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Uttar Pradesh Chief Minister Yogi Adityanath recently announced a 36,000 crore rupees farm loan waiver which could trigger similar decisions by the Pu
APMC act forces the farmer to sell their agricultural produce only to middlemen approved by the government in authorized mandis. These middlemen often
GST is being hailed as the game changer for India’s economy and is being labelled as the biggest change in the Constitution since India’s independence
The NITI Aayog has been charged with developing a 15-year Vision, a seven-year Strategy and a three-year Implementation framework. Although expectedly
Background · The Union government has come up with the Model Shops and Establishment (Regulation of Employment and Conditions of Service) Bill, 2016 t
To mark the achievements of working men and women in India, let us take stock on this Labour Day. We must begin by acknowledging that 83 percent of In
The present economic debate is over-determined by two realities which, moreover, are connected as we sometimes tend to forget. On one hand we have the
India’s farm dependent economy has been trying hard to increase productivity for a long time in an attempt to ensure food security to its huge populat
An analysis of the debt and deficit of states based on the budget estimates of 2016–17 shows that almost half of them have a fiscal deficit target hig
India’s leading corporates have too much debt on their balance sheets; this keeps them from making fresh investment. Banks are weighed down by a mount
Yojana Gist: Issue March 2017 Budget 2017-18 Preface: Every issue of Yojana deals with a single topic comprehensively sharing views from wide ranging
On the surface, India's economy looks solid heading into 2016, with third quarter 2015 growth up 7.4% over third quarter 2014. Industrial production a
The human development concept was developed by economist Mahbub ul Haq. At the World Bank in the 1970s, and later as minister of finance in his own co
The third tier of governance have been often termed as an appendage since it continously lags in funds with respect to its developmental initiatives.
Yojana Gist: February 2017 Less Cash Economy Preface: Every issue of Yojana deals with a single topic comprehensively sharing views from wide ranging
ADVANCING OF THE UNION BUDGET This year the Union Budget was presented on February 1, a month before the usual schedule. Although there is no provisio
Context: Economy today has become one of the most complex system all around the globe. The world has come a long way from barter trading (although not
Frontline Gist: Issue December 23, 2016 Unkindest Cut Government announced move of demonetization on 8th November 2016 in which the government declare
Frontline Gist: Issue December 9, 2016 Monumental Blunder: Government announced move of demonetization on 8th November 2016 in which the government de
For a developing country like India it is essential to build its fiscal strength both internally as well as externally. The internal strength helps it
Even after three decades of sustained economic growth and a proliferation of welfare schemes, roughly one in three Indians still live below the povert
Land leasing in India is legally governed by multiple laws enacted by states within their respective jurisdiction. As a result, there is no uniformity
Frontline Gist: Issue August 5, 2016 Unequal Growth The myth of Growth (Related Article: The myth of growth, by C.P. Chadershekhar, page no. 4) • Libe
LOW TAX-TO-GDP RATIO OF INDIA For any economy, taxation is the key to long run socio-economic development. For India too, taxation is the chief tool o
INDEPENDENT FISCAL COUNCIL India requires strong institutions for macroeconomic governance to manage the vagaries of business cycles and contain high
PUBLIC SECTOR BANKS CONSOLIDATION & MERGER The IMF’s Global Financial Stability Report released in April made a strong case for bank consolidation, pa
One of the leading issue in Indian economy is the effort made by the government to tackle the problem of black money and related illegal economic acti
Amidst the global slowdown, the European Central Bank in 2014 lowered its key interest rates to below zero in order to boost growth. The central banks
The concept of gender budgeting is a nineties’ trend that has been introduced mostly in Commonwealth countries. Australia was the first country to imp
Making India a developed economy has been an unending process. Since 70 long years post independence we as a country (though not as a nation) have bee
Since 8 November 2016, for the third time in modern Indian history, the central government has declared notes of certain denominations to no longer be
Ever since the second five year plan an unbalanced growth strategy has served as a benchmark for India's planned economic development. However, at a f
The rapid decline in poverty in India between 2005 and 2012, the most recent period for which data are available, was driven mainly by higher labour e
Under Constitution of India, agricultural marketing is a state (provincial) subject. While intra-state trades fall under the jurisdiction of state gov
To revive manufacturing in India isn't easy as over the years we have lost ground in this area. Any policy will need a holistic approach. Several manu
A recent survey by the Labour Bureau depicted a creation of only 1.35 lakh jobs in 2015 as compared to 9 lakh in 2011 and 4.19 lakh in 2013 in eight l
The Economic Survey of 2015-16 acknowledges that one of the critical challenges confronting the Indian economy is ‘the twin balance sheet’ problem. Th
The Monetary Transmission Mechanism is the process by which asset prices and general economic conditions are affected as a result of monetary policy d
India's tax to GDP ratio is one of the worst globally. Undeclared income has been ferreted away over the years and currently estimated to run into tri
With less than one year left for the roll out of the much awaited GST, various apprehensions have emerged regarding the preparedness of the Indian Eco
Transparency in public finance is a constant preoccupation of modern administrations and citizenries, as the publicity of public expenditure and borro
The article will discuss what GST network is all about, what are the issues and apprehensions surrounding it, the relevance of these apprehensions and
Bharat is a spiritual culture, but that does not mean people just sat with their eyes closed. These are not people who stayed home. They went across t
Reserve Bank of India (RBI) as the custodian of monetary policy in India was established upon recommendations of Hilton Young Commission as per provis
Small Banks Small banks have been recommended by several experts and committees like Narsimhan committee etc. In 2014 RBI invited licences for small b
Recently Indian steel sector has been badly hit by stagnation in domestic demand and surge in cheap imports. The writeup discusses the issue along wit
The wedge between CPI- and WPI-based inflation during the current financial year has been significantly wide. While WPI-based inflation continues to b
Objectives: The objective of Goods and Services Tax is to replace indirect tax regime in India by a single tax known as GST. The unified taxation regi
The contribution of India’s manufacturing sector to GDP has been stagnant at 16% for many years now while that of services sector has steadily increas
Background: Budget 2006-07: GST by April 1, 2010, announced. Subsequently, Empowered Committee (EC) of state Finance Ministers tasked with drawing up
Foreign investments in India have broadly been categorized as Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI). The reason for t
India is a Federal state. Power is divided between the Union and the states. The functions have been classified as exclusively for the centre, exclusi
Growth refers to increase in size or quantity such as height, weight and income of an individual/entity. Growth is therefore quantifiable in terms of
The National Agricultural Market (NAM) platform mooted by the government to integrate agricultural mandis across the country in order to provide bette
The 2008 global financial crisis. The US Federal Reserve which is a parallel of India’s RBI, has been treading an accommodative monetary policy since
Demographic change in India is opening up new economic opportunities. As in many countries, declining infant and child mortality helped to spark lower
Thomas Piketty (French economist who works on wealth and income inequality) is the author of the best-selling book Capital in the Twenty-First Century
The aviation industry in India has evolved significantly over the last couple of decades. Indian aviation sector is presently ranked among the top ten
Poverty in India – Poverty Line Poverty line correspond to a total household per capita expenditure sufficient to provide, in addition to basic non-fo
Various commodities have been used as money; typically, the one that loses the least value over time becomes the accepted form. The use of gold as mon
The scientific study of pests and pest control strategies is often called economic entomology in recognition of the financial impact insects have on i
Foreign direct investment (FDI) is a direct investment into production or business in a country by an individual or company of another country, either
India is the Saudi Arabia of renewable energy sources and, if properly utilized, India can realize its place in the world as a great power — but polit
In the early 1930s a need was felt to capture all economic transactions by individuals, companies, and the government in a single measure. It was esse
India is the first non-communist country in the world to have an Industrial Policy. This is because India follows a mixed economy and Industrial Polic
The Indian entrepreneurship is not a recent phenomenon, the business genes go far back into the Harappan age which had both land and sea business deal
The bill seeks to regulate transactions between buyers and promoters of real estate projects to ensure: Consumer protection Standardisation of busines
Legal meaning of the terms bankruptcy, insolvency, liquidation and dissolution have been contested in the Indian legal system. There was no regulation
What are Green Bonds These bonds are structured like ordinary bonds but will invest in only those companies and projects that help in reducing carbon
Yojana January Issue: Article from web-exclusive edition Analysis of the article: The given article discusses the emerging concept of Narrow banking(P
Key Announcements a) Irrigation Creation of a dedicated long term irrigation fund in NABARD with an initial corpus of about Rs. 20,000 crore and raisi
The context: Amidst the volatile economic environment globally, India is a stable economy & an outpost of opportunities backed by its stable microecon
I. Irrigation Focus should be 'more crop per drop'with adoption of appropriate technologies such as micro irrigation through suitable pricing. There i
About the Policy 1. The policy is formulated as “The Indian Mineral Policy, 2008” for non-fuel and non-atomic minerals strength of the country. 2. It
During the current fiscal, Ministry of Finance has undertaken various initiatives and measures for enhancing the Revenue Collection ,easing and formul
Equity crowd funding is the name given to the process whereby people (the “crowd”) invest in an unlisted company (a company that is not listed on a st
What was the need of such a policy? • The SEZ Policy of India came in to existence because the economic reforms promulgated and implemented in the ear
In the past seven years, the country's youngest regulator- the Competition Commission of India - has seen many of its headline-hogging orders make cor
About Policy 1. This policy was approved by Cabinet Committee on Economic Affairs (CCEA) in 2015 with the main focus to help in facilitating new inves
GI(Geographical Indications) are signs used on goods that have a specific geographical origin and possess qualities or a reputation that are due to th
A patent is an exclusive right granted for an invention, which is a product or a process that provides a new way of doing something, or offers a new t
This century witnessed new resurgent India which is soon going to be fastest growing economy in world by surpassing China. No doubt India's growth in
Defining Startup U.S. Small Business Administration describes it as a "business that is typically technology oriented and has high growth potential. P
Several new initiatives have been undertaken by the Government of India under the leadership of Prime Minister Shri Narendra Modi, to make development
Major initiatives and Achievements:- POLICY & LEGISLATION MMDR Act, 1957 – Introduction of Auctions: The MMDR Act, 1957 has been amended by the MMDR A
Contribution to Food Security Rainfed areas in India are highly diverse, ranging from resource rich areas to resource-constrained areas. Some of the r
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme which guarantees 100 days of wage employment per year to rural households,
The Potential The inland water transport was an important mode earlier, but it declined after the coming of railways. The inland water transport is a
The food processing sector has emerged as an important segment of the Indian economy in terms of its contribution to GDP, employment and investment. D
The poverty measure itself is a statistical function which translates the comparison of the indicator of well being and the poverty line which is made
A common method used to measure poverty is based on incomes or consumption levels. In India, a person is considered poor if his or her consumption or
Poverty has traditionally been measured in one dimension, usually income or consumption. This means that whether a person is poor or not decides on th
India is the world’s largest producer of sugarcane and second largest producer of sugar after Cuba. The sugar industry contributes significantly to so
China’s economic slowdown in 2015 will have important consequences for countries in the region and beyond. After three decades of double-digit g
The concept of human development involves understanding of the human condition with its core being the capability approach. The human condition is def
Foreign Direct Investment, commonly referred to as FDI is an investment made to acquire lasting or long-term interest in enterprises operating outside
Even after the 70 years of independence, more than 50 % of total populations don’t have any bank account. Expectations of poor people from the f
More than 70% of our population lives in the rural areas, 33% of total poor lives in India, More than 50% of total population doesn’t have any b
Housing for All by 2022” aimed for urban areas with following components/options to States/Union Territories and cities:- Slum rehabilitation of
The Prevention of Money Laundering Act (PMLA), 2002 was enacted in January, 2003. The Act along with the Rules framed there under have come into force
Main criticism of 7th Pay commission revolve around the increase in financial burden on exchequer , high inflation, and fiscal deficit of government.
Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched on 25th December 2000 as a fully funded Centrally Sponsored Scheme to provide all weather road c
The term diaspora is used to refer to any people or ethnic population forced or induced to leave their traditional ethnic homelands; being dispersed t
Fisheries are an important sector. Fisheries supports livelihood of almost 1.5 million peoples in our country. India is one of the leading producers o
The most common types of criminals who need to launder money are drug traffickers, embezzlers, corrupt politicians and public officials, mobsters, ter
The Directorate of Enforcement was established in the year 1956 with its Headquarters at New Delhi. It is responsible for enforcement of the Foreign E
Investopedia defines money laundering as, "The process of creating the appearance that large amounts of money obtained from serious crimes, such
Efforts pursued by the RBI for financial inclusion are: No frills accounts In many banks, the requirement of minimum balance and charges levied, altho
The financial inclusion can be seen to have two categories of barriers, viz., demand and supply side barriers. The factors that drive these barriers a
Released by Union Ministry of Commerce & Industry, the major highlights of the policy are as follows: Increase exports to USD 900 billion by 2019-
THE recent volatility in global stock markets, the slowdown in China and the yuan devaluation have all combined to create a situation of uncertainty a
The importance The manufacturing sector is crucial for employment generation and development of an economy. Historically, the development processes ha
The impact of these developments on India has been largely positive so far. The country imports 80 per cent of its crude oil requirements so the huge
Uttar Pradesh Chief Minister Yogi Adityanath recently announced a 36,000 crore rupees farm loan waiver which could trigger si...
COMMUNALISM DURING FREEDOM STRUGGLE: HISTORY AND IMPACT COMMUNALISM: THE CONCEPT AND STAGES OF DEVELOPMENT IN INDIA The term ...
Kambala, a popular race event in Karnataka, is often compared to Jallikattu, but the way the two rituals are conducted is vas...
APMC act forces the farmer to sell their agricultural produce only to middlemen approved by the government in authorized mand...
Chandra Shekhar Azad was an Indian freedom fighter who had a revolutionary bent of mind in his initial years but later turned...
What Was the Great Depression of 1929? The Great Depression of 1929 was a worldwide economic depression that lasted for 10 ye...
GST is being hailed as the game changer for India’s economy and is being labelled as the biggest change in the Constitution s...
GM mustard, or DMH11, has been developed by a team of scientists in Delhi University and may be granted permission to be grow...
Recent Observations One of the most dramatic effects of global warming is seen in the Arctic region. In recent years the ice ...
In the mid-18th century, similarities between Europe and Asia were far more significant than the differences. Indeed, demogra...
The Revolt of 1857 is one of the most important chapters in the history of India’s struggle for freedom. There is a lack of c...
Global terrorism is one of the biggest threats of 21st century. Terrorism is defined as “calculated use of violence of threat...
Women were traditionally at a disadvantage in most societies especially by the end of 17th century. The advent of Industrial ...
National Consciousness was an outcome of the overall impact of British rule and its exploitative policies. The British coloni...
The Concept In broad terms civil society is commonly defined as the area outside family, market and state, encompassing a spe...
Cabinet has decided to abolish Foreign Investment Promotion Board (FIPB). This decision is taken by the government because in...
Paytm has finally rolled out its Payments Bank. The digital wallet and e-commerce service provider received the final license...
The government’s ambitious Strategic Partnership (SP) model for promoting Indian private industry participation in defence ma...
The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank” is a proposed agency to assume the Non-Pe...
The Union Cabinet has given its approval for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent ...
Objectives of Demonetization Demonetisation is a radical unprecedented step by the Government to seize the status of 500 and ...
Short term impact Stock of black money fell, as some holders came into the tax net Private sector wealth declined, since some...
Guiding Principles of Setting up UBI Define the non-deserving based on ownership of Key assets (for instance a person owing a...
India’s constitutional provisions that favour creation of GST : Article 301 establishes the fundamental principle that India ...
The Centre will soon begin work on a Rs. 11,000-crore project to provide road connectivity to 44 Naxal-affected districts, in...