Reading Time:11mins The power sector in India, like many other sectors in the Indian economy, is presently facing numerous issues. At least three indicators of the health of India’s power sector, demand, supply or generation and capacity utilisation of power plants are painting worrisome picture fuelled by the broader on-going economic slowdown and the continued deterioration in the financial health of discoms. Government measures have mostly focused on short-term problems without addressing the core issues and their causes. A comprehensive strategy to promote the growth and development of this sector is a need of the hour.
The department of animal husbandry and dairying released the 20th livestock census in October 2019.
What is livestock-
Domestication of animals raised in an agricultural setting to gain labour and products such as meat, eggs, milk, fur, etc.
Livestock rearing, Dairying, Fisheries activities, along with agriculture, are an integral part of human life since the start of civilization. These activities have helped to improve the food basket and to gain draught animal power. As a result of conducive climate and topography, Animal Husbandry, Dairying and Fisheries Sectors have played a prominent socio-economic role in India.
They play a significant role in generating employment in the rural sector, mainly among the landless, small and marginal farmers and women, apart from providing cheap and nutritious food to millions. They act as the ‘‘bank on hooves’’.
Reading Time:4mins FASTag is made mandatory for all vehicles, private and commercial, from January 15, 2020. According to the FASTag transactions data released on January 1, 2020, by National Payments Corporation of India, about 6.4 crore FASTag transactions, worth Rs.1,256 crore, were processed in December against 3.4 crore transactions worth Rs.774 crore in November. Paytm Payments Bank issued over 40% of all FASTags in December. Currently, the government is taking the necessary steps to promote it.
Reading Time:5mins Horticulture is the branch of agriculture. It is art, science. technology and business of plant cultivation. It includes the cultivation of fruits. vegetables, nuts, seeds, herbs, sprouts, mushrooms, flowers, seaweeds and non-food crops for instance grass and ornamental trees and plants and plant conservation, maintenance, and arboriculture.
Reading Time:5mins India recently held the second assembly of the International Solar Alliance (ISA) in October 2019. India is the current president of the ISA and France is the co-president.
International Solar Alliance represents India’s continuing efforts towards fighting Global warming and climate change. As the world still deliberates over the possible mechanisms to counter the impacts of climate change, The ISA is an action-oriented, sustainable model to balance the needs of developing countries and environmental efforts. It is the first organization working in the renewable energy sectors focusing solely on solar energy.
Reading Time:4mins Government e-Marketplace (GeM), launched in August 2016 by the commerce Ministry is a one-stop portal to facilitate online procurement of Goods & Services which are in common use by various Government Departments / Organizations / PSUs. Its objective is to create an open and transparent procurement platform for government departments.
In the recent Union Budget, the Finance Minister informed that the GeM has clocked the transaction of Rs 40,000 crore. The minister in her 2020-21 Budget speech said that the government aspires to increase the turnover of the GeM portal to Rs 3 lakh crore.
Reading Time:8mins Startups are a vital part of the Indian economy as they promote economic growth, create employment and foster a culture of innovation. The Indian government launched the Startup India Campaign, recognising entrepreneurship as an increasingly important strategy to fuel productivity growth and wealth creation in India. During the Union Budget 2020, the Finance Minister gave high emphasis on measures taken to promote and support startups as they are going to the driver of the Indian economy in the near future. From infrastructure boost to easing tax burdens, the budget has proposed numerous benefits for the startups. The recent economic survey pointed out an increase in startups in India. However, many are opting to register overseas due to complicated compliance norms and loss-inflicting laws. Necessary reforms to ensure ease of doing business for the startups is vital for the success of the startup India initiative.