30 November, 2019
Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
News: Growth in the gross domestic product (GDP) in the July-September quarter hit a 25quarter low of 4.5%, the government announced on Friday.
Prelims and Mains focus: about the recent economic slowdown in the Indian economy, challenges and ways to address them; GDP v/s GVA
Performance of various sectors:
Government’s take on the status of the economy
GDP v/s GVA
Note: GDP at factor cost = Gross value added (GVA) at factor cost GDP at market price = GDP at factor cost + net indirect taxes (indirect taxes- subsidies) GVA at factor cost = value of output (quantity * price) - value of intermediary consumption.
Source: The Hindu
Rare Earth Elements The Confederation of Indian Industry (CII) has urged the government to encourage private mining in the sector and diversify supply sources in light of India's reliance on China for rare earth minerals imports. Despite having 6% of the world's rare earth reserves, India produces only 1% of global output and import
Rooftop Solar Installations According to Mercom Research India, rooftop solar capacity installations in India fell 29% to 320 megawatts (MW) in July-September 2022. What are the Results? Cumulative Installations: As of the end of the third quarter of 2022, cumulative rooftop solar (RTS) installations stood at 8.3 GW. Gujarat overtook
Plastic's Life Cycle According to a recent document titled "The Plastic Life-Cycle," India is not properly collecting and recycling its polymer waste. The document emphasized that the problem will not be solved unless the entire life cycle of plastic, from source to disposal, is considered as the root cause of the pollution it
Russia’s Advanced Fuel Option for KKNPP Rosatom, Russia's state-owned nuclear energy corporation, recently offered a more advanced fuel option to India's largest nuclear power plant in Kudankulam (KKNPP), Tamil Nadu. It will be able to run its reactors for an extended two-year cycle without stopping to load new fuel.
Project Great Indian Bustard The Supreme Court (SC) recently requested that the Centre review the concept of 'Project Great Indian Bustard (GIB)' to save endangered birds. Important Points: The Supreme Court established a three-member committee to evaluate the feasibility of laying high-voltage underground power cables. T
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