Economy

Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens. It is one of the kind of … Read more What is Universal base income? Why it was suggested and what are its advantage?

It was proposed by a panel led by PNB chairman Sunil Mehta to address the bad loansproblem in India’s banking sector Public sector banks (PSBs) will need an additional capital of Rs 1.1-1.3 trillion over thenext two years to implement a five-point strategy to tackle bad loans, a committeereport on project ‘Sashakt’ has recommended.  … Read more DMPQ-What is Project Sakshakt?(Economy)

Recently Trump administration decided to do away with relaxation to major importers of Iran’s oil resource. US govt. has decided to be more proactive and want more imposition of sanctions on Iran to derail Iranian economy and eventually dis courage nuclear activity and funding to terrorist groups. This step is going to affect India as … Read more DMPQ:US has decided to do away with relaxation on Iran’s sanctions. How it is going to affect India?

Under the Monetary Policy Framework Agreement, the RBI will be responsible for containing inflation targets at 4% (with a standard deviation of 2%) in the medium term. Under Section 45ZA(1) of the RBI Act, 1934, the Central Government determines the inflation target in terms of the Consumer Price Index, once in every five years in … Read more DMPQ- What are the functions of Monetary policy committee (MPC) ? Also mention the process of decision making in the committee.

It is a e governance too which stands for Crime and Criminal Tracking network system. It aims at creating a comprehensive and integrated system for effective policing through e governance.  It is envisaged as a countrywide integrated database on crime incidents and criminals. It aims to connect all police stations, with their crime and criminal … Read more DMPQ:Explain CCTNS

Several factors and writings of a number of persons contributed to the origin of their political ideology: The collapse of feudalism is an important cause of the origin of liberalism. Let us explain it briefly. In the feudal period the feudal lords practically controlled the economy and politics along with the church and its fall … Read more DMPQ- Discuss the factors contributed to the origin of liberalism in 19th century.

Pros Economic planning is assumed to modify the restraining influence of limited resources by recogniz­ing the existence of particular constraints and by choosing and coordinating investment projects so as to channel these scarce factors into their most productive outlets. Planning is necessary to take care of the poor and the downtrodden who have little asset … Read more DMPQ: Evaluate the pro and cons of decentralized economic planning.

Merger: It is a process wherein two or more companies are combined together to form either a new company or an existing company absorbing the other target companies. Amalgamation: It is a process wherein two or more companies combine to form an entirely new company. Acquisition: It is a process wherein one company purchases most … Read more DMPQ-Define the following term: • Merger • Amalgamation • Acquisition

a) Tax havens: A tax haven is a country or territory where certain taxes are levied at low rate or not at all. The basic features of tax havens are nil or nominal rates, lack of effective exchange of information, no requirement of substantive local presence.     b) BEPS: Base erosion and profit sharing … Read more DMPQ: Explain the following terms ( Economy) a) Tax havens b) BEPS c) GAAR d) Transfer pricing

India’s fact sheet of ports consists of twelve major ports (two additionally approved—  one in West Bengal and the second at Andhra Pradesh) and two hundred odd minor ports  accounting for 95 per cent of cargo movement by volume and 70 per cent by value. The  present port capacity is around 1000 million tonnes (MT). … Read more DMPQ- Point out the significance of ‘Maritime Agenda 2010-2020’ for the development of India’s Port sector.