Economy DMPQ

India  is  one  among the  few  countries in the world having government held stocks of  grains, for the following reasons: Buffer for meeting natural calamities Price stabilization in case   of   crop failures; Providing food grains under   public   distribution system. The government has buffer stock norms for different months in a year. At present, the  maximum … Read more

Contract farming is agricultural production carried out according to an agreement between farmers and a buyer, which places conditions on the production and marketing of the commodity. Contract farming (CF) is defined as forward agreements specifying the obligations of farmers and buyers as partners in business. Legally, farming contracts entail the sellers’ (farmers’) obligation to … Read more

Project Saksham: The project is for creation of a New Indirect Tax Network (System Integration) of the Central Board of Excise and Customs.  The project will help in Implementation of Goods and Services Tax (GST),  Extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT) and  Other taxpayer-friendly initiatives under Digital India and … Read more

Disinvestment, or divestment, refers to the act of a business or government selling or liquidating an asset or subsidiary or the process of dilution of a government’s stake in a PSU (Public Sector Undertaking). The concept of disinvestment follows the dictum: The government has no business to be in business. Thus, the government continues to … Read more

  To promote economic development activities of Safai Karamcharis and their dependents; To promote self-employment ventures for the benefit and /or rehabilitation of Safai Karamcharis and their dependents. To assist, through the State Scheduled Castes Development/finance corporation or any other Channelizing Agency designated by the State Government or Union Territory Administration and subject to the … Read more

Liberal entry of private sector and foreign banks. It is as a part of the reforms that today there are big private banks such as ICICI, HDFC, Axis and foreign banks such  as the Citi group, HSBC, Barclays operating along with the public sector banks. Public sector were provided greater autonomy to function in a … Read more

Steps to modernise agri are as follows: Increase area under irrigation. Increase adoption of hybrid and improved seeds. Dynamic seed development plans. States should aim to increase the seed replacement rate (SRR) to 33 per cent for self-pollinatedcrops and 50 per cent for cross-pollinated cropsin alternative years. Increase variety replacement ratio to phase out old … Read more

The government does not perform any business so it cannot earn money to spend. Hence,  the government has to raise the money from the economy to enable it to spend that  money in terms of requirements and national priorities. The government raises money  primarily through ‘taxes’ and the spending known as ‘public expenditure’. A policy … Read more

DRAFT NATIONAL RESOURCE EFFICIENCY POLICY was released by the Ministry for Environment, Forest and Climate Change for public comments.  The Policy notes that the material consumption in India has increased by six times from 1.2 billion tonnes in 1970 to 7 billion tonnes in 2015. It is expected to double by 2030, in view of … Read more

National Cooperative Development Corporation (NCDC) has introduced YuvaSahakar-Cooperative Enterprise Support and Innovation Scheme.  This is a youth friendly scheme which will attract youths to cooperative business ventures.  The scheme will be linked to Rs.1000 crore Cooperative Start-up and Innovation Fund (CSIF)‘.  The scheme envisages 2% less than the applicable rate of interest on term loan … Read more