Reports and Indices
World Social Protection Report (WSPR) 2024-26
▪ It was released by the International Labour Organization.
▪ As per the WSPR, India’s social protection coverage doubled from 24.4% in 2021 to 48.8% in 2024.
▪ 65% of India’s population (92 crore people) is covered under at least one social protection benefit (cash or in-kind), with 48.8% receiving cash benefits.
▪ A comprehensive Data Pooling Exercise: Conducted by the Union Labour Ministry in collaboration with the ILO, analyzing 200 crore records across 34 major Central schemes (e.g., MGNREGA, EPF, ESI).
▪ It does not account for: In-kind benefits provided to the citizens of the country (e.g., food security, housing benefits), State-administered social protection schemes.
Tax Structure in India
Anti-Dumping Duties
▪ India has recently introduced anti-dumping duties on five products imported from China.
▪ This decision aims to protect local industries from unfair competition posed by low-priced imports.
About Anti-Dumping Duties
▪ Anti-dumping duties are tariffs imposed on foreign imports believed to be priced below fair market value.
▪ These measures are in line with World Trade Organization (WTO) regulations.
▪ India has a growing trade deficit with China, which reached USD 85 billion in 2023-24.
▪ The Government of India is taking steps to safeguard its domestic industries.
