The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) , introduced in 2005 by the Ministry of Rural Development , is one of the world's largest work guarantee programs.  It aims to strengthen livelihood security in rural areas by providing 100 days of assured wage employment each year to adult members of rural households willing to engage in unskilled manual labor. This initiative plays a vital role in promoting economic stability, empowering communities, and fostering sustainable development across India's rural landscape. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) stands as a monumental testament to India's commitment to social welfare and rural empowerment. Enacted in 2005, this groundbreaking initiative has evolved into one of the most significant pillars of support for rural populations across the country. Imagine a program that guarantees 100 days of wage employment annually to adult members of rural households—this is not jus...

Minerals Security Partnership (MSP)

🔴MSP
⚜️Why In News?
👉Recently, India has shown interest in joining the USA-led Minerals Security Partnership (MSP). 
✴️Key facts 👉
✅Minerals Security Partnership (MSP) is a US-led partnership initiative that aims to bolster critical mineral supply chains.
✅The new grouping is aimed at catalysing investment from governments and the private sector to develop strategic opportunities.
🚩The US and 10 partners — 🔹Australia, 🔹Canada,🔹 Finland🔹, France,🔹Germany, 🔹Japan, 🔹the Republic of Korea (South Korea),🔹 Sweden,🔹 the United Kingdom, and🔹 the European Commission — have come together🤝 to form the 👉MSP. 
🔱Significance
👉Critical minerals:
📝Demand for critical minerals, which are essential for clean energy and other technologies, is projected to expand significantly in the coming decades. 
📝The MSP will help catalyse investment from governments and the private sector for strategic opportunities — across the full value chain — that adhere to the highest environmental, social, and governance standards.
🔶some extra bites👉 What is China Plus One?
📝The strategy is also known simply as Plus One, is the business strategy to avoid investing only in China and diversify business into other countries.

Comments

Popular posts from this blog

Is the Sanctity of Parliamentary Debate, Which Lies at the Core of Democratic Decision-Making, Being Compromised?

‘India had parliamentary institutions when people of Europe were mere nomads’

Dr. D.C. Wadhwa & Ors. vs. State of Bihar & Ors. case of 1986