Aartee Mishra is teaching live on Unacademy Plus
Daily Lecture Series A brief summary of Indian Economy Industry and nfrastructure unacademy (S By Aartee Mishra -D s$
/am Aartee Mishra Graduated from Delhi University, Topper in all my semesters, Pursuing P.G and preparing for CSE. 2 Years of teaching experience of General Studies for competitive examination Have been teaching on Unacademy Plus
Sectorial Concerns Due to several global and domestic reasons two industrial sectors, namely - steel and aluminum - are presently faced with certain challenges India is the fourth largest producer of crude steel in the world having 5 per cent share in the global production. Global demand of steel has been near -stagnant forcing global prices to fall up to 45 per cent This has made major global steel producers to 'push' steel products into Indian market, thus raising two major concerns: A surge in steel imports Interest of domestic steel industry hit hard.
Sectorial Concerns The Gol took the following measures to curb the surging steel imports and make domestic production sustainable: Custom duty increased by up to 2.5 per cent on certain primary iron and steel products Anti-dumping imposed on industrial grade steel imports from China, Malaysia and S. Korea (ranging from US$180 to $316 per tonne). Similar measures were taken by 40 other countries in the world Provisional safeguard custom duty of 20 per cent imposed on hot-rolled flat products of non-alloy and other alloy steel in coils Minimum import price imposed on a number of steel product for a six month period Reduced export duty on iron ore to 10 per cent for select steel (from 30 per cent)
FDI POLICY MEASURES Foreign direct investment (FDI) is an important driver of economic growth which helps in-sustaining high growth rate, increasing productivity, a major source of non-debt financial resources, and employment generation A favourable policy regime and sound business environment facilitate FDI flows. The government has taken various reforms to liberalizing and simplifying the FDI policy to provide ease of doing business climate in the country that will also lead to larger FDI inflows A number of sectors have been liberalized, including defence, construction, broadcasting, civil aviation, plantation, trading, private sector banking, satellite establishment and operation and credit information companies
FDI POLICY MEASURES By early 2017, the government had taken the following policy steps to promote FDI in the economy: Up to 49 per cent FDI permitted in insurance and pension funds (26 per cent under automatic route) and defence sector 100 per cent FDI permitted in manufacturing of medical devices; the white label ATM and railway infrastructure 100 per cent FDI allowed in marketing of food products produced and manufactured in India (Union Budget 2016-17) To undertake important banking sector reforms and public listing of general insurance companies undertake significant changes in FDI policy (Union Budget 2016-17) Reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction Companies, Stock Exchanges (Union Budget 2016- 17) A new policy for management of the PSUs, including strategic disinvestment-this is supposed to have liberal provisions for the FDI (Union Budget 2016-17) .
Comprehensive course of Art and Culture with Brief Indian History Comprehensively cover entire Art and Culture with Brief History Aartee Mishra of India Course Starting 18th June, 11am-12pm Unacademy Plus Elaborately explain topics V24 detailed lessons covering all the essential topics related to from History UPSC Civil Services Prelims and Mains Examination Art and Culture with Brief History from NCERT books Medieval History, Art & Culture from Tamil Nadu History book on #At the end of the program adept and able to solve the exam based test papers
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