ECONOMY by VIVEK SINGH

2021-08-27 05:06:30 Source: Indian Express (26th August)
This news is also in today's Indian express https://indianexpress.com/article/business/economy/to-register-unorganised-workers-govt-launches-e-shram-7472696/ Open / Comment

2021-08-26 07:30:39 Source: Hindu
I have explained in detail Industry 4.0 in my book, so you can read it from there.

Here I would like to give you a simple example of Industry 4.0. A car manufacturing company will be connected over internet (IoT) to the cars which are operating on road. If some fault is happening again and again then this data will be fed into the manufacturing unit and thei,r the Robots will automatically take a decision regarding improving that part.

So, in Industry 4.0, (operational) data will be integrated with manufacturing and decisions will be taken in real time based on the vast amount of data generated during operational activities. Open / Comment

2021-08-26 07:05:25 The answer to the above question is (d)
The following is the clarification for every statement.

(i) False: The NMP plans for monetization of only core assets. Non-core assets include buildings and land.

(ii) False: NMP plans monetization through PPP and InvITs and may be some other models but not through disinvestment

(iii) True

(iv) True

(v) False: The pipeline has been developed by NITI Aayog, in consultation with infrastructure line ministries Open / Comment

2021-08-25 15:08:39 Question of the day:

Consider the following statements regarding 'National Monetization Pipeline' (NMP) recently launched:

(i) It plans for monetization of core as well as non-core assets of Central Govt. and Central PSUs
(ii) It plans for monetization through PPP concessions and disinvestment
(iii) Monetization is planned through InvITs which are like mutual funds
(iv) The funds from NMP will be used for National Infrastructure Pipeline
(v) The pipeline of projects to be monetized has been developed by Dept. of Economic Affairs Open / Comment

2021-08-25 07:48:47 This note explains how InvITs work and how the National Monetization Pipeline (NMP) plans to monetize assets through InvITs. Pls bear with my handwriting. Open / Comment

2021-08-24 08:35:38 National Monetization Pipeline [2021-22 to 2024-25] Open / Comment

2021-08-23 07:57:46 Liberalised Remittance Scheme (LRS)
Under the Liberalised Remittance Scheme, all resident individuals (living in India from more than 6 months), including minors are allowed to freely remit/send up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both. Remittances are permitted for overseas education, travel, medical treatment and purchase of shares and property, gift or donation etc. LRS allows sending/remitting money across borders, without seeking any specific approval (that is why the word liberalized).

India has allowed full current account convertibility and partial capital account convertibility. This does not mean that Individuals can send any amount of money abroad for current account transactions. Businesses can do any amount/value of current account transaction for import/export but there are restrictions on Individuals and may be individuals can also send more than USD 2,50,000 but then it may require specific approvals from the Govt and Govt. may deny that (and which is not under this scheme). But till USD 2,50,000 resident individuals can send money freely under LRS.

Electricity Amendment Bill 2021 which proposes amendment in the Electricity Act 2003 to delicense the power distribution sector is still at the cabinet level. Once the bill gets passed we will discuss in detail. But those who want more info on that can check this link: https://t.me/VivekSingh_Economy/3135

WTO 12th Ministerial Conference: It will happen in Geneva from 30th Nov. 2021. WTO's ministerial conference happens after 2 years but this time there has been a gap of 4 years. The last (11th) Ministerial Conference was held in Dec 2017 in Buenos Aires. There are several issues going on in WTO which will be discussed in this 12th Ministerial Conference and these have also been covered in my book. Open / Comment

2021-08-22 07:13:56 Open / Comment

2021-08-22 07:12:51 Source: Hindu
Please follow the below notes for better understanding. Open / Comment