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Centre releases Rs 553 cr. for farm mechanisation

Agricultural Mechanization Approx Read Time: 6 minutes In News: The Centre has released Rs 553 crore to States under a scheme to promote mechanisation in the agriculture sector. This is part of the total budgeted outlay in the year 2020-21 for the Sub-Mission on Agricultural Mechanization (SMAM) of Rs 1,033 crore. About: Sub Mission on Agricultural Mechanization …

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Editorial Analysis: Why integrating with global value chains crucial for India

Global value chains Approx Read Time: 7 minutes Global value chains (GVCs): Global value chains (GVCs) are production networks that seek to utilize gains from hyper-specialization across countries. They have been fundamental to efficiencies in manufacturing, and in the global economy and trade. GVCs in the spotlight in the Covid times: The Covid pandemic has …

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States face fresh pressure for GST rate rationalization

GST compensation funds Approx Read Time: 7 minutes In News: GST compensation funds GST compensation payments to states by the centre for the current financial year (since April) remain pending. News Summary: The Centre has released about Rs 14,000 crore to the states as GST compensation payments for March 2020, with the full payout for …

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Editorial Analysis: Don’t resurrect failed policy

Imports from China Approx Read Time: 7 minutes Options to economically deal with China: In the wake of Galwan events, a consensus has emerged that India needs to distance itself from China in its international trade.  There are three possible policy driven avenues to this goal: Tariffs that apply to imports from China alone. Tariffs on …

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Global Updates: EU leaders strike deal to rebuild economy

Recovery Fund for COVID19 Approx Read Time: 5 minutes In News: Recovery Fund for COVID19 European leaders have agreed to create a €750 billion ($858 billion) recovery fund to rebuild EU economies which are in deep recession due to coronavirus crisis. Recession in European Union: The European Union is battling a deep recession triggered by the pandemic. The European …

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