Economy

Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme was first announced in Budget 2018. The scheme would focus on managing and converting cattle dung and solid waste in farms to compost, biogas and bio-CNG. It wiill help in keeping the village clean while increasing the income of farmers and cattle herders.  Under it, villagers will be … Read more DMPQ- GOBAR DHAN Yojana.

The 1991 is a hallmark year as it launched Indian into a new era of economic freedom. It majorly changed our economy from controlled to a free economy. One of the ingredient was tax reforms. The major changes one can observed in the tax system are as follows: Widening of tax bases both by addition … Read more DMPQ: Post 1991 reform era has seen a major changes in the tax system. Discuss the changes( economics)

Prime Minister Narendra Modi launched the Make in India initiative on September 25, 2014, with the primary goal of making India a global manufacturing hub, by encouraging both multinational as well as domestic companies to manufacture their products within the country. The initiative aims to raise the contribution of the manufacturing sector to 25% of … Read more DMPQ: Why does make in India is essential for sustained growth of India?

Crowding out is an economic concept that describes a situation where government spending and borrowing reduces overall private sector consumption and investment. Crowding out can be caused by an expansionary fiscal policy financed by increased taxes, borrowing or both. Crowding out can refer to when government borrowing absorbs all the available lending capacity in the … Read more DMPQ-What do you understand by the term Crowding out effect?

Growth is inclusive when: It takes place in the sectors in which the poor work (e.g. agriculture); Occurs in places where the poor live (e.g. undeveloped areas with few resources); Uses the factors of production that the poor possess (e.g. unskilled labour); Reduces the prices of consumption items that the poor consume (e.g. food, fuel … Read more DMPQ- What do you mean by Inclusive growth? What are the salient features of Inclusive Growth?

Recommendations are as follows: Expand the outreach of the formal credit system to reach the really poor and needy. Reduce rate of interest for crop loans to 4 per cent simple, with government support. Moratorium on debt recovery, including loans from non-institutional sources, and waiver of interest on loans in distress hotspots and during calamities, … Read more DMPQ: Outline the recommendations of MS Swaminathan report on providing formal credit sources to the farmers.

SATAT initiative is aimed at providing a Sustainable Alternative Towards Affordable Transportation (SATAT) as a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs.  Compressed Bio-Gas plants are proposed to be set up mainly through independent entrepreneurs. CBG produced at these plants will be transported through cascades of cylinders to the … Read more DMPQ- SATAT Initiative

ODB aims at converting a class room into a digital class room and provide e-resources at any time and at any place to students.The digital board will be introduced all over the country in government and government aided schools from class 9th onwards as well as in higher education institutions.The Operation Digital Board (ODB) will be implemented in … Read more DMPQ- Operation Digital Board

Objectives of the Agriculture Export Policy are as under:   To double agricultural exports from the present US $ 30+ Billion to US $ 60+ Billion by 2022 and reach US $ 100 Billion in the next few years thereafter, with a stable trade policy regime. To diversify our export basket, destinations and boost high value and … Read more DMPQ: . What are the objectives of our agriculture export policy of India?

Due to globalization, the economies of world are more inter-connected than ever. With increased growth of economic activities around the world, it has impacted India’s GDP in several ways.   How global economic environment affects GDP of India: Global crisis will severely affect certain sector, which will then have spill over effects there by affecting … Read more DMPQ: Although India is one of the fastest growing economy the global environment is not conducive enough. Explain the interdependence of global economy with Indian economy.