Reading Time: 8 mins 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.
Reading Time: 6 mins On December 13, 2019, the Ministry of Social Justice and Empowerment had announced its intention to extend the deadline of the Accessible India Campaign to March 2020 due to its slow progress. The Central Advisory Board (CAB) chaired by social justice and empowerment minister took this decision. Failure to provide for the accessibility to persons with disability is showing the government’s negligence to provide for the inclusive growth and equal opportunity to all of the Indian citizens.
Reading Time: 4 mins Prime Minister Narendra Modi had recently launched Atal Bhujal Yojana (ABY) to promote sustainable management of groundwater resources in India. This scheme was launched on the 95th birth anniversary of former Prime Minister Atal Bihari Vajpayee.
Reading Time: 6 mins The Union Budget allotted over Rs.80,000 crore for the up-gradation of 1.25 lakh km roads under the phase III of the PMGSY. This government initiative has greatly enhanced India’s rural population’s standard of living and is one of the significant steps towards inclusive economic growth. Not only is this scheme intending to promote inclusive growth but is also taking into account the need for sustainability of the environment by making use of green technology while constructing the road. Under the first two phases of PMGSY, a total of 1.25 lakh km of rural roads have been built across various villages in the country. The government has set a target to construct 7, 000 km of roads under this initiative during 2019-20. This scheme as a whole, until now, has brought in a significant improvement in ease of living for India’s very large rural population.
Reading Time: 8 mins Housing is one of the basic requirements of human survival. Normal citizen owning a house provides significant economic and social security status in society. For a shelter-less person, a house with basic necessity brings about a profound change in his existence, endowing him with an identity, thus integrating him with his immediate social milieu. With this in mind, the government had launched Pradhan Mantri Awas Yojana in 2015 to provide housing for all by 2022. Numerous challenges are faced by the government while undertaking this momentous scheme. These need to be addressed for this vision to be implemented within the deadline.
Reading Time: 5 mins Updates* What is MSME? MSME Development (MSMED) Act, 2006 classifies MSMEs based on the Investment in plant and machinery for manufacturing units Investment in equipment for service enterprises. But in February 2018, the Union Cabinet approved the amendment to MSMED Act, 2006 for classifying MSMEs from current investment in plant and machinery criteria to annual …
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The Ministry of New and Renewable Energy (MNRE) had launched a massive solar-pump programme called PM-KUSUM in February this year. This scheme, though well-intended, has numerous drawbacks and is in need of reforms for it to be successful in the long run.
Reading Time: 4 mins According to the 15th Finance Commission, several Centrally Sponsored Schemes are just boutique in nature with ‘dubious’ outcomes. It had called for an urgent rationalisation of the CSSs. What is a Centrally Sponsored Scheme? Centrally Sponsored Schemes are schemes that are implemented by the State Governments but are largely funded by the Central Government with …