Economy

  To promote economic development activities of Safai Karamcharis and their dependents; To promote self-employment ventures for the benefit and /or rehabilitation of Safai Karamcharis and their dependents. To assist, through the State Scheduled Castes Development/finance corporation or any other Channelizing Agency designated by the State Government or Union Territory Administration and subject to the … Read more DMPQ- What are the main objectives of National Safai Karamcharis Finance & Development Corporation (NSKFDC)

Financial inclusion is the pursuit of making financial services accessible at affordable costs to all individuals and businesses, regardless of net worth and size, respectively. Financial inclusion strives to address and proffer solutions to the constraints that exclude people from participating in the financial sector. It is also called inclusive financing. Government has launched various … Read more DMPQ- What is Financial inclusion? Suggest some ways to enhance Financial Inclusion in India?

Recapitalisation plan is a mechanism to deal with the problems of NPA in the financial institutions. It is one of the four R’s to address the issue of NPA’s.  In Oct,17 Centre has announced a 2.11 lakh crore recapitalisation plan for the public sector banks over the next two years. The recapitalisation plan is a … Read more DMPQ: . What is the recapitalisation plan for the banks? Discuss the implication of the plan. (Economy)

The current account shows the records of exports and imports of both the material goods and services of a country with the rest of the world. Export and import of goods are totally different from the export and import of services. While goods are tangible and called as merchandise or visible trade, and of which … Read more DMPQ- What do you mean by Current Account Deficit ?

The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowing. Current account deficit is when country’s export of goods, services and transfers are lesser than its imports of goods, services and transfers.   Impacts of Fiscal deficit: If unchecked it will lead to crowding out effect, manipulation of … Read more DMPQ: Why twin deficit is a concern for any economy? Outline the methods adopted by Government of India to deal with twin deficit.

:  According to a report of Oxfam international , India’s richest now hold 58% of country’s wealth. 57 billionaires in the country have the same wealth as that of the bottom 70% population, Wealth inequality is a serious issue. The reasons for wealth inequality are: Growing incidence of Tax avoidance and Tax evasion Existence of … Read more DMPQ: Wealth inequality is a serious concern for the Government around the world. What are the reasons for wealth inequality in India? List down the consequence of wealth inequality.

a) Tax havens: A tax haven is a country or territory where certain taxes are levied at low rate or not at all. The basic features of tax havens are nil or nominal rates, lack of effective exchange of information, no requirement of substantive local presence.     b) BEPS: Base erosion and profit sharing … Read more DMPQ: Explain the following terms ( Economy) a) Tax havens b) BEPS c) GAAR d) Transfer pricing

The Indian Council of Agricultural Research (ICAR) is an autonomous organisation under the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare , Government of India. Formerly known as Imperial Council of Agricultural Research, it was established on 16 July 1929 as a registered society under the Societies Registration Act, 1860 … Read more DMPQ- Write a short note on Indian Agricultural Research Council

Small and Medium-sized enterprises (SMEs) are labour intensive, have the advantage of low cost of production and can make good use of locally available resources pushing demand and growth. The sector offers a wide range of employment opportunities and absorbs most of the working age population. Majorly consists of handlooms, handicrafts, coir, sericulture, khadi and … Read more DMPQ-Small and Medium enterprises are key to the economic development of country. Comment

India’s GDP increased 7.2 per cent in 2017-18 and 7 per cent in 2018-19. India has retained its position as the third largest startup base in the world with over 4,750 technology start-ups.  India’s labour force is expected to touch 160-170 million by 2020, based on rate of population growth, increased labour force participation, and … Read more DMPQ- Write a short note on the recent Growth and Development experience of India.