Economy DMPQ

The Washington Consensus is a set of ten free market economic policy prescriptions considered to constitute the “standard” reform package promoted for crisis-wracked developing countries by Washington, D.C. – based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. The prescriptions encompassed policies in such areas as … Read more

​​​​​​​​National Career Service is a Five Year Mission Mode Project launched by the Hon’ble Prime Minister on 20th July, 2015. The project is being implemented by the Directorate General of Employment, Ministry of Labour & Employment. National Career Service (NCS) is a one-stop solution that provides a wide array of employment and career related services … Read more

Farmers FIRST: The objectives of the ‘Farmer FIRST’ initiative is to move beyond the production and productivity and to privilege the complex, diverse & risk prone realities of the farmers through enhancing farmers-scientists contact with multi stakeholders participation for technology development and application. The project has been conceptualized with focus on Enriching Farmers –Scientist interface; Technology … Read more

Nutrient bases subsidy scheme is to ensure balanced use of fertilizers and to improve agriculture productivity. The major features of NBS are: Under the NBS Policy, a fixed amount of subsidy decided on annual basis isprovided on each grade of the subsidized Phosphatic & Potassic (P&K) fertilizersdepending upon its nutrient content.Minimum Retail Price (MRP) of … Read more

The food processing sector comprises of three segments based on the levels of processing Primary processing of food Primary processing of food comprises of sorting, grading and packaging of fruits and vegetables, milk, rice, spices, etc. Secondary Processing of Food Secondary processing of food comprises of re-shaping of food for ease of consumption. It includes … Read more

The 1991 is a hallmark year as it launched Indian into a new era of economic freedom. It majorly changed our economy from controlled to a free economy. One of the ingredient was tax reforms. The major changes one can observed in the tax system are as follows: Widening of tax bases both by addition … Read more

Start up India was launched to build a strong ecosystem for nurturing innovation and startups in the country which will drive economic growth and generate large scale employment opportunities.  Start Up India scheme shows government recognition of the potential of start ups. It tries to utilise India’s IT prowess and to converge it to develop … Read more

The Fund was established with a corpus of 500 crore which aims to establish price stability through Promotion of direct purchase from farmers /farmers’ associations at farm gate/Mandi. Maintaining a strategic buffer stock that would discourage hoarding and unscrupulousspeculation. Protecting consumers by supplying such commodities at reasonable prices throughcalibrated release of stock. It is a … Read more

Industry is not the substitute of agriculture, rather they are complementary to one another. Both these sectors are so attached with each other that it is not possible to increase the growth of one sector sector without the improvement of the other sector. If agriculture is considered as the ‘heart’ of the country, then obviously … Read more

Ministry of Human Resource Development has announced a new PPP Scheme, National Educational Alliance for Technology (NEAT) for using technology for better learning outcomes in Higher Education. The objective is to use Artificial Intelligence to make learning more personalised and customised as per the requirements of the learner. This requires development of technologies in Adaptive … Read more