Economy DMPQ

    Establishment of state level regulatory authorities- Real Estate Regulatory Authority (RERA)- the Act provides for State governments to establish more than one regulatory authority Functions: Register and maintain a database of real estate projects; publish it on its website for public viewing, Protection of interest of promoters, buyers and real estate agents development … Read more

With growing sectors like automotive components, pharmaceuticals, cement, textiles, FMCG and e-commerce, there was the need of the healthy and efficient logistics sector. India rank 35 out of 160 in the logistics performance index. ( This is quite low). Hence GOI recently granted infrastructure status to the logistics.   Major benefits attached by granting infra. … Read more

NPCSCB has been carefully designed to lay the foundations for capacity building for Civil Servants so that they remain entrenched in Indian Culture and sensibilities and remain connected, with their roots, while they learn from the best institutions and practices across the world. The Programme will be delivered by setting up an Integrated Government Online … Read more

Under the Monetary Policy Framework Agreement, the RBI will be responsible for containing inflation targets at 4% (with a standard deviation of 2%) in the medium term. Under Section 45ZA(1) of the RBI Act, 1934, the Central Government determines the inflation target in terms of the Consumer Price Index, once in every five years in … Read more

‘Late Converger Stall’ refers to the phenomenon wherein a low-income country that hopes to grow into a middle or high-income country, after witnessing a period of high economic growth, fails to achieve its goal. Instead, it gets trapped in its lower income status due to various reasons. Rapid growth witnessed by such countries turns out … Read more

The National Intellectual Property Rights (IPR) Policy 2016 was adopted on 12.5.2016 as a vision document to guide future development of IPRs in the country. This has led to the following achievements:- Strengthening of Institutional Mechanism Clearing Backlog/ Reducing Pendency Increase in Filings of Patents IP Process Re-engineering Creating IPR Awareness vi.        IPRs in School … Read more

Unorganised sector: unorganised sector  is defined as a  production or service oriented enterprise owned by individuals or self employed workers (one who is not working for an employer and is engaged in an unorgnised sector job earning an income below a threshold or owning land below a notified limit) and if workers are employed, then … Read more

NITI aayog(National Institute for transforming India)  is a policy think tank of the Government of India to achieve sustainable development goals and to achieve cooperative cooperative federalism by enhancing the role of state government in the economic policy making and to make bottom up approach a reality. The role of NITI aayog will be: Bring … Read more

Fiscal consolidation means providing ways and means to strengthen the government finance and reduction in both deficits and accumulation of debt stock. It is critical as it provide macroeconomic stability.     It can be achieve in simple terms by increasing the revenue and reducing the expenditure. The following are the ways through which FD … Read more

Prime Minister Narendra Modi launched the Make in India initiative on September 25, 2014, with the primary goal of making India a global manufacturing hub, by encouraging both multinational as well as domestic companies to manufacture their products within the country. The initiative aims to raise the contribution of the manufacturing sector to 25% of … Read more