Economy

    Establishment of state level regulatory authorities- Real Estate Regulatory Authority (RERA)- the Act provides for State governments to establish more than one regulatory authority Functions: Register and maintain a database of real estate projects; publish it on its website for public viewing, Protection of interest of promoters, buyers and real estate agents development … Read more DMPQ: What are the key provisions of the Real estate regulation act? (ECONOMY)

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.

The Ease of Doing Business Rank (EODB) is a measure of an economy’s position to the best regulatory practices. Though World Bank used to publish the ‘Doing Business’ reports from 2003, the ranking of economies started only from 2006. The EODB study tries to capture the experience of small and mid-sized companies in a country with their … Read more DMPQ: Write a short note on ease of doing business rank.

Possible solutions are: Expand the outreach of the formal credit system to reach the really poor and needy. Reduce rate of interest for crop loans to 4 per cent simple, with government support. Moratorium on debt recovery, including loans from non-institutional sources, and waiver of interest on loans in distress hotspots and during calamities, till … Read more DMPQ: Give possible suggestions for credit enhancement for farmers.

Reasons are as follows: Low expenditure per GDP in the Higher education as compared to other countries. Low investment in Research and development sector by the Government and the private Industries. Lack of autonomy and excessive government regulation Curriculum are anachronistic in nature. Lack of diversity in terms of course offered. Limited investment from High … Read more DMPQ: Why Indian universities fail to make up in the top ranking universities list? Write down the reasons.

  Full Budget deals with both expenditure and revenue side but Vote-on-account deals only with the expenditure side of the government’s budget. The vote-on-account is normally valid for two months but a full budget is valid for 12 months (a financial year). As a convention, a vote-on-account is treated as a formal matter and passed … Read more DMPQ- What is the difference between full budget and vote on account?

Positives:   Introduction of modern technology. The improvement in technology will also mean that coaches that now require maintenance after running 4,000 km will need maintenance after every 40,000 km, which translates to either once or twice a month. Reduction in journey time comparable to operation by Indian railways due to technology introduce by private … Read more DMPQ- Privatisation of Indian Railways has its own merits and demerits. Comment

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) ?