economy

Ports and Shipping Industry in India

Ports and Shipping Industry in India Ports and Shipping Industry in India is surging ahead, riding on the waves of economic progress. With a coastline stretching over 7,500 kilometers and more than 200 ports, India holds a strategic position in...

Spices Sector in India, List of Indian Spices, History and Government Initiative

Spices Sector in India The spices sector in India stands as a testament to the country's rich cultural heritage and economic resilience. From ancient civilizations to modern times, spices have been integral to India's identity, shaping its culinary traditions and...

Direct Benefit Transfer Scheme, Benefits, Pros and Cons

Direct Benefit Transfer (DBT), introduced by the Government of India in 2013, revolutionizes welfare delivery. Streamlining fund transfers and enhancing transparency, DBT aims to directly empower beneficiaries while curbing fraudulent practices. Direct Benefit Transfer (DBT) Direct Benefit Transfer (DBT) is...

Fair and Remunerative Price (FRP), Factors, Implications

Fair and Remunerative Price (FRP) The recent issuance of a government resolution by the Maharashtra Government regarding sugar payment methods has sparked debates and protests among farmers in the state. The resolution proposes changes in the Fair and Remunerative Price...

100% FDI in Space Sector and its Benefits

Context: The Union Cabinet amendment to the existing Foreign Direct Investment (FDI) policy allowed 100% FDI in the space sector without prior approval. More In News Foreign firms planning to build satellites in India would not require government approval up...

Crop Diversification and its Benefits

Context: The Indian government is encouraging crop diversification among farmers to reduce reliance on traditional crops and bolster sustainability and economic viability. About Crop Diversification Crop diversification refers to the practice of growing a variety of crops on a farm...

Development of Tourism in India, Current Landscape, Government Initiatives

Development of Tourism in India Tourism in India holds immense potential as a significant contributor to the country's economy, despite facing various challenges. With its rich cultural heritage, diverse landscapes, and historical monuments, India has always been a magnet for...

Farmers Protest 2.0, Background, Key Demands and Government Response

The 2024 Indian farmers' protest, which commenced on February 13, 2024, marks a significant resurgence of farmer agitation in India, echoing the sentiments and demands of the 2020–2021 protests. The protest, primarily led by the Samyukt Kisan Morcha and the...

WTO – Farm Subsidies, History, Types, Implications and Significance

WTO - Farm Subsidies The World Trade Organization (WTO) plays a crucial role in governing international trade relations, including the highly contentious issue of farm subsidies. Farm subsidies are financial assistance provided by governments to agricultural producers to stabilize prices,...

The Great Depression of 1929,Significant Economic Downturns in Modern History

The Great Depression of 1929 The Great Depression of 1929 stands as one of the most significant economic downturns in modern history, profoundly impacting the global economy and reshaping socio-political landscapes. Beginning with the stock market crash of October 29,...