APPSC Prelims and Mains Notes, APPSC Test Series
The Scheme of Mega Food Park aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximizing value addition, minimizing wastage, increasing farmers income and creating employment opportunities particularly in rural sector. The Mega Food Park Scheme is based on “Cluster” approach … Read more
Objective: Government has launched the Pradhan Mantri Kisan Maan DhanYojana (PM-KMY) on 12.9.2019 with a view to provide social security to Small and Marginal Farmers in their old age when they have no means of livelihood and minimal or no savings to take care of their expenses. Benefits: Under this scheme, a minimum fixed pension … Read more
India Cash/GDP ratio is 12.24% which makes it one of the largest cash based economy. But there are certain problem for a cashless economy especially for India as : ‘ There is low penetration of internet. Last mile connectivity especially in rural sector is quite low which creates hurdle in digitisation of economy. Lack of … Read more
SHAKTI stands for Scheme for Harnessing and allocating Koyala Transparency in India. It is a transformational policy for auction and allotment of coal linkages. This policy will award fuel supply agreements to coal plants already holding letter of assurance. Coal linkage would be allocated to state owned power distribution companies. The major objective to bring … Read more
Current account: Current account refers to the account maintained by every government of the world in which every kind of transaction is shown, this account is maintained by the central banking body. Current transactions of an economy in foreign currency all over the world- export, import, interest payments, foreign investments in share. Capital account: … Read more
Financial problems The paucity of adequate and timely finance and credit is the main setback in the development of SSI units. It is even worse in case of cottage and village industries. The capital base of the small industrial units is usually very weak since they generally have partnership or sole proprietorship form of organization. … Read more
. First, India’s imports comprises of essentials such as crude petroleum, machineries and fertilizers which become expensive raising their prices facilitating ‘import’ of inflation. India is very susceptible to a stubborn and sticky inflation. It hurts the masses in terms of across the board higher prices. All imports become expensive including raw materials, goods and … Read more
Various investment models which have emerged in recent times especially in post-reforms and also from experiences of emerging marker economies (EMEs). These models are not alternates to each other but are only variants of investment models. The policy support will require well-drafted ‘futuristic policies’ in different areas especially in the areas of ‘pricing and tax … Read more
Effect of Black Money on Indian Economy Black money is a socioeconomic evil. The existence of rapidly growing black money in our economy has grave and disastrous consequences. The major effects of black money are discussed below: Dual Economy The increase in the amount of black money in India over a period of time lead to the … Read more
Fiscal deficit refers to the excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year. Fiscal Deficit = Total Budget Expenditure – Total Receipts excluding borrowings = Revenue Expenditure + Capital Expenditure – Revenue receipts – Capital Receipts of only non-debt type Implications of high fiscal deficit on economy: … Read more