APPSC Prelims and Mains Notes, APPSC Test Series
It has been reported that while addressing the NCAER-organised India Policy Forum 2021, the Finance Secretary, TV Somanathan, said that the government continues to work on its stated position that most of the public sector banks will be eventually privatised. In fact, he was responding to a suggestion by Montek Singh Ahluwalia that the government … Read more
The Indian textile and apparel sector, with $37 billion exports and $85 billion domestic consumption, is one of the largest employers in the country. Every $1 billion additional exports in apparel manufacturing can create 1.5 lakh new jobs. If we capitalise on the current China-plus-One opportunity, Indian exports will grow in double digits for the … Read more
. While the reasons for adopting a centrally directed strategy of development were understandable against the background of colonial rule, it, however soon became clear that the actual results of this strategy were far below expectations. Instead of showing high growth, high public savings and a high degree of self-reliance, India was actually showing one … Read more
. A plan should have some clearly specified goals. The goals of the five year plans were: growth, modernisation, self-reliance and equity. This does not mean that all the plans have given equal importance to all these goals. Due to limited resources, a choice has to be made in each plan about which of the … Read more
In 1991, India met with an economic crisis relating to its external debt — the government was not able to make repayments on its borrowings from abroad; foreign exchange reserves , which we generally maintain to import petroleum and other important items, dropped to levels that were not sufficient for even a fortnight. The crisis … Read more
Financial sector includes financial institutions, such as commercial banks, investment banks, stock exchange operations and foreign exchange market. The financial sector in India is regulated by the Reserve Bank of India (RBI). You may be aware that all banks and other financial institutions in India are regulated through various norms and regulations of the RBI. … Read more
A Farming Agreement under the Act is a written agreement between the farmer/Farmer Producer Organisation (FPO) and sponsor (the person purchasing the farming produce) in respect of any farming produce. Under the Act verbal agreements are not recognized. When a sharecropper is involved in the agreement, he may be made responsible for receiving and using … Read more
While India has become surplus in most Agri-commodities, farmers have been unable to get better prices due to lack of investment in cold storage, warehouses, processing and export as the entrepreneurial spirit gets dampened due to Essential Commodities Act. Farmers suffer huge losses when there are bumper harvests, especially of perishable commodities. The legislation will … Read more
Out of 189 countries, India has ranked 131 on the Human Development Index 2020 prepared by the United Nations Development Programme (UNDP). With an HDI value of 0.645, the country fell in the medium human development category. The UNDP has revised and updated the underlying data and adjusted the goalpost, making it difficult to accurately … Read more
. A major benefit for the source region is the remittance sent by migrants. Remittances from the international migrants are one of the major sources of foreign exchange. In 2002, India received US$ 11 billion as remittances from international migrants. Punjab, Kerala and Tamil Nadu receive very significant amount from their international migrants. The amount … Read more