Economy

The development of small scale industrial sector has been one of the major planks of India‟s economic development strategy since independence. India accorded high priority to this sector from the very beginning and pursued support policies to make these enterprises viable and vibrant. Despite numerous protection and policy measures for the past so many years … Read more DMPQ: What are the opportunities and challenges confronting the Indian small scale industrial sector in the era of globalization

Gujarat: Online consent system for environment clearances Geographic Information System (GIS)-based land identification system Maharashtra: Unified process with single identification for Value Added Tax and Professional Tax registration Time required for getting an electricity connection has been reduced to 21 days from 67 days and procedures involved has been cut down to 3 from existing … Read more DMPQ: Explain the State Government initiatives for Ease of doing business.

Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency The term was used by the International Finance Corporation (IFC) to evoke the culture and cuisine of India Unlike dollar bonds, where the borrower takes the currency risk, masala bond makes the investors bear the risk The first … Read more DMPQ :What are masala bonds? Explain their significance (ECONOMY)

CAATSA stands for countering American adversaries through trade  act. As the name suggest, it is an act passed by the US congress and it sanctions trade in the field of defence, energy etc. with Russia, Iran and North Korea. This act is going to affect India-Russia and India-Iran Relations. CAATSA, if implemented in its stringent … Read more DMPQ: CAATSA was recently in news. What is CAATSA? How it will affect India? (IR)

The Agreement on Trade-Related Investment Measures (TRIMs) are rules that apply to the domestic regulations a country applies to foreign investors, often as part of an industrial policy. The agreement, concluded in 1994, was negotiated under the WTO’s predecessor, the General Agreement on Tariffs and Trade (GATT), and came into force in 1995. The agreement … Read more DMPQ: What do you mean by Trade-Related Investment Measures (TRIMs) ?

Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, industry and services. Agriculture includes crops, horticulture, milk and animal husbandry, aquaculture, fishing, sericulture, aviculture, forestry and related activities. Industry includes various manufacturing sub-sectors. India’s definition of services sector includes its construction, retail, software, IT, communications, hospitality, infrastructure operations, education, health … Read more DMPQ: Write and Essay on the Sectoral Composition with respect to contribution to Gross Domestic Product (GDP) and Employment

Foreign capital flow in a country can take place either in the form of investment, concessional assistance, foreign aid. Foreign Investment includes Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) / Foreign Institutional Investment (FII). FPI includes the amounts raised by Indian corporate through Euro Equities, Global Depository Receipts (GDR’s), and American Depository Receipts … Read more DMPQ: What are the Forms and types of foreign Capital

  In formulating the recommendations in respect of the level of minimum support prices and other non-price measures, the CACP takes into account a comprehensive view of the entire structure of the economy of a particular commodity or group of commodities. Other Factors include cost of production, changes in input prices, input-output price parity, trends … Read more DMPQ: Examine the methods for the calculation of MSP.

There are 3 methods to calculate the National income.These methods are given by Simon Kuznets. PM (Product Method) or Product service method. IM (Income Method) CM (Consumption Method) or expenditure method. In India the combination of Product method and Income methods is used for calculating the National Income.   PRODUCT METHOD: NI = GDP  – income earned in … Read more DMPQ: Explain in detail the methods to calculate National Income.

Pros Economic planning is assumed to modify the restraining influence of limited resources by recogniz­ing the existence of particular constraints and by choosing and coordinating investment projects so as to channel these scarce factors into their most productive outlets. Planning is necessary to take care of the poor and the downtrodden who have little asset … Read more DMPQ: Evaluate the pro and cons of decentralized economic planning.