers income by 2022. The aim of the policy is to utilize the export potential of Indian agriculture, by means of appropriate policy instruments and make …
In 2013, Chinese President Xi Jinping launched China’s most ambitious project One Belt One Road (OBOR) which involves the building of two projects namely – Silk Road Economic Belt (SREB) and a 21st Century Maritime Silk Road (MSR). OBOR later came to be known as Belt and Road Initiative (BRI). BRI is arguably the most ambitious global infrastructure project ever envisaged by one country. However, is this merely an economic project? or a geopolitical one of China? Will India get any benefit by joining this project or not? Let us discuss those issues in detail.
Prime Minister Narendra Modi has launched Micro, Small and Medium Enterprises (MSME) Support and Outreach Programme that has 12 key initiatives including a 59-minute loan portal for sanction of up to Rs 1 crore for small and medium enterprises. These initiatives will help in the growth, expansion, and facilitation of MSMEs across the country.
The Interim Budget 2019-20 placed a strong focus on the rural and farm sectors by introducing Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), guaranteeing direct income support to farmers. This development has renewed the debate on the idea of a Universal Basic Income (UBI).
Sikkim is set to become the first state in India to launch Universal Basic Income (UBI). The idea of universal basic income has gained popularity in the western nations due to the threat of automation-induced job losses. In India, the idea gained ground due to the chronic poverty & inequality and the government’s failure to provide subsidies effectively to poor people. Moreover, the persistent farm distress and poor wage growth across occupations also highlight the need for an income support scheme in India.
The Ministry of Environment, Forest and Climate Change (MoEF&CC) has released the first draft of the comprehensive amendments to the Indian Forest Act, 1927 (IFA). However, the amendments have been criticized as an attempt by the central government to grab natural resources owned by tribals for generations.
The government under the prime ministership of Narendra Modi on November 8, 2016, had announced that the largest denomination of Rs 500 and Rs 1000 were demonetised with immediate effect ceasing to be a legal tender. This move led to widespread impacts across all the sectors of the economy. In a recent report by Azim Premji University, around 50 lakh people lost their jobs since demonetization was launched in November 2016. This report on jobs has come at a time when employment is one of the biggest issues in the Lok Sabha elections.
The government has set the target of achieving 100% Electric vehicles by 2030. Manufacturing and putting the electric cars on road is the vision to make India pollution free along with saving billions of dollars in fuel cost and creating new job opportunities. However, there are also criticisms that India is not yet ready for electric vehicles which we will discuss in this article with a suitable way forward.