Economic Updates: CPI-IW base year revised to 2016

Consumer Price Index for Industrial WorkersApprox Read Time: 3 minutes In News: The Labour and Employment Ministry has revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016, and made changes in the index to reflect the changing consumption patterns.   News Summary: The Labour and Employment Ministry has revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from…

0 Comments

50% of seats vacant, no new engineering colleges for 2 years: AICTE

Insufficient Engineering JobsApprox Read Time: 3 minutes  In News: In light of 50% seats remaining vacant in many institutes, the All India Council for Technical Education (AICTE) has barred opening of new engineering colleges for the next 2 years. News Summary: Insufficient Engineering Jobs Recommendations of AICTE The All India Council for Technical Education will not accept any fresh applications for setting up new institutes till 2022. AICTE has also…

0 Comments

Editorial Analysis: Low food inflation must continue to be a key policy goal in India

Low food inflation - ThalinomicsApprox Read Time: 5 minutes  Economic Survey on importance of low food inflation: This year’s Economic Survey analyses the impact of low food inflation on food consumers. The chapter on Thalinomics (thali economics) estimates that an average household of five individuals eating two thalis saved Rs 11,000-Rs 12,000 a year due to the drop in food inflation after 2016. The Survey also shows the improving affordability…

0 Comments

Economic Bytes: IMF lowers India’s growth forecast to 4.8%

World Economic Outlook reportsApprox Read Time: 3 minutes In News: The International Monetary Fund (IMF) has recently released its World Economic Outlook reports which prospects lowered growth estimate for India to 4.8% for 2019, from the 6.1% expansion it projected in October 2019. News Summary: IMF Projections on India's Economic Growth: IMF further expects growth for India to improve to 5.8% in 2020 and rise to 6.5% in 2021 supported…

0 Comments

Economy Revival: (National Infrastructure Pipeline)

Published on 11-Sept-2019 - National Infrastructure Pipeline National Infrastructure Pipeline of Rs.100 Lakh Crore from FY 2019-20 to FY 2024-25 Approx Read Time: 7 minutes In News: Central government constituted a task force for drawing up a roadmap for ‘National Infrastructure Pipeline’ (NIP) of Rs.100 lakh crore from the financial year 2019-20 to 2024-25. The announcement came in wake of a slowdown in economic growth which slowed to a six-year…

0 Comments

Economy Issues: (Reviving Economy)

Published on 31-Aug-2019 - Reviving Economy Reviving the Economic slowdown (Reviving Economy)Approx Read Time: 4 minutes Recently, FDI norms had been eased more by the central government to have increased investments in the various sectors to revive and boost the economy. On 30 August, Finance Minister N. Sitharaman announced the merger of 10 PSBs (Public Sector Banks) into 4 big entities. The number of banks which were 27 in number…

0 Comments

GI Tag

Published on 22-Aug-2019 - The GI Tag GI Tag for 4 new products: Approx Read Time: 3 minutes Geographical Indication (GI) is an indication used on products that have a specific geographical origin and possess qualities or a reputation due to that origin.It conveys an assurance of quality and distinctiveness essentially attributable to its origin in the defined geographical locality. GI under Department for Promotion of Industry and Internal Trade…

0 Comments