Economy DMPQ

The fund was established with to mitigate volatility in the prices of agriculture produce. It was established with a corpus of 500 Crore which aims at price stability.  The fund will be utilised for  following purpose:   Direct purchase from farmers at farm gate Maintaining a strategic buffer stock that would discouraged hoarding and unscrupulous … Read more

A negotiable instrument is a signed document that promises a sum of payment to a specified person or the assignee. In other words, it is a transferable, signed document that promises to pay the bearer a sum of money at a future date or on-demand. The payee, who is the person receiving the payment, must … Read more

PDS was establish to procure gain and other cereals from farmers and distribute it through a subsidised scheme to those most vulnerable to hunger. It was started in the late 1960s and was subsequently expanded to rural districts.   The scheme in principal can be faulted but in practice the result have been abysmal. According … Read more

Net domestic product (NDP) represents the net book value of all goods and services produced within a nation’s geographic borders over a specified period of time. Net domestic product provides insight into the age or obsolescence of a country’s assets, as well as how much the country has to spend to maintain its current GDP. After all, if the country … Read more

RMSA has following objectives:- To ensure that all secondary schools have physical facilities, staffs and supplies at least according to the prescribed standards through financial support in case of Government/ Local Body and Government aided schools, and appropriate regulatory mechanism in the case of other schools. To improve access to secondary schooling to all young … Read more

A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when looking to invest in particular jurisdictions, and also takes into account political risk. The “country risk rankings” … Read more

Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country. It is computed by aggregating the distance to frontier scores of different economies. The distance to frontier score uses the ‘regulatory best practices’ for doing … Read more

JAM Trinity holds the key to one of the biggest pieces of reform ever attempted in India — direct subsidy transfers.  An abbreviation for Jan Dhan Yojana, Aadhaar and Mobile number. The government is pinning its hopes on these three modes of identification to deliver direct benefits to India’s poor.   Benefits of JAM are as … Read more

The Finance Minister has announced the biggest consolidation plan of Public sector Banks (PSBs)- merging 10 of them into just 4.  Merger is in line with the recommendation of Narsimhan committee recommendation of creating few banks of big size ( global average). There are no banks in top 50 global banks and the role of … Read more

Unified payment interface project is to move the country towards a more cashless model. The objective is to achieve financial inclusion. New features in UPI 2.0 Linking of overdraft account – Apart from the savings and current accounts, the UPI users can now link their overdraft account to it and all the facilities and benefits … Read more