India and the ILO signed an MoU on the International Reference Classification of Occupations to bridge global skill gaps, boost youth access to overseas jobs, enable skill recognition, and conduct sectoral studies in green, digital, and care economies.
Click to View MoreThe GST Compensation Cess is an additional tax levied on specific goods and services to compensate states for revenue losses incurred due to the implementation of GST. It was introduced because GST is a consumption-based tax, causing manufacturing states to lose revenue. Initially for five years, its collection has been extended to March 31, 2026.
Click to View MoreThe Production-Linked Incentive (PLI) scheme is a strategic economic plan aiming to transform India into a global manufacturing hub. It encourages large-scale investment, boosts exports, and creates jobs. Despite facing implementation challenges, its sectoral approach and performance-based design are crucial for its potential success.
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