Economy

Oil prices plummeted to $35/barrel and it saw the biggest fall in single day. The fall in oil prices are due to various reasons which are as follows: Failure of OPEC-plus cooperation. Russia rejected the request of Saudi request to effect more cuts in output given the fall in demand owing to the economic impact … Read more DMPQ- What are the reasons for sudden fall in the crude oil prices ?

Industry is not the substitute of agriculture, rather they are complementary to one another. Both these sectors are so attached with each other that it is not possible to increase the growth of one sector sector without the improvement of the other sector. If agriculture is considered as the ‘heart’ of the country, then obviously … Read more DMPQ- Explain the Interrelationship between agriculture and industry

Economic growth is inclusive when growth percolates to all the sectors of the economy and the development is not concentrated to certain pockets but in all region.  The growth should reduce the inequality between the rich and the poor. SALIENT FEATURES OF INCLUSIVE GROWTH Participation– People are able to participate fully in economic life and … Read more DMPQ- Inclusive growth is the major model to be focus by developing economies to achieve overall development. What are the characteristics of inclusive growth.

The Government of India encourages foreign investment in the automobile sector and allows 100 per cent FDI under the automatic route. Some of the recent initiatives taken by the Government of India are – The government aims to develop India as a global manufacturing centre and an R&D hub. Under NATRiP, the Government of India … Read more DMPQ- List out the Government Initiatives for the developement of Automobile Industry in India.

It is an information repositorythat collates all loan information of individuals andcorporate borrowers. A credit repository helps banks distinguish between a bad and a good borrower andaccordingly offer attractive interest rates to good borrowers and higher interest rates to badborrowers. The move is based on the recommendations of a committee, headed by Y.M.Deosthalee.PCR will address … Read more DMPQ: What are the uses of Public credit registry?(Economics)

MSP is a form of government intervention to insure the farmers against a steep decline in the prices of their goods and to help them prevent losses. The government of India sets the MSP twice a year for 24 commodities. This is done by the government to protect the farmers against a fall in prices … Read more DMPQ- What do you understand by Minimum support price? How it assure farmers from low income trap.

  Promotion of commodity-based farmers’ organisations such as Small Cotton Farmers’ Estates to combine decentralised production with centralised services such as post-harvest management, value addition and marketing, for leveraging institutional support and facilitating direct farmer-consumer linkage. Improvement in implementation of Minimum Support Price (MSP). Arrangements for MSP need to be put in place for crops … Read more DMPQ- It is imperative to raise the agricultural competitiveness of farmers with small land holdings. Outline the suggestions to improve the agricultural competitiveness.

The Ministry of Minority Affairs has started implementation of a scheme “Nai Roshni” for Leadership Development of Minority Women from 2012-13. The scheme aims to empower and instil confidence among minority women by providing knowledge, tools and techniques for interacting with Government systems, Banks and other institutions at all levels. The scheme is implemented through … Read more DMPQ: Nai Roshni scheme

FRBM is fiscal responsibility and budget management act is an act of parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit , improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget. The main purpose of the budget was to eliminate the revenue deficit and to … Read more DMPQ: What is FRBM act? Why the objectives of FRBM were not achieved.

NITI Aayog as guided by the central government has come up with a unique and promising idea of ‘Aspirational Districts Programme’ based on mass movement approach. The uniqueness of the programme lies in its approach and implementation based on creating a competitive environment and empowering State Governments (mains driver) diving respective districts as competitors. (total … Read more DMPQ-What is aspirational district Programme? What are its objectives?