🔆PLI Scheme for White Goods
✅The Union Cabinet chaired by Prime Minister, Shri Narendra Modi had given approval to the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) to be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs 6238 Crore on 7th April 2021.
✅The PLI Scheme on White Goods is designed to create a complete component ecosystem for Air Conditioners and LED Lights Industry in India and make India an integral part of the global supply chains. Domestic Value Addition is expected to grow from the initial level of 15-20% to 75-80%.
#gs3
#economy
#goverment_scheme
✅The Union Cabinet chaired by Prime Minister, Shri Narendra Modi had given approval to the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) to be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs 6238 Crore on 7th April 2021.
✅The PLI Scheme on White Goods is designed to create a complete component ecosystem for Air Conditioners and LED Lights Industry in India and make India an integral part of the global supply chains. Domestic Value Addition is expected to grow from the initial level of 15-20% to 75-80%.
#gs3
#economy
#goverment_scheme
🔆Semiconductors
✅Semiconductors are materials with electrical properties that fall between those of conductors (like metals) and insulators (like rubber).
✅They have a unique ability to conduct electricity under certain conditions while acting as insulators under others.
✅They are sometimes referred to as integrated circuits (ICs) or microchips made from pure elements, typically silicon or germanium.
✅In a process called doping, small amounts of impurities are added to these pure elements, causing large changes in the conductivity of the material.
✅Applications: Semiconductors are used in a vast range of electronic devices.
✅Transistors, which are fundamental components of modern electronic circuits, rely on semiconductor materials.
✅They act as switches or amplifiers in everything from computers to cell phones.
✅Semiconductors are also used in solar cells, LEDs, and integrated circuits.
Semiconductor Market
✅Industry estimates place the Indian semiconductor market at approximately $38 billion in 2023, with projections indicating growth to $109 billion by 2030.
✅This growth is driven by strong demand and government initiatives like the production-linked incentive scheme.
✅According to a report by the India Electronics and Semiconductor Association and Counterpoint Research, mobile handsets and IT sectors are leading the market by contributing over 75 percent of revenues.
#economy
#prelims
#GS3
For more information join
https://t.me/thegameoftoppers
✅Semiconductors are materials with electrical properties that fall between those of conductors (like metals) and insulators (like rubber).
✅They have a unique ability to conduct electricity under certain conditions while acting as insulators under others.
✅They are sometimes referred to as integrated circuits (ICs) or microchips made from pure elements, typically silicon or germanium.
✅In a process called doping, small amounts of impurities are added to these pure elements, causing large changes in the conductivity of the material.
✅Applications: Semiconductors are used in a vast range of electronic devices.
✅Transistors, which are fundamental components of modern electronic circuits, rely on semiconductor materials.
✅They act as switches or amplifiers in everything from computers to cell phones.
✅Semiconductors are also used in solar cells, LEDs, and integrated circuits.
Semiconductor Market
✅Industry estimates place the Indian semiconductor market at approximately $38 billion in 2023, with projections indicating growth to $109 billion by 2030.
✅This growth is driven by strong demand and government initiatives like the production-linked incentive scheme.
✅According to a report by the India Electronics and Semiconductor Association and Counterpoint Research, mobile handsets and IT sectors are leading the market by contributing over 75 percent of revenues.
#economy
#prelims
#GS3
For more information join
https://t.me/thegameoftoppers
🔆Nano Urea:
✅It is a nanotechnology-based revolutionary agri-input that provides nitrogen to plants.
✅It is developed and patented by the Indian Farmers Fertiliser Cooperative Limited (IFFCO).
✅IFFCO Nano Urea is the only nano fertilizer approved by the Government of India and included in the Fertilizer Control Order (FCO).
📍Features:
✅Compared to conventional urea prill, Nano Urea has a desirable particle size of about 20-50 nm, and more surface area (10,000 times over 1 mm urea prill), and number of particles (55,000 nitrogen particles over 1 mm urea prill).
✅It contains 4.0 % total nitrogen (w/v).
📍Benefits:
✅It is produced by an energy-efficient, environment-friendly production process with less carbon footprints.
✅It is more efficient in terms of nutrient uptake and releases nitrogen more slowly.
✅It reduces the amount of nitrogen lost to the atmosphere as greenhouse gases.
✅It is expected to improve crop productivity, soil health, and nutritional quality of produce and address the "imbalanced and excessive use" of conventional fertilizer.
#gs3
#economy
#agriculture
#science_technology
#mains
✅It is a nanotechnology-based revolutionary agri-input that provides nitrogen to plants.
✅It is developed and patented by the Indian Farmers Fertiliser Cooperative Limited (IFFCO).
✅IFFCO Nano Urea is the only nano fertilizer approved by the Government of India and included in the Fertilizer Control Order (FCO).
📍Features:
✅Compared to conventional urea prill, Nano Urea has a desirable particle size of about 20-50 nm, and more surface area (10,000 times over 1 mm urea prill), and number of particles (55,000 nitrogen particles over 1 mm urea prill).
✅It contains 4.0 % total nitrogen (w/v).
📍Benefits:
✅It is produced by an energy-efficient, environment-friendly production process with less carbon footprints.
✅It is more efficient in terms of nutrient uptake and releases nitrogen more slowly.
✅It reduces the amount of nitrogen lost to the atmosphere as greenhouse gases.
✅It is expected to improve crop productivity, soil health, and nutritional quality of produce and address the "imbalanced and excessive use" of conventional fertilizer.
#gs3
#economy
#agriculture
#science_technology
#mains
🔆 Government Securities (G-Sec) :
✅ A Tradable instrument issued by the Central Government or the State Governments.
✅ A G-Sec is a type of debt instrument issued by the government to borrow money from the public to finance its Fiscal Deficit.
✅ Kinds :
◽️Short : Term (usually called treasury bills, with original maturities of less than one year
◽️Long : Term (usually called Government bonds or dated securities with original maturity of one year or more)
✅ Issuer :
🔸️ Central Government - issues both, treasury bills & bonds or dated securities
🔸️ State Government - Only bonds or dated securities [State Development Loans (SDLs)]
✅ G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.
✅ Issue Mechanism : The RBI conducts Open Market Operations (OMOs) for sale or purchase of G-secs to adjust money supply conditions.
#Economy
#prelims_facts
✅ A Tradable instrument issued by the Central Government or the State Governments.
✅ A G-Sec is a type of debt instrument issued by the government to borrow money from the public to finance its Fiscal Deficit.
✅ Kinds :
◽️Short : Term (usually called treasury bills, with original maturities of less than one year
◽️Long : Term (usually called Government bonds or dated securities with original maturity of one year or more)
✅ Issuer :
🔸️ Central Government - issues both, treasury bills & bonds or dated securities
🔸️ State Government - Only bonds or dated securities [State Development Loans (SDLs)]
✅ G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.
✅ Issue Mechanism : The RBI conducts Open Market Operations (OMOs) for sale or purchase of G-secs to adjust money supply conditions.
#Economy
#prelims_facts
🔆Index of Industrial Production (IIP)
✅ It is a composite indicator measuring changes in the volume of production of a basket of industrial products over a period of time.
✅ It measures the growth rate of industry groups classified under,
🔸 Broad sectors - Mining, Manufacturing and Electricity
🔸 Use-based sectors - Basic Goods, Capital Goods and Intermediate Goods
✅ Base year - 2011
✅ It is compiled and published on a monthly basis by the CSO (now known as National Statistics Office (NSO)) with a time lag of 6 weeks from the reference month.
#economy
#pre_revision
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✅ It is a composite indicator measuring changes in the volume of production of a basket of industrial products over a period of time.
✅ It measures the growth rate of industry groups classified under,
🔸 Broad sectors - Mining, Manufacturing and Electricity
🔸 Use-based sectors - Basic Goods, Capital Goods and Intermediate Goods
✅ Base year - 2011
✅ It is compiled and published on a monthly basis by the CSO (now known as National Statistics Office (NSO)) with a time lag of 6 weeks from the reference month.
#economy
#pre_revision
https://t.me/thegameoftoppers join for more
👍1
India’s Digital Economy to contribute One-Fifth of National Income by 2029-30
✅ India’s digital economy has emerged as a significant contributor to its economic growth, accounting for 11.74% of the GDP (INR 31.64 lakh crore or USD 402 billion) in 2022-23
✅ Employing 14.67 million workers (2.55% of the workforce), the digital economy is nearly five times more productive than the rest of the economy.
✅In the BFSI sector, over 95% of banking payment transactions are digital, but revenue-generating activities like loans and investments remain largely offline, with financial services less digitalised overall.
✅Retail is shifting to omni-channel models, with e-tailers adding physical stores, while AI chatbots and digital inventory tools enhance efficiency.
✅Education has begun adopting offline, online, and hybrid models, with most institutions favoring hybrid approaches
✅Hospitality and logistics are embracing AI, metaverse, and digital tools, with large firms fully digitalising operations, while smaller players lag behind.
#economy
✅ India’s digital economy has emerged as a significant contributor to its economic growth, accounting for 11.74% of the GDP (INR 31.64 lakh crore or USD 402 billion) in 2022-23
✅ Employing 14.67 million workers (2.55% of the workforce), the digital economy is nearly five times more productive than the rest of the economy.
✅In the BFSI sector, over 95% of banking payment transactions are digital, but revenue-generating activities like loans and investments remain largely offline, with financial services less digitalised overall.
✅Retail is shifting to omni-channel models, with e-tailers adding physical stores, while AI chatbots and digital inventory tools enhance efficiency.
✅Education has begun adopting offline, online, and hybrid models, with most institutions favoring hybrid approaches
✅Hospitality and logistics are embracing AI, metaverse, and digital tools, with large firms fully digitalising operations, while smaller players lag behind.
#economy
🔆 WORLD BANK
✅ The International Bank for Reconstruction and Development (IBRD) + International Development Association (IDA).
✅ Established : 1944 , Bretton Woods Conference (USA)
✅ To regulate International monetary & Financial order after World War 2 .
✅ World Bank Groups :
🔸 International Bank for Reconstruction and Development (IBRD)
🔸 International Development Association (IDA)
🔸 International Finance Corporation (IFC)
🔸Multilateral Investment Guarantee Agency (MIGA)
🔸International Centre for Settlement of Investment Disputes (ICSID)
✅ Reports :
🔸World Development Report
🔸Ease of doing business Index
🔸Global Economic Prospect report
🔸Remittance & Migration report
🔸World Development Indicators
🔸International Debt Statistics
🔸Ease of Living Index
🔸Universal Health Coverage Index
🔸The Service Trade Restriction Index
🔸India Development Update
🔸Logistics Performance index
#economy
#prelims_facts
✅ The International Bank for Reconstruction and Development (IBRD) + International Development Association (IDA).
✅ Established : 1944 , Bretton Woods Conference (USA)
✅ To regulate International monetary & Financial order after World War 2 .
✅ World Bank Groups :
🔸 International Bank for Reconstruction and Development (IBRD)
🔸 International Development Association (IDA)
🔸 International Finance Corporation (IFC)
🔸Multilateral Investment Guarantee Agency (MIGA)
🔸International Centre for Settlement of Investment Disputes (ICSID)
✅ Reports :
🔸World Development Report
🔸Ease of doing business Index
🔸Global Economic Prospect report
🔸Remittance & Migration report
🔸World Development Indicators
🔸International Debt Statistics
🔸Ease of Living Index
🔸Universal Health Coverage Index
🔸The Service Trade Restriction Index
🔸India Development Update
🔸Logistics Performance index
#economy
#prelims_facts
Floating Exchange Rate: Flexibility in Currency Valuation
✅Definition: A system where a currency's value is determined by supply and demand in the foreign exchange market, allowing exchange rates to fluctuate continuously.
✅Characteristics: Not officially pegged or fixed to any other currency or commodity.
✅ Enables currencies to adjust freely to economic conditions, trade imbalances, and market forces.
🔸 Example: Countries like Canada operate under the floating exchange rate system.
Managed Float: Balancing Flexibility with Intervention
✅Definition: Also known as a dirty float, it's a system where a country's central bank or government occasionally intervenes in the foreign exchange market to influence its currency's value.
✅Features: Exchange rate is allowed to float, but authorities may intervene to stabilize or manage its value in response to economic goals or to prevent
excessive volatility.
🔸Example: Countries like India and China adopt a managed float exchange rate system.
#pre_revision
#economy
✅Definition: A system where a currency's value is determined by supply and demand in the foreign exchange market, allowing exchange rates to fluctuate continuously.
✅Characteristics: Not officially pegged or fixed to any other currency or commodity.
✅ Enables currencies to adjust freely to economic conditions, trade imbalances, and market forces.
🔸 Example: Countries like Canada operate under the floating exchange rate system.
Managed Float: Balancing Flexibility with Intervention
✅Definition: Also known as a dirty float, it's a system where a country's central bank or government occasionally intervenes in the foreign exchange market to influence its currency's value.
✅Features: Exchange rate is allowed to float, but authorities may intervene to stabilize or manage its value in response to economic goals or to prevent
excessive volatility.
🔸Example: Countries like India and China adopt a managed float exchange rate system.
#pre_revision
#economy
🔥1
🔆National Critical Mineral Mission
✅Critical minerals are essential for a country's economic development and national security, and their lack of availability or concentration in a few geographical locations can lead to supply chain vulnerabilities.
✅The Government of India launched the National Critical Mineral Mission (NCMM) in 2025 to establish a robust framework for self-reliance in the critical mineral sector.
📍Usage
✅Critical minerals such as silicon, tellurium, indium, and gallium are vital for the production of photovoltaic (PV) cells used in solar panels.
India’s current solar capacity of 64 GW is heavily dependent on these minerals.
✅Rare earth elements like dysprosium and neodymium are used in permanent magnets for wind turbines.
India aims to increase its wind energy capacity from 42 GW to 140 GW by 2030
✅Lithium, nickel, and cobalt are key materials used in lithium-ion batteries.
#gs3
#economy
#prelims@thegameoftoppers
✅Critical minerals are essential for a country's economic development and national security, and their lack of availability or concentration in a few geographical locations can lead to supply chain vulnerabilities.
✅The Government of India launched the National Critical Mineral Mission (NCMM) in 2025 to establish a robust framework for self-reliance in the critical mineral sector.
📍Usage
✅Critical minerals such as silicon, tellurium, indium, and gallium are vital for the production of photovoltaic (PV) cells used in solar panels.
India’s current solar capacity of 64 GW is heavily dependent on these minerals.
✅Rare earth elements like dysprosium and neodymium are used in permanent magnets for wind turbines.
India aims to increase its wind energy capacity from 42 GW to 140 GW by 2030
✅Lithium, nickel, and cobalt are key materials used in lithium-ion batteries.
#gs3
#economy
#prelims@thegameoftoppers
🔆POSHAN Scheme
📍Pradhan Mantri Poshan Shakti Nirman Scheme:
✅It was earlier known as the National Programme of Mid-Day Meal in schools.
✅In September 2021, Mid-Day Meal Scheme was renamed as Pradhan Mantri POSHAN Scheme.
✅It is a centrally sponsored scheme under which one hot cooked meal is served to students studying in Balvatika and classes I to VIII, in Government and Government-aided schools on all school-days.
✅The Scheme aims at providing nutritional support and enhancing school participation of students.
✅Nodal Ministry: Ministry of Education
#gs3
#prelims
#economy
#goverment_scheme
📍Pradhan Mantri Poshan Shakti Nirman Scheme:
✅It was earlier known as the National Programme of Mid-Day Meal in schools.
✅In September 2021, Mid-Day Meal Scheme was renamed as Pradhan Mantri POSHAN Scheme.
✅It is a centrally sponsored scheme under which one hot cooked meal is served to students studying in Balvatika and classes I to VIII, in Government and Government-aided schools on all school-days.
✅The Scheme aims at providing nutritional support and enhancing school participation of students.
✅Nodal Ministry: Ministry of Education
#gs3
#prelims
#economy
#goverment_scheme