Insights, a blog published by IMPRI.
Following the National Medical Devices Policy (NMDP) 2023, evidence available by 2024 suggested that the Production Linked Incentive (PLI) Scheme for Medical Devices had successfully encouraged domestic production of complex medical devices, including MRI and CT scanners.
Artificial Intelligence (AI) is gaining ground as a transformative force in public administration, economic production
The National Pension System (NPS), regulated by the Pension Fund Regulatory and Development Authority (PFRDA) under the PFRDA Act, 2013, was expanded to Non Resident Indians (NRIs) in 2015 to broaden access to a structured, market linked retirement savings mechanism. NPS was initially introduced for Central Government employees effective 1 January 2004 and extended voluntarily to all Indian citizens from 1 May 2009 under the All Citizen Model. The specific expansion enabling NRIs to subscribe occurred through amendments to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000.
The Integrated Fertilizer Management System (iFMS) is a comprehensive digital platform developed by the National Informatics Centre (NIC) for the Department of Fertilizers under the Ministry of Chemicals and Fertilizers.
India’s maritime sector is central to its trade and economic security, with around 95% of trade by volume and 68% by value moving by sea.
The rollout of the Goods and Services Tax (GST) in July 2017 marked the most extensive structural overhaul of India's fiscal federalism, subsuming 17 distinct central and state levies along with 13 cesses into a single indirect taxation architecture. Designed to eliminate the cascading tax-on-tax effect, establish a unified national market, and accelerate economic formalization, the original GST regime was constructed around a four-tier rate structure comprising 5%, 12%, 18%, and 28% tax slabs, supplemented by special reduced rates for precious metals and an additional Compensation Cess on select luxury and sin goods. While this multi-tiered framework was politically essential at inception to achieve revenue neutrality and protect low-income consumption, over time it introduced operational frictions, tax classification disputes, and severe structural distortions.
Challenge-Based Destination Development (CBDD) originates from the Union Budget 2023-24, whose Paragraph 93 announced that tourism would be taken up 'in Mission Mode' and that 'at least 50 destinations will be selected through challenge mode' for holistic development, covering physical and virtual connectivity, tourist guides, food-street standards and tourist security, integrated through a mobile application, with every destination developed 'as a complete package.'