Tag: ECONOMY

Tourism & Hospitality Skill Council (THSC), under the Ministry of Skill Development and Entrepreneurship (MSDE), has signed a Memorandum of Understanding (MoU) with Visa, a global leader in digital payments. The three-year partnership, which is valued at up to $1 million, aims to upskill at least 20,000 Indian youth in tourism-relevant skills. It is set … Continue reading Tourism & Hospitality Skill Council ties with Visa

Damu’s Heritage Dine, a fine-dining venture set up in a centuries-old Monpa home in Chug Valley, has won the prestigious International Responsible Tourism Award-2024 for “employing and upskilling local communities.” This venture is part of WWF India’s broader conservation efforts in western Arunachal, aimed at preserving traditional Monpa architecture and cuisine while supporting local livelihoods. … Continue reading Damu’s Heritage Dine

1. Ethical Hacking: Many multinationals employ ethical hackers to protect the organisation’s sensitive and confidential information. While business today is going digital with limitless access to anyone who wishes harm, more data guardians need to hold the fort, or, you know, a server. 2- E-Retail: Flipkart and Amazon have changed the way we shop. E-retailers … Continue reading New-age career Options

After Brexit and the COVID pandemic, the British economy is facing its worst phase. Prices of food and essential items, besides increasing transport costs, have been pinching the public for the last two years. In this background, the UK announced its new DCTS plan to reboot its economy. It’s been three years since the UK … Continue reading British economy

Used engine oil that is drained out after every oil change in a vehicle is a hazardous waste, but non-adherence to pollution norms at service stations for its disposal has aggravated air and water pollution in India. In most roadside service stations in the informal sector, used oil is dumped onto drains, which find their … Continue reading Circular economy solutions to environmental pollution

What is Impossible trinity? The trilemma has come under focus recently as the U.S. Federal Reserve has been raising interest rates to fight rising prices. The impossible trinity, or the trilemma, refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital … Continue reading Impossible trinity

The 6th edition of Asia’s largest telecom festival, India Mobile Congress 2022 concluded with grand success.About India Mobile CongressIMC is considered the largest Digital Technology Forum in Asia for bringing together the industry, Government, academia, and other ecosystem players to discuss the latest industry technology trends around major themes such as SG, Artificial Intelligence (Al), … Continue reading Mobile Congress 2022

Prime Minister Narendra Modi laid the foundation stone for the “world’s first CNG (Compressed Natural Gas) terminal” at Bhavnagar in Gujarat. Why Bhavnagar? The Bhavnagar port is in close vicinity to the Dholera Special Investment Region (SIR) and is expected to serve the industries that set up base in the region.It is already connected to … Continue reading CNG terminal

Niti Aayog will bring out a policy for trading in Water on commodity exchange in India, similar to Gold, Silver and Oil. It aims to ensure better price discovery of water, efficient use and more investment into water resources. What is Water Trading? Water trading is the process of buying and selling water access entitlements, also … Continue reading Water trading

Department of Public Enterprises, under the Ministry of Finance has recently accorded the status of a ‘Maharatna’ Central Public Sector Enterprise to REC, thus giving REC greater operational and financial autonomy.  What is ‘Maharatna’ status? “Maharatna” status is granted to a company which has recorded more than Rs. 5,000 crore of net profit for three … Continue reading Maharatna status to REC

Agricultural and Processed Food Products Export Authority (APEDA) has facilitated the export of the first consignment of plant-based meat products under the Vegan food category from Gujarat to the United States of America (USA). What are Plant Based meat products? Plant-based meat is basically meat derived from plants. It is manufactured to taste, look, and … Continue reading Plant based meat

The Prime Minister of India has launched the National Logistics Policy (NLP) recently. Key highlights of the policy- It aims at bringing down logistics cost in India and increasing the country’s trade competitiveness by enabling seamless movement of goods and building a unified digital interface. Under this policy, Unified Logistics Interface Platform (ULIP) will bring all the digital services related to the … Continue reading National logistics policy

U.S. Treasury Secretary Janet Yellen has reiterated the need for the United States and its trusted trading partners to boost supply chain resilience through "friend-shoring," but said this does not mean the U.S. is retreating from the rest of world. The term draws on the concepts of "onshoring" and "nearshoring," which refer to the transferring … Continue reading Friendshoring

The Department of Pharmaceuticals has given ‘in-principle’ approval to the proposals of the three states —Himachal Pradesh, Gujarat and Andhra Pradesh—under the Scheme for ‘Promotion of Bulk Drug Parks’, an initiative to support drugs manufacturing in the country. The scheme, notified in 2020 has a financial outlay of Rs 3,000 crores. It aims to provide … Continue reading Bulk drug park

The Union Minister for Commerce and Industry has called for the integration of One District One Product (ODOP) initiative with Open Network for Digital Commerce (ONDC). What is One District One Product (ODOP) Initiative?One District One Product (ODOP) Initiative is aimed at manifesting the vision of the Prime Minister of India to foster balanced regional … Continue reading One district one product

Ministry of Communication had previously invited applications under DLI ( Design linked incentive) as a part of the Production linked Incentive Scheme (PLI) Difference between DLI (launched 2022) and PLI DLI will offer a 1% additional incentive over the PLI scheme. Telcom equipment makers who use at least 50% Made in India components will be … Continue reading DLI