Economy DMPQ

Recently Trump administration decided to do away with relaxation to major importers of Iran’s oil resource. US govt. has decided to be more proactive and want more imposition of sanctions on Iran to derail Iranian economy and eventually dis courage nuclear activity and funding to terrorist groups. This step is going to affect India as … Read more

Open Acreage Licensing Policy (OALP) gives an option to a company looking for exploring hydrocarbons to select the exploration blocks on its own, without waiting for the formal bid round from the Government. UnderOpen Acreage Licensing Policy (OALP), a bidder intending to explore hydrocarbons like oil and gas, coal bedmethane, gas hydrate etc., may apply … Read more

According to the scheme, The States and Union Territories are required to complete the works of household electrification by the 31st of December 2018. The beneficiaries for free electricity connections would be identified using Socio Economic and Caste Census (SECC) 2011 data. However, un-electrified households not covered under the SECC data would also be provided electricity connections … Read more

Objective It aims to promote cities that provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment and application of ‘Smart’ Solutions. It aims to focus on sustainable and inclusive development and to set examples that can be replicated both within and outside the Smart City, catalysing … Read more

The committee, set up in 2015 to recommend measures to enhance combat capability and rebalance defence expenditure of the armed forces, has submitted its final report in December 2016. The committee said that if recommendations are implemented, the government can save up to Rs. 25,000 crore from the current expenditure. The major recommendations are as follows: … Read more

While globalization does provide for means of betterment for economies, it has some  inherent challenges which will have to be addressed: While decisive thrust on exports is required, there would be pressures for liberal imports which could create issues in the domestic sector by making imported goods  cheaper threatening domestic goods. Already, the Indian market … Read more

Establishment of Some More Agencies Apart from Food Corporation of India, some more agencies should be set up for ensuring rational prices of other agricultural products and also for procuring other agricultural products. In the meantime the government has already set up Cotton Corporation and Jute Corporation, which needs to be further strengthened. Extension of … Read more

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

the farmer who has been deprived for so many years, will now be empowered to determine the price of his agricultural produce. He will also have the choice whether to sell in the Agricultural Produce Market Committee (APMC) or in a free market. He is now empowered with the right to determine to sell at … Read more

. Micro finance institutions, as a concept have their genesis in  Bangladesh, pioneered by Mohammed Yunus, for which he was awarded the Nobel Prize, as  successful institutions for reaching out to the last unit of any economy not possible through  banks and directly contributing to the uplift of the poor especially rural women. In India, … Read more