Will mega textile parks help boost the sector?

GS Paper 3  Syllabus: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment   Source: TH  Context: The central government announced that 7 mega textile parks would be set up under the ₹4,445-crore PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme in the first phase. Textile and Apparel …

Understanding IMF bailouts

GS Paper 2  Syllabus: Important International Institutions, agencies and fora – their Structure, Mandate   Source: TH  Context: The International Monetary Fund (IMF) confirmed a $3 billion bailout plan for Sri Lanka’s struggling economy and is also in negotiations with Pakistan for a $1.1 billion bailout plan.   Background: The IMF was set up in …