Economy

a) Disinvestment: Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets.The government undertakes disinvestment to reduce the fiscal burden on the exchequer, or to raise money for meeting specific needs, such as to bridge the revenue shortfall from other regular sources. b) … Read more DMPQ- Explain following terms: a) Disinvestment b) Strategic Disinvestment c) Privitisation d) Offer for sale e) Cross Holding

Ministry of Commerce & Industry throughExport Credit Guarantee Corporation (ECGC) has introduced a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process.Enhanced cover will ensure that Foreign and Rupee export credit interest rates will be below 4%and 8% respectively for exporters.Under ECIS, insurance coverpercentage has also been … Read more DMPQ- What is Nirvik Scheme?

The following points highlight the two main sources of government revenue in India. Tax Revenue: Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commo­dities produced within the country, but exclu­ding those commodities on which State excise is levied (viz., liquors and narcotic … Read more DMPQ- Mention the ways to raise revenue by central government.

Aspire – A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship.  It was launched by Ministry of MSME. ASPIRE- was launched to set up a network of technology centres and to set up incubation centres to accelarateenterpreneurship and also to promote startups for innovation in agro industry   The main objectives of the scheme … Read more DMPQ- Write a short note on ASPIRE Scheme.

Skills Acquisition and Knowledge Awareness for Livelihood (SANKALP) is an outcome-oriented programme of Ministry of Skill Development & Entrepreneurship (MSDE) with a special focus on decentralised planning and quality improvement.It is a Centrally Sponsored Scheme which is collaborated with the World Bank. It aims to implement the mandate of the National Skill Development Mission (NSDM). … Read more DMPQ: Write a short note on Sankalp Programme.

One Nation One Ration Card Scheme which will allow portability of food security benefits will be available across the country from 1st July, 2020. This means poor migrant workers will be able to buy subsidized rice and wheat from any ration shop in the country. Highlights of the Scheme The scheme is all about inter-state … Read more DMPQ: What is One Nation One card? Explain the rationale behind such theme?

A debenture redemption reserve (DRR) is a provision stating that any Indian corporation that issues debentures must create a debenture redemption service in an effort to protect investors from the possibility of a company defaulting. This provision was tacked onto the Indian Companies Act of 1956, in an amendment introduced in the year 2000. The … Read more DMPQ- What is debenture redemption reserve and write down its significance?

Effects: Negative: All major industries getting affected such as Hospitality, tourism, Aviation will be directly impacted because of low demand. Gig economy affected mostly and it will lead to loss of Jobs and unemployment rate will increase. Export Industries will show loss in the forthcoming period due to reduction in the demand of export goods. … Read more DMPQ-Write down the effect of COVID-19 on the economy of the country.

It is anew Umbrella Scheme “Pradhan Mantri AnnadataAaySanraksHan Abhiyan’ (PM-AASHA).  The Scheme is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2018. The new Umbrella Scheme includes the mechanism of ensuring remunerative prices to the farmers and is comprised of   Price Support Scheme (PSS): … Read more DMPQ-Write a short note on the PM AASHA scheme?

As a host of emerging technologies change the future of work, a massive disruption is facing the IT-ITES industry today. Of the 4.5 m people employed in the industry today, 1.5 -2 m are expected to require reskilling in the next 4-5 years. A decoupling of revenue and headcount growth is visible even today and … Read more DMPQ-How Future skills portal launched recently is going to be beneficial for the economy of the country?