Context: Government has set a deadline for mandatory implementation of the Good Manufacturing Practices (GMP) following the incidents of deaths allegedly linked to “contaminated” India-manufactured drugs. Global Issues Data on Regulation of Drug Mfg. Companies Provisions for Regulations of Drug Mfg. Companies Issues with […]
About the PLI Scheme Key Features of PLI Scheme Significance of this Scheme Potential Issues with the Scheme Way Forward Conclusion
Context: Rajasthan government has recently announced the Rajasthan Platform-based Gig Workers (Registration and Welfare) Bill, 2023, which has stringent provisions against errant aggregators as well as various welfare policies. Gig workers Code on Social Security 2020 defines a gig worker as “a person who […]
Context: Recently, the Logistics Performance Index 2023 was released by the World Bank. India’s ranking on the LPI improved by 6 places to reach 38th place in 2023 edition of LPI as compared to 2018 edition of LPI. About Logistics Performance Index Components of […]
Context: According to the recent ‘Steel Outlook 2023-24’ report released by Deloitte – raw material availability will be the key challenge for the steel industry. Steel Industry India became independent in the middle of 20th century and looked to become self-reliant under its newly […]
Context: Parliament cleared the Competition (Amendment) Bill, 2023, paving the way for the government to enact some significant changes to the country’s antitrust regime, including swifter clearances for mergers and acquisitions (M&As). The Competition (Amendment) Bill, 2023: Key Features Economic Rationale for Competition The […]
Context: The seasonally adjusted PMI reading moved up from 55.3 in February to 56.4 in March, signalling the strongest improvement in operating conditions in 2023 so far. A reading of over 50 on the PMI indicates an uptick in economic activity. About PMI Significance […]
Context: Ministry of MSME has issued guidelines for revamping of Credit Guarantee Scheme for Micro & Small Enterprises with effect from 1st April 2023. CGTMSE created a landmark by touching the milestone approving guarantees worth Rs 1 lakh crore during FY 2022-23. Revamped Credit […]
About Lean Manufacturing: Why the need for such a Scheme? Objective: Scheme Components: Coverage and Eligibility: Financial Assistance for MSME Units: Scheme Levels: MSME Competitive (Lean) Scheme can be attained in THREE Levels after registering and taking the Lean Pledge: