Economic Issues

Shaphari Scheme – To Include Shrimp Farms in Aquaculture

Marine Products Export Development Authority (MPEDA) recently launched a certification scheme for aquaculture called the “Shaphari Scheme”. About Shaphari Scheme: Shaphari is a Sanskrit word that means the superior quality of fishery products suitable for human consumption. Purpose: It is an Antibiotics free Certification Scheme. It certifies hatcheries and farms for the production of antibiotic-free shrimp products. By doing that, it aims to: enhance the co

13 April, 2021 Agriculture

Production of poppy straw from opium

Production of poppy straw from opium The Union government has decided to rope in the private sector to commence production of concentrated poppy straw from India’s opium crop to boost the yield of alkaloids, used for medical purposes and exported to several countries. Poppy Straw: Poppy straw is the husk left after the opium is extracted from pods. This poppy straw also contains a very small morphine content and if used in sufficient quantities,

08 April, 2021 Oil Crisis

British Era Light houses of Odisha

British Era Light houses of Odisha The Ministry wants to develop them as hubs of tourism under the Sagarmala project. The British-era False Point lighthouse, a 129-ft massive minaret-like structure of red-white bands with a huge embossed star, is visible from quite a distance from the Bay of Bengal. Its location close to massive mangrove vegetation infested with crocodiles makes it an adventurous tourist place on the eastern coast. Barely 40 km away, the Paradip lighthouse is another

12 April, 2021 Tourism

G-SAP 1.0

G-SAP 1.0 RBI in it's April 2021 monetary policy continues with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 . The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25% and the reverse repo rate stands unchanged at 3.35%. The rates were left unchanged to boost Public investment in key infrastructure sectors, which is a force multiplier with historically proven abil

12 April, 2021 Money Market

Fisheries Sector

Fisheries Sector Fishing is one of the oldest occupations of man. Fish provides protein rich food and is also a big source of vitamins A, B and D. There are about 30,000 species of fish in the world out of which about 18,000 are found in India. Fish forms an important part of diet of the people living in the coastal areas. India is the 6th largest producer of fish and 2nd largest producer of inland fish in the world. The fisheries sector provides employment to over 14 mi

12 April, 2021 Fisheri

Status of Indian Agriculture

Status of Indian Agriculture Growth: The Agriculture and Allied activities clocked a growth of 3.4%. As per the Provisional Estimates of National Income released by Central Statistical Organization in May, 2020, the share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country at current prices is 19.9% in 2020-21 from 17.8% for the year 2019-20. Agricultural Exports In 2019-20, India’s agricultural and

12 April, 2021 Agriculture

Center to certify Shrimp farms

Center to certify Shrimp farms Frozen shrimp is India’s largest exported seafood item. It constituted 50.58% in quantity and 73.2% in terms of total U.S. dollar earnings from the sector during 2019-20. Andhra Pradesh, West Bengal, Odisha, Gujarat and Tamil Nadu are the major shrimp producing States, and around 95% of the cultured shrimp produce is exported. To bolster confidence in India’s frozen shrimp produce, the country’s biggest seafood export item, the Centr

12 April, 2021 Allied agriculture activities

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 Insolvency and Bankruptcy Code, 2016 It deals with debt default of companies and limited liability entities, partnership firms and individuals. It was based on T K Vishwanathan Committee on Bankruptcy Law Reforms Committee (BLRC) in 2014. It proposes a framework to ensure early detection of stress in a business, initation of the insolvency resolution process by debtor, financial creditor or operational creditor; liquidation

11 April, 2021 NPA

Investments in India

Investments in India Why in News India has attracted total FDI inflow of US$ 72.12 billion during April to January, 2021. It is the highest ever for the first ten months of a financial year and 15% higher as compared to the first ten months of 2019-20 (US$ 62.72 billion). Japan has been leading the list of investor countries to invest in India with 29.09% of the total FDI Equity inflows during January, 2021, followed by Singapore (25.46%) and the U.S.A. (12.06%). In terms of top inv

11 April, 2021 Investment Models

Forex Reserves of India

Forex Reserves of India Why in News? The country's foreign exchange reserves declined by USD 4.255 billion to USD 580.299 billion, fall in reserves was due to a decline in the Foreign Currency Assets (FCA). What is the reason for forex rise/fall? Rise/Fall in Forex is mainly attributed to appreciation or depreciation of currencies in the basket. Expressed in dollar terms, FCA includes the effect of appreciation or depreciation of non-US units like the euro, pound and yen he

11 April, 2021 Forex

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