Economy

The Reserve Bank of India gives temporary loan facilities to the centre and state governments as a banker to government.  This temporary loan facility is called Ways and Means Advances (WMA).The WMA scheme for the Central Government was introduced on April 1, 1997, after putting an end to the four-decade old system of adhoc (temporary) … Read more DMPQ- What is Ways and means Advance?

Contract farming is agricultural production carried out according to an agreement between farmers and a buyer, which places conditions on the production and marketing of the commodity. Contract farming (CF) is defined as forward agreements specifying the obligations of farmers and buyers as partners in business. Legally, farming contracts entail the sellers’ (farmers’) obligation to … Read more DMPQ:What is contract farming? Why there is a need of contract farming?

Fiscal Consolidation refers to the policies undertaken by Governments (national and sub-national levels) to reduce their deficits and accumulation of debt stock. Fiscal Consolidation refers to the treatment of a group of entities as one entity for taxation purposes. Simply put, the parent entity would be accountable for the entire group’s tax liabilities. Thus in simple … Read more DMPQ- What do you mean by fiscal consolidation? What are the ways to achieve fiscal consolidation.

India’s GDP increased 7.2 per cent in 2017-18 and 7 per cent in 2018-19. India has retained its position as the third largest startup base in the world with over 4,750 technology start-ups.  India’s labour force is expected to touch 160-170 million by 2020, based on rate of population growth, increased labour force participation, and … Read more DMPQ- Write a short note on the recent Growth and Development experience of India.

Merchant discount rate on debit cards is the amount that a merchant has to pay to its service providers when a consumer swipes her card on the merchant’s point of sales terminal. It is also applicable for online transactions and QR based transactions.  The amount that the merchant pays for every transaction gets distributed among … Read more DMPQ- Merchant discount rate.

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 DMPQ: What is fiscal consolidation? Provide the ways to achieve it? ( Economy)

Globalisation means integration of economies and societies through cross country flows of information ,ideas ,technologies , goods, services, capital finance and people. The current wave of globalisation, which started after 1991had profound effects on the labour market and the employment situation of workers all over the world. The changes in pattern of employment and labour … Read more DMPQ: What is globalisation? Examine its impact on the pattern of employment.

Current weekly status:  The Current Weekly Status (CWS) approach to measuring unemployment uses seven days preceding the date of survey as the reference period. A person is considered to be employed if he or she pursues any one or more of the gainful activities for at least one-hour on any day of the reference week. … Read more DMPQ- Explain the following terms: a) Current weekly status b) Current daily status

While countries around the world have been considering how to implement and measure success against the Goals, NITI Aayog has taken the lead by bringing out the SDG India Index – Baseline Report 2018, and showing how SDGs will be measured in India.  NITI Aayog has constructed the SDG India Index spanning across 13 out … Read more DMPQ- Write a short note on SDG India Index.

MSP is a form of government intervention to insure the farmers against a steep decline in the prices of their goods and to help them prevent losses. The government of India sets the MSP twice a year for 24 commodities. This is done by the government to protect the farmers against a fall in prices … Read more DMPQ- What do you understand by Minimum support price? How it assure farmers from low income trap.