Economy

The development of small scale industrial sector has been one of the major planks of India‟s economic development strategy since independence. India accorded high priority to this sector from the very beginning and pursued support policies to make these enterprises viable and vibrant. Despite numerous protection and policy measures for the past so many years … Read more DMPQ: What are the opportunities and challenges confronting the Indian small scale industrial sector in the era of globalization

Global MPI is an international measure of multidimensional poverty covering 107 developing countries and was first developed in 2010 by Oxford Poverty and Human Development Initiative (OPHI) and United Nations Development Programme (UNDP) for UNDP’s Human Development Reports. The Global MPI is released at the High-Level Political Forum (HLPF) on Sustainable Development of the United … Read more DMPQ- Critically analyse the Indian performance in Global Multidimensional Poverty Index.

Start up India was launched to build a strong ecosystem for nurturing innovation and startups in the country which will drive economic growth and generate large scale employment opportunities.  Start Up India scheme shows government recognition of the potential of start ups. It tries to utilise India’s IT prowess and to converge it to develop … Read more DMPQ: Start up India scheme

Bank rate:  Bank rate is the rate at which RBI lends long term to commercial banks. Bank rate is a tool which RBI uses for managing money supply.   Merchant discount rate: It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time … Read more DMPQ: Explain the following terms: ( Econmomy) a) Bank rate b) Merchant discount rate c) Open Market operations d) Repo rate e) MSF

In India there is large inequality in terms of wealth. To set off this bridge Govt resorts to  subsidies for resource redistribution and to achieve social welfare of the masses. Over the periods of time different political class have used subsidies to garner votes. There are various advantages of subsidies:   Empowerment and security to … Read more DMPQ: Subsidies are always been a major tool for the inclusivity. Comment on its efficacy. (Economy)

: Brent Crude is a major trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent Crude is extracted from the North Sea and comprises … Read more DMPQ: What is brent crude? What are the impact of rising oil prices on India?

Bad bank or PARA (Public Sector Asset Rehabilitation Agency) was proposed in Economic Survey 2016-17. Bad Bank is an institution which specializes in loan resolution process, so that banking system is free to focus on core banking solutions. Need for PARA According to Economic Survey, need for PARA arises because: Early resolution so that Funds for creation … Read more DMPQ:What is bad bank? Why there is need of Bad bank?

Industrial Corridor refers to a set of infrastructural spending allocated to a specific geographical area, with the aim of stimulating industrial development. An industrial corridor aims to crease an area with a cluster of manufacturing or other industry. The major Indian Industrial Corridors are: Delhi-Mumbai Industrial Corridor (DMIC); Bengaluru- Mumbai Economic Corridor (BMEC); Chennai-Bengaluru Industrial … Read more DMPQ- List out the major Indian Industrial Corridors of India

Current weekly status:  The Current Weekly Status (CWS) approach to measuring unemployment uses seven days preceding the date of survey as the reference period. A person is considered to be employed if he or she pursues any one or more of the gainful activities for at least one-hour on any day of the reference week. … Read more DMPQ- Explain the following terms: a) Current weekly status b) Current daily status

Demand Pull Inflation:  The term demand-pull inflation usually describes a widespread phenomenon. That is, when consumer demand outpaces the available supply of many types of consumer goods, demand-pull inflation sets in, forcing an overall increase in the cost of living.  When demand surpasses supply, higher prices are the result. This is demand-pull inflation. A low … Read more DMPQ- Explain the following term: • Demand pull inflation • Cost Push Inflation