Economy

JAM stands for Jan Dhan Yojana, Aadhaar and Mobile number. The government intends to use these three modes of identification to implement one of the biggest reforms in independent India – direct subsidy transfers to the poor. Current subsidy schemes take an indirect route to reach the poor of the country. Examples are the PDS, … Read more DMPQ- What do you understand by the term JAM Trinity?

. In order to boost the MSME sector, several schemes are operational. Some of the major initiatives taken for the development of this sector are : Many financing bodies like IDBI and SIDBI provide concessional loans. Credit Guarantee Fund was established in 2000 to ensure supply of credit without  Credit Linked Capital Subsidy and Credit … Read more DMPQ- Discuss the initiatives taken by government taken to boost the MSME sector.

Operation Twist is a program of quantitative easing used by the Federal Reserve. The so-called “twist” in the operation occurs whenever the Fed uses the proceeds of its sales from short-term Treasury bills to buy long-term Treasury notes. Short-term instruments mature in three years or less while long-term notes and bonds have a term between … Read more DMPQ- Operation Twist

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 DMPQ- What are the effects of Black Money on Indian Economy?

Disinvestment means the dilution of stake of the Government in a public enterprise. According to the government, strategic disinvestment would imply the sale of a substantial portion of the Government shareholding of a central public sector enterprises (CPSE) of upto 50%, or such higher percentage as the competent authority may determine, along with transfer of management … Read more DMPQ- What is strategic disinvestment? Critically examine the challenges associated with disinvestment?

. Despite the efforts of the government as highlighted above infrastructural development  still has a few challenges as mentioned below: The World Economic Forum has ranked India in terms of infrastructure as 89 among 139 countries. Countries such as China have a rank of 50 and Brazil 62. This implies  that our infrastructure is viewed … Read more DMPQ- What are the key challenge of Infrastructure development in India ?

The National Agriculture Market is envisaged as a pan-India electronic trading portal which seeks to network the existing APMCs and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market but it has a physical market (mandi) at the back end. NAM is proposed to be achieved through … Read more DMPQ- What is National Agricultural Market (NAM)?

. Mission Pradhan Mantri Awas Yojana (Urban) for ensuring housing for all in urban areas was launched in 2015 which is to be implemented during 2015-22. The Mission provides central assistance to all eligible families/ beneficiaries across all statutory towns for houses included under the mission. The coverage of the Mission was earlier limited to … Read more DMPQ- Evaluate the progress made by the Pradhan Mantri Awas Yojana in achieving the goal of housing for all .

The Finance Minister has announced the biggest consolidation plan of Public sector Banks (PSBs)- merging 10 of them into just 4.  Merger is in line with the recommendation of Narsimhan committee recommendation of creating few banks of big size ( global average). There are no banks in top 50 global banks and the role of … Read more DMPQ- How does merger of banks affect the financial ecosystem. Critically analyse.

FRBM is fiscal responsibility and budget management act is an act of parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit , improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget. The main purpose of the budget was to eliminate the revenue deficit and to … Read more DMPQ: What is FRBM act? Why the objectives of FRBM were not achieved.