🔆Centre Kick-Starts FY26 Budget Process
📍Key Points:
✅The Department of Economic Affairs has initiated the process for formulating Union Budget 2025-26.
✅Central ministries and Union Territories have been asked to submit revised spending estimates for this and the next fiscal year.
✅ Pre-Budget meetings chaired by the Secretary (Expenditure) will commence in the second week of October.
📍Possible Prelims Question:
✅Which department of the Indian government is responsible for initiating the process of formulating the Union Budget?
(a) Department of Revenue
(b) Department of Expenditure
(c) Department of Economic Affairs
(d) Planning Commission
📍Possible Mains Question:
✅Discuss the significance of the pre-budget meetings in the process of formulating the Union Budget. What factors influence the allocation of resources in the budget?
📍Key Points:
✅The Department of Economic Affairs has initiated the process for formulating Union Budget 2025-26.
✅Central ministries and Union Territories have been asked to submit revised spending estimates for this and the next fiscal year.
✅ Pre-Budget meetings chaired by the Secretary (Expenditure) will commence in the second week of October.
📍Possible Prelims Question:
✅Which department of the Indian government is responsible for initiating the process of formulating the Union Budget?
(a) Department of Revenue
(b) Department of Expenditure
(c) Department of Economic Affairs
(d) Planning Commission
📍Possible Mains Question:
✅Discuss the significance of the pre-budget meetings in the process of formulating the Union Budget. What factors influence the allocation of resources in the budget?
🔆India’s Renewable Energy Revolution Story
Why in News?
✅At the 4th Global Renewable Energy Investors Meet and Expo (RE-INVEST 2024) in Gandhinagar, the PM declared that India's solar revolution story will be painted in gold when the history of the 21st century is written.
✅This is because installed solar energy capacity in India has increased by 30 times in the last 9 years reaching 89.43 GW (as of August 2024).
✅The PM also highlighted that the government has taken many big decisions in the green energy sector.
📍Renewable Energy Installed Capacity in India:
✅As of August 2024, Renewable Energy (RE) sources (including large hydropower) have a combined installed capacity of 199.52 GW.
✅As per REN21 Renewables 2024 Global Status Report, India stands 4th globally in RE installed capacity (including large hydro), 4th in Wind Power capacity and 5th in Solar Power capacity.
📍Growth of Renewable Energy Installed Capacity in India:
✅India’s installed non-fossil fuel capacity has increased 396% in the last 8.5 years and stands at more than 207.76 GW (including large hydro and nuclear), which is about 46% of the country’s total capacity.
✅The country has set an enhanced target at the UNFCCC’s COP26 (Glasgow, 2021) of 500 GW of non-fossil fuel-based energy by 2030 - the world's largest expansion plan in renewable energy under the Panchamrit Pledge
#gs3
#economy
@upsc_4_economy
Why in News?
✅At the 4th Global Renewable Energy Investors Meet and Expo (RE-INVEST 2024) in Gandhinagar, the PM declared that India's solar revolution story will be painted in gold when the history of the 21st century is written.
✅This is because installed solar energy capacity in India has increased by 30 times in the last 9 years reaching 89.43 GW (as of August 2024).
✅The PM also highlighted that the government has taken many big decisions in the green energy sector.
📍Renewable Energy Installed Capacity in India:
✅As of August 2024, Renewable Energy (RE) sources (including large hydropower) have a combined installed capacity of 199.52 GW.
✅As per REN21 Renewables 2024 Global Status Report, India stands 4th globally in RE installed capacity (including large hydro), 4th in Wind Power capacity and 5th in Solar Power capacity.
📍Growth of Renewable Energy Installed Capacity in India:
✅India’s installed non-fossil fuel capacity has increased 396% in the last 8.5 years and stands at more than 207.76 GW (including large hydro and nuclear), which is about 46% of the country’s total capacity.
✅The country has set an enhanced target at the UNFCCC’s COP26 (Glasgow, 2021) of 500 GW of non-fossil fuel-based energy by 2030 - the world's largest expansion plan in renewable energy under the Panchamrit Pledge
#gs3
#economy
@upsc_4_economy
🔆White revolution 2.0
✅Operation Flood, launched in 1970, ushered in the White Revolution and transformed the dairy sector in India. In order to give further boost to this sector, the government has announced plans for “White Revolution 2.0”.
📍White Revolution 2.0
✅White Revolution 2.0 aims to boost milk procurement by dairy cooperatives from 660 lakh kg per day in 2023-24 to 1,007 lakh kg by 2028-29.
✅The Ministry of Cooperation's strategy focuses on expanding cooperative reach to new areas and increasing their share in the organized dairy sector.
✅This initiative, building on the legacy of Operation Flood, will enhance market access for dairy farmers, generate employment, and empower women.
📍Target
✅White Revolution 2.0 will increase milk procurement of dairy cooperatives by 50%, over the next five years.
✅It will do so by providing market access to dairy farmers in uncovered areas and increasing the share of dairy cooperatives in the organised sector.
#gs3
#economy
@upsc_the_hindu_ie_editorial
✅Operation Flood, launched in 1970, ushered in the White Revolution and transformed the dairy sector in India. In order to give further boost to this sector, the government has announced plans for “White Revolution 2.0”.
📍White Revolution 2.0
✅White Revolution 2.0 aims to boost milk procurement by dairy cooperatives from 660 lakh kg per day in 2023-24 to 1,007 lakh kg by 2028-29.
✅The Ministry of Cooperation's strategy focuses on expanding cooperative reach to new areas and increasing their share in the organized dairy sector.
✅This initiative, building on the legacy of Operation Flood, will enhance market access for dairy farmers, generate employment, and empower women.
📍Target
✅White Revolution 2.0 will increase milk procurement of dairy cooperatives by 50%, over the next five years.
✅It will do so by providing market access to dairy farmers in uncovered areas and increasing the share of dairy cooperatives in the organised sector.
#gs3
#economy
@upsc_the_hindu_ie_editorial
🔆Goa Maritime Symposium 2024
✅The Indian Navy is hosting the fifth edition of the Goa Maritime Symposium at Naval War College, Goa.
✅It is a forum for fostering collaborative thinking, cooperation, and mutual understanding between India and key maritime nations of the Indian Ocean Region.
✅Theme: The theme for the event is Common Maritime Security Challenges in the Indian Ocean Region: Progressing Lines of Efforts to Mitigate Dynamic Threats such as illegal and unregulated fishing and other illegal maritime activities.
✅It will be participated by the representatives from 12 Indian Ocean Littoral countries- Bangladesh, Comoros, Indonesia, Madagascar, Malaysia, Maldives, Mauritius, Myanmar, Seychelles, Singapore, Sri Lanka and Thailand. Observers from Kenya and Tanzania
#gs3
#economy
Join @PIB_UPSC
@upsc_4_economy
✅The Indian Navy is hosting the fifth edition of the Goa Maritime Symposium at Naval War College, Goa.
✅It is a forum for fostering collaborative thinking, cooperation, and mutual understanding between India and key maritime nations of the Indian Ocean Region.
✅Theme: The theme for the event is Common Maritime Security Challenges in the Indian Ocean Region: Progressing Lines of Efforts to Mitigate Dynamic Threats such as illegal and unregulated fishing and other illegal maritime activities.
✅It will be participated by the representatives from 12 Indian Ocean Littoral countries- Bangladesh, Comoros, Indonesia, Madagascar, Malaysia, Maldives, Mauritius, Myanmar, Seychelles, Singapore, Sri Lanka and Thailand. Observers from Kenya and Tanzania
#gs3
#economy
Join @PIB_UPSC
@upsc_4_economy
🔆Council is looking at tax rates for rationalization
✅The GST Council, according to Union Finance Minister Nirmala Sitharaman, is examining tax rates item by item for rationalisation, a process delayed by COVID-19 and state elections.
✅GST compensation, as per law, ended in June 2022, but the cess continues to be collected. ✅The GST Council is discussing whether the cess should continue and on what items.
✅Sitharaman highlighted that the GST compensation scheme was initially set at a high rate to allay states' concerns over revenue drops post-GST implementation.
✅She emphasized that the Constitution allows the Union government to levy cesses, which are used for infrastructure projects, although these are not shared directly with the states.
#gs3
#economy
@upsc_4_economy
✅The GST Council, according to Union Finance Minister Nirmala Sitharaman, is examining tax rates item by item for rationalisation, a process delayed by COVID-19 and state elections.
✅GST compensation, as per law, ended in June 2022, but the cess continues to be collected. ✅The GST Council is discussing whether the cess should continue and on what items.
✅Sitharaman highlighted that the GST compensation scheme was initially set at a high rate to allay states' concerns over revenue drops post-GST implementation.
✅She emphasized that the Constitution allows the Union government to levy cesses, which are used for infrastructure projects, although these are not shared directly with the states.
#gs3
#economy
@upsc_4_economy
Forwarded from Sansad TV AIR NEWS UPSC prelims mains interview via @QualityButtonCreatorbot
The Manual on Ethics, Integrity, and Aptitude by IAS Srushti Deshmukh & IAS Nagarjun Gowda is a complete guide for GS-IV paper of UPSC CSE and State exams.
🔸 Covers the entire syllabus comprehensively yet is concise avoiding irrelevant content.
🔸 Offers a unique answer-writing approach for both Part A & B.
🔸 Supported by real-life examples, anecdotes, thought boxes, Previous year solved case study, and 50 fresh practice case studies based on a 9-year exam trend.
🔸 Developed in consultation with UPSC toppers, filling preparation gaps.
🔸 15/19 questions in GS-IV Mains 2024 were directly covered in the book and 4 indirectly covered.
👉 Buy Now:
Amazon link : https://amzn.to/3TDjsnR
Flipkart link : https://dl.flipkart.com/s/3jWc6GNNNN
👉 Download Sample Copy for Free:
https://www.srushtideshmukhblog.com/files/ugd/c3edd13d52082a5a1d4f89ac02bbdd12d69fe9.pdf
🔸 Covers the entire syllabus comprehensively yet is concise avoiding irrelevant content.
🔸 Offers a unique answer-writing approach for both Part A & B.
🔸 Supported by real-life examples, anecdotes, thought boxes, Previous year solved case study, and 50 fresh practice case studies based on a 9-year exam trend.
🔸 Developed in consultation with UPSC toppers, filling preparation gaps.
🔸 15/19 questions in GS-IV Mains 2024 were directly covered in the book and 4 indirectly covered.
👉 Buy Now:
Amazon link : https://amzn.to/3TDjsnR
Flipkart link : https://dl.flipkart.com/s/3jWc6GNNNN
👉 Download Sample Copy for Free:
https://www.srushtideshmukhblog.com/files/ugd/c3edd13d52082a5a1d4f89ac02bbdd12d69fe9.pdf
Forwarded from Sansad TV AIR NEWS UPSC prelims mains interview
Sample Copy and Paper Analysis.pdf
3.6 MB
Download Sample PDF
🔆India sugar and bio-energy conference
✅India is now the world’s third largest producer and consumer of Ethanol due to the policy changes made by our government
✅In last 10 years, from ethanol sale, sugar mills have earned higher revenue, use of ethanol blended petrol reduced emission of Green House Gases (GHGs), greater investment opportunities emerged, leading to the establishment of new distilleries in rural areas , and generating employments.
✅In last 10 years, area of sugarcane cultivation increased by about 18% while the sugarcane production has increased by 40%. He said Minimum Selling Price (MSP) of sugar was introduced in 2018 to protect the interests of farmers and the sugar industry by the Centre.
#gs3
#economy
Join @PIB_UPSC
@upsc_4_economy
✅India is now the world’s third largest producer and consumer of Ethanol due to the policy changes made by our government
✅In last 10 years, from ethanol sale, sugar mills have earned higher revenue, use of ethanol blended petrol reduced emission of Green House Gases (GHGs), greater investment opportunities emerged, leading to the establishment of new distilleries in rural areas , and generating employments.
✅In last 10 years, area of sugarcane cultivation increased by about 18% while the sugarcane production has increased by 40%. He said Minimum Selling Price (MSP) of sugar was introduced in 2018 to protect the interests of farmers and the sugar industry by the Centre.
#gs3
#economy
Join @PIB_UPSC
@upsc_4_economy
🔆Unemployment rate :Labour survey
✅ The Periodic Labour Force Survey (PLFS) for July 2023 to June 2024 reports no major change in the unemployment rate (UR).
✅There is a minor increase in the distribution of workers in agriculture and no growth in the manufacturing sector employment.
✅The participation of women in the workforce has improved.
✅Rural Labour Force Participation Rate (LFPR) increased from 50.7% in 2017-18 to 63.7% in 2023-24; urban areas saw an increase from 47.6% to 52%.
✅Rural unemployment rate decreased from 5.3% in 2017-18 to 2.5% in 2023-24; urban unemployment rate decreased from 7.7% to 5.1%.
✅Labour experts claim the increase in Workers in Agriculture signals a grim employment scenario with unpaid family labour increasing.
✅Manufacturing workforce participation remains stagnant at 11.4%; in 2012, it was at 12.8%.
#gs3
#prelims
#economy
@upsc_4_economy
@upsc_prep_squad
✅ The Periodic Labour Force Survey (PLFS) for July 2023 to June 2024 reports no major change in the unemployment rate (UR).
✅There is a minor increase in the distribution of workers in agriculture and no growth in the manufacturing sector employment.
✅The participation of women in the workforce has improved.
✅Rural Labour Force Participation Rate (LFPR) increased from 50.7% in 2017-18 to 63.7% in 2023-24; urban areas saw an increase from 47.6% to 52%.
✅Rural unemployment rate decreased from 5.3% in 2017-18 to 2.5% in 2023-24; urban unemployment rate decreased from 7.7% to 5.1%.
✅Labour experts claim the increase in Workers in Agriculture signals a grim employment scenario with unpaid family labour increasing.
✅Manufacturing workforce participation remains stagnant at 11.4%; in 2012, it was at 12.8%.
#gs3
#prelims
#economy
@upsc_4_economy
@upsc_prep_squad
🔆Israel seeks more skilled construction workers from India
#gs2
#ir
#gs3
#economy
@upsc_4_ir
@upsc_4_economy
#gs2
#ir
#gs3
#economy
@upsc_4_ir
@upsc_4_economy
🔆 India's Defence Exports and Humanitarian Law
📍Key Points:
✅PIL Against Defence Exports: A PIL sought to stop India's defence exports to Israel due to alleged war crimes in Gaza.
✅ Supreme Court Dismissal: The Supreme Court dismissed the PIL, citing foreign policy as beyond its jurisdiction.
✅Legal Framework: India's current laws regulate defence exports based on national security and international obligations, but lack specific provisions for assessing IHL compliance.
✅ International Law: India's international obligations, including the Geneva Conventions, require it to respect and ensure respect for IHL.
✅Need for Legal Reforms: India should amend its domestic laws to explicitly assess the IHL compliance of countries importing Indian defence goods.
📍Possible Prelims Question:
✅What is the primary legal framework regulating defence exports in India?
A. Foreign Trade Act, 1992
B. Arms Trade Treaty
C. Geneva Conventions
D. Weapons of Mass Destruction Act, 2005
📍Possible Mains Question:
Discuss the challenges and limitations of India's current legal framework for regulating defence exports. How can India ensure that its defence exports align with international humanitarian law obligations? What reforms are needed to strengthen India's credibility as a responsible defence-exporting nation?
#gs3
#economy
#prelims
@upsc_4_economy
@upsc_the_hindu_ie_editorial
📍Key Points:
✅PIL Against Defence Exports: A PIL sought to stop India's defence exports to Israel due to alleged war crimes in Gaza.
✅ Supreme Court Dismissal: The Supreme Court dismissed the PIL, citing foreign policy as beyond its jurisdiction.
✅Legal Framework: India's current laws regulate defence exports based on national security and international obligations, but lack specific provisions for assessing IHL compliance.
✅ International Law: India's international obligations, including the Geneva Conventions, require it to respect and ensure respect for IHL.
✅Need for Legal Reforms: India should amend its domestic laws to explicitly assess the IHL compliance of countries importing Indian defence goods.
📍Possible Prelims Question:
✅What is the primary legal framework regulating defence exports in India?
A. Foreign Trade Act, 1992
B. Arms Trade Treaty
C. Geneva Conventions
D. Weapons of Mass Destruction Act, 2005
📍Possible Mains Question:
Discuss the challenges and limitations of India's current legal framework for regulating defence exports. How can India ensure that its defence exports align with international humanitarian law obligations? What reforms are needed to strengthen India's credibility as a responsible defence-exporting nation?
#gs3
#economy
#prelims
@upsc_4_economy
@upsc_the_hindu_ie_editorial
Cross border insolvency
The integration of cross-border insolvency regimes is crucial for international trade, providing legal certainty and benefiting investments and trade.
The UN Commission on International Trade Law (UNCITRAL) has developed a Model Law on cross-border insolvency, recognized globally but adopted by only 60 countries so far.
India has not yet adopted the Model Law despite several recommendations and currently relies on limited provisions for cross-border insolvencies, viewed as inadequate.
India has signed various Free Trade Agreements (FTAs), Comprehensive Economic Corporation Agreements (CECAs), and Comprehensive Economic Partnership Agreements (CEPAs) with over 54 countries, which lack detailed cross-border insolvency provisions.
The inclusion of sound insolvency laws in FTAs would enhance their effectiveness and benefit India's trade by providing mechanisms to handle insolvency of trading entities.
#gs2
#ir
#gs3
#economy
@upsc_4_ir
@upsc_4_economy
@upsc_the_hindu_ie_editorial
The integration of cross-border insolvency regimes is crucial for international trade, providing legal certainty and benefiting investments and trade.
The UN Commission on International Trade Law (UNCITRAL) has developed a Model Law on cross-border insolvency, recognized globally but adopted by only 60 countries so far.
India has not yet adopted the Model Law despite several recommendations and currently relies on limited provisions for cross-border insolvencies, viewed as inadequate.
India has signed various Free Trade Agreements (FTAs), Comprehensive Economic Corporation Agreements (CECAs), and Comprehensive Economic Partnership Agreements (CEPAs) with over 54 countries, which lack detailed cross-border insolvency provisions.
The inclusion of sound insolvency laws in FTAs would enhance their effectiveness and benefit India's trade by providing mechanisms to handle insolvency of trading entities.
#gs2
#ir
#gs3
#economy
@upsc_4_ir
@upsc_4_economy
@upsc_the_hindu_ie_editorial