Economy
Government Policy
Welcome to the dedicated study hub for Government Policy, a cornerstone of your UPSC Civil Services Examination preparation, particularly within the broader domain of Economy. Government Policy
196 articles in this topic
Articles on Government Policy
7 Projects Approved Under Electronics Component Manufacturing Scheme
In News The Ministry of Electronics and Electronics Technology announced seven projects amounting to ₹5,532 crore, five of which are in Tamil Nadu, and one each in Madhya Pradesh and Andhra Pradesh, under the Electronics Component Manufacturing Scheme (ECMS). About the Electronics Component Manufacturing Scheme (ECMS) The Scheme was notified in April 2025 with a total outlay of ₹22,919 crore. ECMS has a tenure of 6 years (FY 2025–26 to FY 2031–32) with incentives given to both greenfield (new) a
DAY-NRLM: One of the World's Largest Initiatives to Improve Livelihoods of Poor
Context The Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM), implemented by the Ministry of Rural Development, is one of the world’s largest poverty alleviation programmes. About the Mission Launch: It was launched in 2010 by restructuring the earlier Swarnajayanti Gram Swarozgar Yojana (SGSY), the initiative was renamed in 2016 as Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM). Aim: It is a centrally sponsored scheme, aimed to reduce rural po
Fiscal Challenges of Indian Municipalities
Context Urban India drives nearly two-thirds of the national GDP but remains financially weak, with municipalities controlling less than one per cent of tax revenue. Concerns over Fiscal Architecture of Municipalities The 74th Constitutional Amendment Act (1992) empowered Urban Local Bodies (ULBs) to perform 18 functions listed in the 12th Schedule, including water supply, waste management, and public health. However, the corresponding financial devolution has been weak and inconsistent across S
PM GatiShakti National Master Plan Completed 4 Years
Context PM GatiShakti National Master Plan for multi-modal connectivity has completed four years. PM GatiShakti National Master Plan (PMGS-NMP) It was launched in 2021 for providing multimodal connectivity infrastructure to various economic zones and improving logistics efficiency across India. It is not under a single ministry but is coordinated by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
Draft Shram Shakti Niti, 2025 Unveiled
Context Recently, the Union Ministry of Labour Employment has unveiled the Draft National Labour and Employment Policy, titled as Shram Shakti Niti 2025, aimed at reshaping India’s labour landscape. About the Shram Shakti Niti 2025 It aims to build a labour ecosystem that is inclusive, equitable, and resilient, ensuring dignity, protection, and opportunity for every worker, rooted in the civilizational ethos of śrama dharma—the moral value of work.
Why Indian Capital Needs to Invest Domestically?
The ongoing global economic uncertainty, marked by protectionist measures and trade distortions demands a shift toward an inclusive economic system—one that prioritizes public welfare alongside private capital interests.
Regulatory Negligence in India’s Pharma Industry
Recent tragic incidents involving contaminated cough syrup and the resulting deaths of several children have placed India’s reputation as the ‘pharmacy to the world’ under scrutiny.
Paramparagat Krishi Vikas Yojana (PKVY): Nurturing Organic Farming in India
Context The Paramparagat Krishi Vikas Yojana (PKVY), launched in 2015 under the National Mission for Sustainable Agriculture, has emerged as a flagship initiative to promote organic farming in India. What is Organic farming? Organic farming is a sustainable agriculture system that excludes synthetic inputs like chemical fertilizers and pesticides.
NITI Aayog Launches Tax Policy Working Paper to Boost Foreign Investment
Context NITI Aayog released the first working paper under the NITI Tax Policy Working Paper Series–I, titled Enhancing Tax Certainty in Permanent Establishment and Profit Attribution for Foreign Investors in India, focusing on improving tax certainty and attracting more foreign investment. Importance of Tax Certainty Foreign investment is important: India has received rising FDI inflows, from about USD 6 billion in 2005–06 to USD 50 billion in 2024–25. Unclear rules create problems: Foreign comp
Union Cabinet Approves ‘National Pulses Mission’
In News The Union Cabinet, chaired by the Prime Minister has approved the Mission for Aatmanirbharta in Pulses. About ‘National Pulses Mission’ It is a six-year initiative which was announced in the FY 2025-26 Budget and will be implemented from 2025-26 to 2030-31, with a financial outlay of Rs 11,440 crore. It is a landmark initiative aimed at boosting domestic production and achieving self-sufficiency (Aatmanirbharta) in pulses.
Analysing Indian States’ Macro-Fiscal Health
Context A recent decadal analysis by the Comptroller and Auditor General (CAG) reveals how Indian States are managing their finances — balancing growth, welfare, and sustainability. About the Macro Fiscal Health of Indian States It refers to the overall financial stability, efficiency, and sustainability of State-level public finances. It’s a composite measure that evaluates how States in India manage their revenues, expenditures, deficits, and debt, and ensures adequate investment in developmen
Skilling Crisis in India & National Skill Development Corporation (NSDC)
The ongoing crisis like financial irregularities, weak oversight, and structural misalignment in the National Skill Development Corporation (NSDC) has revealed deep flaws in India’s approach to public-private partnerships (PPPs) in skill development.
Clean Plant Programme
In News The Clean Plant Programme (CPP) is moving from vision to action, with field-level initiatives like nursery certification, training for authorities, crop-specific diagnostic protocols, and funding guidelines. The Clean Plant Programme (CPP) It was conceptualized by the Ministry of Agriculture Farmers Welfare in collaboration with the Asian Development Bank. The National Horticulture Board (NHB) serves as an implementing and executing agency in association with Indian Council of Agricultur
Large Ships Granted Infrastructure Status
In News The Ministry of Finance has finally given infrastructure status to large ships, meeting one of the shipping industry’s longest-standing demands. About Large ships are defined as Indian-owned and flagged commercial vessels with a gross tonnage of 10,000 or more, or Indian-built, owned, and flagged commercial ships of 1,500 gross tonnage or more. The Ministry of Finance included large ships in the harmonized master list of infrastructure sectors under the Transport and Logistics category,
Assessment of Logistics Cost in India
Context The Union Minister of Commerce and Industry launched the report on Assessment of Logistics Cost in India. About Prepared by: The Industry and Commerce Departments. Comprehensive Framework: It provides a comprehensive framework by capturing logistics costs across different transport modes, product categories, and firm sizes.
India’s Manufacturing Momentum: Performance and Policy
In Context The Index of Industrial Production (IIP) showed a significant rise in July 2025, with overall growth at 3.5% and manufacturing growth at 5.4% year-on-year, mainly driven by manufacturing, reflecting rising demand and better capacity use. Present Status of India’s Manufacturing sector India’s manufacturing exports are growing steadily, with total exports rising 6.18% YoY to US$ 349.35 billion in April-August 2025. Merchandise exports grew 2.52% to US$ 184.13 billion.
Prime Minister Pushes for Local Production
Context PM Modi has urged Indians to buy made in India products, to build a developed India by 2047. About The PM MITRA park in Dhar is one of seven such establishments approved by the Union Ministry of Textiles. The other sites are Tamil Nadu’s Virudhnagar, Telangana’s Warangal, Gujarat’s Navasari, Karnataka’s Kalaburagi, Uttar Pradesh’s Lucknow, and Maharashtra’s Amravati.
Third Anniversary of the National Logistics Policy (NLP)
Context The Department for Promotion of Industry and Internal Trade (DPIIT) commemorates the third anniversary of the National Logistics Policy (NLP), launched in 2022. Key Achievements of India’s Logistics Sector The Unified Logistics Interface Platform (ULIP) has facilitated secure Application Programming Interface (API) integration across more than 30 digital systems. Ranking in 2023 Logistics Performance Index (LPI): India was ranked 38th place out of 139 nations, a notable improvement of si
CII Suggested Framework For a National Global Capability Centres (GCC) Policy
Context The Confederation of Indian Industry (CII) has unveiled a proposed National Framework for Global Capability Centres (GCCs). What are Global Capability Centres? Global In-house Centres or Captives (GICs) or Global Capability Centres (GCCs), are mainly offshore centres established by global level firms/MNCs to provide various services to their parent organisations.
Unlocking Innovation with India’s Procurement Reforms
Procurement policies and frameworks in India, often designed with transparency and cost-efficiency, frequently killing innovation by prioritising procedural compliance over scientific needs.