APPSC Prelims and Mains Notes, APPSC Test Series
Recapitalisation plan is a mechanism to deal with the problems of NPA in the financial institutions. It is one of the four R’s to address the issue of NPA’s. In Oct,17 Centre has announced a 2.11 lakh crore recapitalisation plan for the public sector banks over the next two years. The recapitalisation plan is a … Read more
Decoupling means Decline in the growth rate of India when world was facing positive growth rate. The Reasons for this decoupling can be attributed to Domestic reasons and the long term effect of balance sheet syndrome. Reasons are: Demonetisation exercise lead to negative growth rate. Problems in new Indirect tax reform GST. Twin balance … Read more
On May 12 GOI, announced a special economic package of Rs 20 lakh crore (equivalent to 10% of India’s GDP) with the aim of making the country independent against the tough competition in the global supply chain and to help in empowering the poor, labourers, migrants who have been adversely affected by COVID. Collateral free … Read more
GIFT stands for Gujarat International Finance Tec-City (GIFT). GIFT City is an emerging global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external … Read more
Digital Advancement of Rural Post Office for A New India (DARPAN) is aimed at realizing financial inclusion of un-banked rural population. The Project shall increase the rural reach of the Department of Posts and enable Branch Post Offices to increase traffic of all financial remittances, savings accounts, Rural Postal Life Insurance, and Cash Certificates etc. … Read more
Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta. Bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 90 days. For bad loans of ₹ 50-500 crore, banks will enter an inter-creditor agreement, authorizing the lead bank to implement a resolution plan in 180 days, … Read more
FAME stands for faster adoption and market creation of both hybrid and electric technologies vehicle in the country. The scheme is under Ministry of Heavy Industries and public enterprise. It was launched in 2015 under National electric mobility mission plan. The scheme aims to provide fiscal and monetary incentives for adoption and market creation of … Read more
Demonetisation was part of the move to curb corruption. It was one of the step to curb the system of black money. The major reasons for demonetisation were: India’s currency to GDP ratio was 12%. The value of the high currency notes also increased after increase in the standard of living. India’s economy is … Read more
IMPRINT: IMPRINT is the first of its kind MHRD supported Pan-IIT + IISc joint initiative to address the major science and engineering challenges that India must address and champion to enable, empower and embolden the nation for inclusive growth and self-reliance. This novel initiative with twofold mandate is aimed at: (a) Developing new engineering education … Read more
The decline in agriculture growth is attributed to two consecutive drought years; as 60% of Indian agriculture is rain-fed. A target of 4% growth has been envisaged for agriculture and allied sectors for twelfth plan period, however, the growth was (-) 0.2 per cent in 2014-15 & 1.1% in 2015-16. The depressing situation of agriculture … Read more