Introduction to the PM Internship Scheme Overview of the Initiative The Prime Minister’s Internship Scheme (PMIS) is a new initiative announced in the Union Budget for the financial year 2024-25. It aims to provide internship opportunities for Indian youth in top companies, enhancing their practical skills and employability. The scheme is structured to offer internship…
India has become a major destination for foreign direct investment (FDI), attracting record inflows despite global economic uncertainties. The Department for Promotion of Industry and Internal Trade (DPIIT) reported a 15% year-on-year increase in FDI inflows in the first half of 2024, driven by the technology, manufacturing, and renewable energy sectors. Major investments have been…
India is grappling with rising inflation rates, driven by surging food and energy prices, which are putting a strain on household budgets and industrial costs. According to the Ministry of Statistics and Programme Implementation, retail inflation jumped to 6.8% in October, exceeding the Reserve Bank of India’s (RBI) comfort zone. Food inflation, particularly in essential…
Amid global economic uncertainties, India’s GDP growth forecast for the financial year 2024 has been revised by various economic institutions. The International Monetary Fund (IMF) recently adjusted India’s growth outlook to 6.3%, reflecting concerns over a slowing global economy and the effects of tighter monetary policies worldwide. The Reserve Bank of India (RBI) has also…
