CURRENT AFFAIRS

Detailed explanation-1: -In fact, nominal GDP growth had summed to over 80 percent between 2011 and 2016 and hence was in line with the growth of the currency bills to be demonetized.” The Union cabinet was apprised of the plan on 8 November 2016 in a meeting in the evening convened by Prime Minister Modi.

Detailed explanation-2: -Make in India is an initiative taken by the government with an objective of transforming India into a manufacturing and designing hub. The government had decided to primarily focus on 25 major sectors during the initial days of this campaign.

Detailed explanation-3: -The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors. New Processes: ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.

Detailed explanation-4: -Introduction. Make in India is a major national programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country.