Manufacturing Sector Current Affairs - 2020

GoI launches three new schemes to boost Electronics sector

On June 2, 2020, the Union Minister Ravi Shankar Prasad launched three new schemes to bbost electronics sector. They are Production linked incentive scheme, cluster scheme (EMC 2.0) and component manufacturing scheme (SPECS). The schemes were approved by the Union Cabinet in March 2020. About the schemes The schemes are expected to attract investments. They Read More…

India: The Second Largest Manufacturer of PPE in the world

On May 21, 2020, India became the second largest producer of Personal Protective Equipment in the world. China is the leading producer of PPE in the world. Highlights The Ministry of Textiles has been taking several measures to maintain the quality of PPE alongside manufacturing. Background Initially India faced several challenges in increasing quality PPE Read More…

Renewable Energy Parks to be set up in India

On April 18, 2020, the Ministry of Renewable Energy has initiated big action to set up Renewable Manufacturing parks in India. Highlights The Ministry of Renewable Energy initiated manufacturing hubs to meet domestic and global demands. In order to achieve this the central government has directed the states to identify land parcels between 50 acres Read More…

RBI launches OBICUS

On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March. Highlights The Capacity Utilisation declined to 68.6% from 69.1%. What is OBICUS survey? OBICUS is Order Books, Inventories and Capacity Utilization Survey (OBICUS). The survey provides an Read More…

Unemployment Rate in India has increased to 23% due to Lock Down

The Centre for Monitoring Indian Economy (CMIE) recently released a survey on the current unemployment situation in India. According to the survey, more than 20% of Indian Economy has lost their jobs since the lock down. Highlights The report said that the unemployment rate for the month of March is expected to be 8.7% as Read More…