Viability Gap Funding (VGF) Scheme
Context : The government has expanded the provision of financial support by means of viability gap funding for public-private partnerships (PPPs) in infrastructure projects to include critical social sector investments in sectors such as health, education, water and waste treatment. Details : private sector projects in areas like wastewater treatment, solid waste management, health, water
Crew-1 Mission
Context : SpaceX’s Crew Dragon spacecraft will lift off carrying a crew of four people to the International Space Station (ISS) on a six-month-long mission. Details of the Crew-1 Mission : The mission is part of NASA’s Commercial Crew Program, whose objective is to make access to space easier in terms of its cost. This
PLI Scheme extended to 10 key Sectors
Context : The Union Cabinet has unveiled the Production-Linked Incentive (PLI) Scheme to encourage domestic manufacturing investments in ten key sectors. PLI Scheme The PLI scheme aims to boost domestic manufacturing and cut down on imports by providing cash incentives on incremental sales from products manufactured in the country. Besides inviting foreign companies to set
Mary Wollstonecraft – ‘Mother of Feminism’
After a decade-long campaign, Mary Wollstonecraft, the 18th century British feminist writer and philosopher often regarded as the ‘mother of feminism’ was honoured with a memorial statue at Newington Green in north London, where she spent a considerable part of her life. About ‘Mary Wollstonecraft’ Mary Wollstonecraft is best known as the writer of the
OTT Platforms
The government has brought video streaming over-the-top (OTT) platforms such as Netflix, Amazon’s Prime Video, Hotstar, and others under the ambit of the Ministry of Information and Broadcasting. These platforms were so far under the purview of the Ministry of Electronics and Information Technology. With a market size of nearly Rs 500 crore at the end of
Obscenity under Section 294
Recently, a model-actor was booked for ‘obscenity’ for running nude on a beach in Goa. An FIR was filed against him under Section 294 (obscenity) of the Indian Penal Code. Background of Section 294 The law is one from colonial times, with roots in the Victorian era. Section 294 of the IPC deals with obscenity,
Viability Gap Funding for PPP in Infrastructure Projects
The Cabinet Committee on Economic Affairs has approved the continuation and revamping of the Scheme for Financial Support to Public Private Partnerships (PPPs) in Infrastructure Viability Gap Funding (VGF) Scheme till 2024-25 with an outlay of Rs 8,100 crores. What are ‘Public-Private Partnerships’? Public-private partnerships involve collaboration between a government agency and a private-sector company
Production Linked Incentive Scheme
The Union Cabinet has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports. SECTOR IMPLEMENTING MINISTRY/DEPARTMENT Advance Chemistry Cell (ACC) Battery NITI Aayog and Department of Heavy Industries Electronic/Technology Products Ministry of Electronics and Information Technology Automobiles & Auto Components
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