Economy

National Statistical Office (NSO) released the first advance estimates of the national income that projected growth in India’s GDP at market prices for 2019-20 at 4.98% in “real” terms, the lowest since the 3.89% in the global financial crisis year of 2008-09. But even more significant was the estimated growth of 7.53% in “nominal” terms, which … Read more DMPQ- The estimated growth of 7.53% in ‘nominal’ terms is the lowest since 1975-76. Also, this is the first time since 2002-03 that nominal GDP growth is projected to be in single digits. Why is this a major concern?

National Cooperative Development Corporation (NCDC) has introduced YuvaSahakar-Cooperative Enterprise Support and Innovation Scheme.  This is a youth friendly scheme which will attract youths to cooperative business ventures.  The scheme will be linked to Rs.1000 crore Cooperative Start-up and Innovation Fund (CSIF)‘.  The scheme envisages 2% less than the applicable rate of interest on term loan … Read more DMPQ:YuvaSahakar Scheme

Objective It aims to promote cities that provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment and application of ‘Smart’ Solutions. It aims to focus on sustainable and inclusive development and to set examples that can be replicated both within and outside the Smart City, catalysing … Read more DMPQ- What are the objectives of Smart Cities Mission? Evaluate the mission with sugestive measures.

SFIO stands for serious frauds investigation office. It is a investigation agency which is under the jurisdiction of ministry of corporate affairs.  The mandate of SFIO is as under: The SFIO is involved in major fraud probes and is the co-ordinating agency with the Income Tax Department and the Central Bureau of Investigation. It is … Read more DMPQ: What is the mandate of SFIO? ( ECONOMY)

GINI INDEX: The Gini index is a simple measure of the distribution of income across income percentiles in a population. A higher Gini index indicates greater inequality, with high income individuals receiving much larger percentages of the total income of the population. Global inequality as measured by the Gini index increased over the 19th and … Read more DMPQ- Explain the following: a) GINI INDEX b) LAFFER CURVE

Open market operations is the sale and purchase of securities, bills and bonds of government as well as private financial institutions by the Central Bank. This is one of the qualitative too available with the central bank to deal with inflation and money supply in the economy. Functioning:  If the central bank sells these instruments, … Read more DMPQ:Explain the open market operations of RBI.

Physical Quality of Life Index (P.Q.L.I) was developed by famous economist Morris David in 1979 for 23 developed and developing countries. Morris David used the following three indicators to prepare a composite index known as Physical Quality of Life Index: Life Expectant Rate (L.E.I) Infant Mortality Rate (I.M.I) Basic Literacy Rate (B.L.I) Life Expectant Rate … Read more DMPQ- Mention the indicators of Physical Quality of Life Index (PQLI).

The PM SVANidhi scheme was launched by the Ministry of Housing and Urban Affairs, on June 01, 2020. It aims to provide affordable working capital loans to street vendors to resume their livelihoods that have been affected due to the coronavirus lockdown. It targets over 50 lakh street vendors who would be eligible to avail … Read more DMPQ- PM SVANidhi scheme

Inflation is defined as a sustained increase in the general level of prices for goods and services in a county, and is measured as an annual percentage change. Increase in money supply: In the last few years rate of supply of money is very high i.e. near about 15-18% but the national output is hovering around … Read more DMPQ: What do you understand by the term inflation? What are the causes of inflation? List down the tools to curb inflation?