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
198 articles in this topic
Articles on Government Policy
India’s DBT System Yields
In News Indias Direct Benefit Transfer (DBT) framework is offering valuable insights for governments worldwide revising their social protection systems. The Direct Benefit Transfer (DBT) system It was launched on January 1, 2013, to reform government welfare delivery by simplifying processes, ensuring accurate targeting of beneficiaries, reducing fraud, and facilitating faster flow of information and funds. The DBT Mission, originally in the Planning Commission, was transferred to the Cabinet Se
India’s Aviation Industry: From Regional Runways to Global Routes
In News Indias aviation sector is undergoing major infrastructure expansion and regional connectivity enhancement. Indias aviation sector It is growing and includes scheduled air transport (domestic and international airlines), non-scheduled services (charter and air taxis), and air cargo (cargo and mail transport). It is witnessing rapid growth, driven by rising demand and strong government support through strategic policies.
Cruise Tourism in India
Context India is leveraging its extensive coastline and inland waterways to unlock the economic and tourism potential of cruise tourism What is Cruise tourism? Cruise tourism refers to travel for leisure or recreational purposes on a cruise ship where the voyage itself and the ships amenities are a part of the experience, along with the different destinations along the route. It encompasses a range of activities offered both onboard and offboard, tailored to enhance the tourists experience.
Viksit Bharat (Developed India) by 2047
Context Lok Sabha Speaker Om Birla outlined a comprehensive roadmap for achieving the national vision of Viksit Bharat (Developed India) by 2047. About India’s vision for 2047, known as ‘Viksit Bharat’ (Developed India), aims to transform the nation into a developed economy by the time it celebrates its 100th anniversary of its independence. The four pillars of Viksit Bharat are Yuva (Youth), Garib (Poor), Mahila (Women) and Kisan (Framers).
Steering the Decarbonisation of India’s Logistics Sector
In News Indias logistics sector is one of the most carbon-heavy in the world and it needs to undergo a sustainable transformation. Indias logistics sector It is crucial for the country’s economic growth, facilitating the efficient movement of goods and services across its vast territory. As India aims to achieve a GDP of US$ 5.5 trillion by 2027, transforming its logistics sector becomes essential.
Making Primary Health Care Visible, Accessible, and Affordable
Context In India, the government has been working to transform primary health care through innovative policies and programs, addressing challenges such as accessibility, affordability, and visibility. About the Primary Healthcare in India According to WHO, Primary Health Care (PHC) is a whole-of-society approach to effectively organize and strengthen national health systems to bring services for health and wellbeing closer to communities. It aims to provide accessible, affordable, and comprehens
Disinvestment in India: Path for Fiscal Sustainability
Recent developments indicate that the Indian government may be losing momentum in its disinvestment drive, raising concerns about its long-term economic implications.
NITI Aayog’s Report on Hand and Power Tools Sector
In News NITI Aayog launched a report on Hand and Power tools sectors – ‘Unlocking $25+ Billion Export Potential India’s Hand Power Tools Sector’. About the report The report underscores the transformative potential of the hand and power tools industry for India’s economic growth, delving into the challenges, policy headwinds, and necessary interventions vital for strengthening the Indian hand and power tool ecosystem. It outlines a strategic path for the sector to enhance its global competitiven
The Magic of Indian Silk
Context Indias raw silk production increased from 31,906 MT in 2017-18 to 38,913 MT in 2023-24. What is Sericulture? Sericulture is the process of farming silkworms to make silk.
Plastic Parks in India
In News The Plastic Parks scheme is promoting industrial growth and environmental sustainability in India’s plastics sector. Plastic Park It is an industrial zone specifically designed for plastic-related businesses and industries. It aims to consolidate and synergize the capacities of the plastic processing industry, promoting investment, production, and exports while generating employment.
National Critical Mineral Mission
In Context The National Critical Mineral Mission (NCMM) was launched in 2025 to establish a robust framework for self-reliance in the critical mineral sector. About Critical minerals are essential for clean energy technologies like solar panels, wind turbines, EVs, and energy storage systems. To secure these resources, India launched the NCMM to ensure their long-term availability and processing.
One State One RRB: Amalgamation of Regional Rural Banks (RRBs)
Context Recently, the Department of Financial Services (DFS) has notified amalgamation of 26 Regional Rural Banks (RRBs) on the principles of ‘One State One RRB’. About Regional Rural Banks (RRBs) Background: These were established in 1975, following the recommendations of the Narasimham Working Group and the enactment of the Regional Rural Banks Act in 1976. It was aimed to provide financial services to rural areas, particularly to small and marginal farmers.
MUDRA Scheme: Boon For Micro Enterprises in India
Micro Units Development and Refinance Agency (MUDRA) Ltd and Pradhan Mantri Mudra Yojana (PMMY) completed 10 years on April 8, 2025.
Pradhan Mantri MUDRA Yojana completes 10 Years
In News On 8 April 2025, India marked 10 years of the Pradhan Mantri MUDRA Yojana (PMMY). About the Scheme Launched: April 2015 Objective: To provide collateral-free institutional credit to non-corporate, non-farm micro and small enterprises.
Indian Financial Regulators Need More Autonomy: IMF-World Bank Report
In News A global report on Indias financial system, based on an IMF-World Bank assessment, suggests strengthening the power and independence of financial regulators (including the RBI, SEBI, and IRDAI) through legislative reforms. Financial Regulators In India Indias financial system is regulated by various authorities that ensure transparency, stability, and accountability in the markets. These regulators are crucial for maintaining a fair, orderly, and efficient financial environment, which su
Domestically Manufactured Iron & Steel Products Policy-2025
The Centre has introduced the DMISP Policy – 2025 with a sharp focus on self-reliance and domestic value addition in the steel sector.
Cape Town Convention
The Rajya Sabha passed The Protection of Interests in Aircraft Objects Bill, 2025, a landmark legislation aimed at giving legal force to international treaties governing aviation finance.
Energy Statistics India 2025
Recently, the Ministry of Statistics and Programme Implementation (MoSPI) has unveiled its annual publication, ‘Energy Statistics India 2025’, through the National Statistics Office (NSO).
Union Cabinet Approved Electronics Component Manufacturing Scheme
The Union Cabinet chaired by the PM approved the Electronics Component Manufacturing Scheme with a funding of Rs.22,919 crore to make India Atmanirbhar in the electronics supply chain.
Equitable Distribution: PAC Report On GST
The 19th report of Parliament’s Public Accounts Committee (PAC) called for a comprehensive overhaul of the GST framework, proposing a revamped ‘GST 2.0’ to address procedural inefficiencies and compliance challenges.