Category Policy Update

Pradhan Mantri Matsya Sampada Yojana: ‘Reform, Perform and Transform’ the Fisheries Sector

The fisheries sector is a direct source of livelihood for more than 20 million fishers and fish farmers and contributes INR 1.75 trillion annually to the gross value added to India's economy. Considering the present and upcoming growth and potential in the fisheries sector in India, PM Matsya Sampada Yojana scheme aims to bring the Blue Revolution through sustainable and responsible development in this sector. It also helps to modernise and strengthen the value chain, enhance traceability and establish a robust fisheries management framework, and, at the same time, ensure the socio-economic welfare of fishers and fish farmers.

Strategic Intervention for Green Hydrogen Transition (SIGHT)

The government of India on August 15, 2021, announced the implementation of a project that encourages the use of green hydrogen. The objective of the project is to reduce dependence on fossil fuels and focuses on de-carbonization. For this, a project has been launched with an estimated budget of around ₹19,744 crores that will create a boom in the production of green hydrogen. With the implementation of this project, the country is expected to witness a surge of investments worth Eight lakh crores rupees with the creation of Six lakh jobs and a cumulative reduction in fossil fuels imports worth Rs One lakh crore.

Savings from the switch to Electric Vehicles (EVs) in India

Transport is an integral part of the energy system, and the demand for transport has been ever-increasing with the increase in population. One of the main causes of climate change is greenhouse gas emissions from the usage of fuel in vehicles. A switch to Electric Vehicles (EVs) is a way to minimise such pollution. EVs have been started to reduce carbon emissions due to other advantages such as lower noise pollution, maintenance requirements and power consumption.

Doubling of Income, Really?

INDIA’S per capita income, representing the average income of an Indian citizen, has risen from INR 79,000 in 2013–14 to INR 1,71,000 in 2022–23 — an increase of 116 percent. Therefore, some claim that incomes have more than doubled in India since the present ruling dispensation took office. The catch is that: a) this includes the price increase during the period and hence does not represent the real increase in incomes, and b) the data for 2022–23 and two earlier years is provisional and subject to revision.

budget 23 urban development

Union Budget 2023-24 and Urban Infrastructure and Development Financing: Promising Yet Concerning

Indian cities with their contribution of around two-thirds of the GDP are expected to play an instrumental role as the country’s ‘engines of economic growth'. The union budget 2023-24 has tried give a push to cities by way of capital expenditure.

Mission Karmayogi: Civil Servants Capacity Building Program

Prime Minister stated “Mission Karmayogi is a new experiment of its kind in the direction of capacity building. Through this mission, government employees have to modernize their thinking, and approach and improve their skill set. It is to allow them to become a Karmayogi…”Moreover, Cabinet Secretary Rajiv Gauba launched the Approach paper on Annual Capacity Building Plans for Central Ministries and Departments under “Mission Karmayogi” 

One Nation One Fertilizer

The government issued an order requiring all businesses to market their goods under the brand name "Bharat" in order to standardize fertilizer brands across the nation. Under this scheme, all fertilizer companies will be manufacturing fertilizers under one brand name which will ensure uniformity and reduce confusion among farmers. The budget for fertilizer subsidies has been increased to 25% as compared to last year. This scheme will also ensure cost-effectiveness.

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