One District, One Product Initiative (ODOP) - All you need to know

One District, One Product Initiative is a remarkable step in boosting domestic manufacturing based on the strengths of a district and priorities of the nation. It will help to make India self-reliant or Atma Nirbhar.

Objective of One Product, One District

The objective of One District, One Product Initiative is to convert each District of the country into an export hub by: 

• identifying products with export potential in the District, 
• addressing bottlenecks for exporting these products, 
• supporting local exporters, 
• manufacturers to scale up manufacturing,
• find potential buyers outside India with the aim of promoting exports, 
• promoting manufacturing & services industry in the District
• generate employment in the District.  

Balance of Payment (BOP) - All you need to Know

What is Balance of Payment (BOP)?

Balance of Payment (BOP) is a statement prepared by the central bank of the country as per the format provided by IMF to record the transactions in goods, services and assets taken place between the residents of the country and rest of the world for a specific time period.

Residents of the country consist of: 

• individuals, 
• companies and 
• government.

Finance Commission (Article-280)

Finance Commission is a constitutional body appointed by President of India as mandated by the Article 280 of the Constitution of India.

The role of Finance Commission is to give suggestions on Centre-State financial relations and recommends on the distribution of net proceeds of taxes between the Centre and States.

Strategic Petroleum Reserves (SPRs) in India - Know All The Facts

Strategic Petroleum Reserves (SPRs) are underground oil storage facilities created and managed by Indian Strategic Petroleum Reserves Limited (ISPRL) to meet the domestic demands of petroleum in case of extremities and mitigate the effect of sudden rise in crude oil prices or disruptions in oil supply. SPRs store crude oil in addition to the stock held by Indian refineries.

Let's discuss all the facts about Strategic Crude Oil Reserve in the context of India and how it would be significant in ensuring India's energy security.

Topics covered:

1) What are Strategic Petroleum Reserves (SPRs)?

2) Who gave idea to build Strategic Petroleum Reserves in India?

3) Who will manage SPRs?

• Indian Strategic Petroleum Reserves Limited (ISPRL)
• Functions of ISPRL

4) Ideal location for creating SPR

5) Investment required for creating SPRs

• Why investment through PPP model is favoured?

6) Why India needs Strategic Oil Reserve?

7) Significance of Strategic Petroleum Reserves

US-India Strategic Partnership Forum (USISPF) - All you need to know

What is USISPF?

US-India Strategic Partnership Forum (USISPF) is a non-profit organization, established in 2017 that works for the partnership between India and the U.S.

• Chairman of USISPF: John Chambers
• Headquarter: Washington DC, USA

Topics Covered:

1)  Objective of USISPF

2)  6 Pillars of USISPF

3)  Importance of USISPF

4)  Annual Leadership Summits of USISPF

5)  Initiatives of USISPF