UPSC Exam > UPSC Notes > Current Affairs & Hindu Analysis: Daily, Weekly & Monthly > PIB Summary- 11th March, 2025
PIB Summary- 11th March, 2025 | Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC PDF Download
HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY 2023-24
Context
The National Statistics Office (NSO) conducts surveys on household consumption expenditure at regular intervals under the Ministry of Statistics & Programme Implementation (MoSPI).
Introduction
- The latest survey (HCES: 2023-24) was conducted from August 2023 to July 2024, with findings published in January 2025.
Data Collection and Accuracy Measures
- The survey uses Computer Assisted Personal Interview (CAPI) and web-based applications for data collection.
- Built-in validation mechanisms help ensure accuracy by flagging implausible or inconsistent responses.
- Multi-level data scrutiny and validation checks minimize errors and improve efficiency.
Categories of Data Collected
Information was collected on 405 items of food and non-food consumption.
Survey Coverage and Sampling Methodology
- Conducted across all States/UTs, except inaccessible villages of Andaman & Nicobar Islands.
- Villages are first-stage units in rural areas, while urban blocks are used for urban areas.
- Households are selected randomly using statistical methodology (SRSWOR).
Household Stratification
- In rural areas, households are categorized based on land possession.
- In urban areas, households are classified based on ownership of four-wheelers:
- High-income group: Households with cars worth more than ₹10 lakh.
- Middle-income group: Households with cars worth ₹10 lakh or less.
- General category: Remaining households.
Conclusion
This survey ensures comprehensive data collection to understand spending patterns across different sections of society.
Question for PIB Summary- 11th March, 2025
Try yourself:What is the duration of the Household Consumption Expenditure Survey 2023-24?
View Solution
Lok Sabha Passes Bills of Lading Bill, 2025, Modernizing 169-Year-Old Colonial Shipping Law
Context
The Lok Sabha has passed the Bills of Lading Bill, 2025, modernizing India’s shipping laws by replacing the colonial-era 1856 Act.
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Comparison of Bills of Lading Act, 1856 vs. Bills of Lading Act, 2025
Question for PIB Summary- 11th March, 2025
Try yourself:
What significant change does the Bills of Lading Bill, 2025 bring to India's shipping laws?View Solution
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FAQs on PIB Summary- 11th March, 2025 - Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC
| 1. What is the significance of the Bills of Lading Bill, 2025, passed by the Lok Sabha? |  |
| 2. How does the Bills of Lading Bill, 2025, impact the shipping industry in India? | |
Ans. The Bill impacts the shipping industry by providing a more contemporary legal framework that addresses current challenges and practices in maritime transport. It facilitates better documentation, reduces disputes over cargo claims, and aligns Indian laws with international standards, ultimately fostering a more competitive shipping environment.
| 3. What are the key features of the Bills of Lading Bill, 2025? | |
Ans. Key features of the Bills of Lading Bill, 2025, include provisions for electronic bills of lading, clearer definitions of the rights and duties of carriers and shippers, and specific regulations for the transfer of ownership of goods. These features aim to enhance operational efficiency and legal certainty in shipping transactions.
| 4. Why was there a need to modernize the colonial shipping law in India? | |
Ans. The need to modernize the colonial shipping law arose from the significant changes in global trade practices, technological advancements, and the complexities of current shipping operations. The outdated law was no longer effective in addressing contemporary challenges, necessitating a legislative update to support the growth of India's maritime sector.
| 5. What implications does the Bills of Lading Bill, 2025, have for international trade? | |
Ans. The Bills of Lading Bill, 2025, has positive implications for international trade as it aligns Indian shipping laws with global standards, thereby enhancing India's credibility and competitiveness in international markets. Improved legal clarity and efficiency are expected to attract more foreign investment and facilitate smoother trade relations.
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