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Economy

11th November – Purchasing Managers’ Index

Purchasing Managers’ Index With India’s PMI for manufacturing, at 58.9 in October, recording the strongest growth in 13 years, and that for services expanding for the first time in eight months, there is a spring in policymakers’ step. They would like to point out that their fiscal and monetary responses for COVID times are yielding …

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counter-cyclical capital buffer

11th April – Counter-cyclical Capital Buffer

Counter-cyclical Capital Buffer What is Counter-cyclical Capital Buffer? Following Basel-III norms, central banks specify certain capital adequacy norms for banks in a country. The CCCB is a part of such norms and is calculated as a fixed percentage of a bank’s risk-weighted loan book. How is it different from capital adequacy ratios? One key respect …

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India’s First TISC in Punjab | PIB Summary

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, signed an Institutional agreement with the Punjab State Council of Science and Technology in New Delhi today to establish India’s first Technology and Innovation Support Centre (TISC) at Patent Information Centre, Punjab, under the World Intellectual Property Organization’s (WIPO) …

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Creative India Innovative India Scheme

Taking forward the National Intellectual Property Rights (IPR) Policy 2016, a Scheme for IPR Awareness – Creative India Innovative India was launched by Cell for IPR Promotion and Management (CIPAM) under the aegis of the Department of Industrial Policy and Promotion. Creative India Innovative India | Details The Scheme aims at raising IPR awareness amongst students, …

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National Biopharma Mission

The first ever Industry-Academia mission to accelerate biopharmaceutical development in India will be formally launched in New Delhi on 30th June 2017. Details | Biopharma The program named Innovate in India (i3) will witness an investment of USD 250 million with USD 125 million as a loan from World Bank and is anticipated to be a game changer for …

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Disinvestment of Air India CPSE

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to fourth tranche recommendations of NITI Aayog on strategic disinvestment of CPSE (strategic disinvestment of Air India and five of its subsidiaries) based on the recommendations of Core Group of Secretaries on Disinvestment (CGD). Highlights ‘In principle’ …

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'Make In India' In Government Procurement

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a policy for providing preference to ‘Make in India’ in government procurements. Significance The new policy will give a substantial boost to domestic manufacturing and service provision, thereby creating employment. It will also stimulate the flow of capital and technology into domestic …

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