Economy

DMPQ:Financial inclusion is a significant aspect with respect to our economy. What is the significance of Financial Inclusion? What are the measures taken for Financial Inclusion?

Financial inclusion has been recognised as a key building block which will form the foundation for achieving several of UN’s Sustainable Development Goals.  As a construct, it provides much more than access to financial services.  In a country like India, till a few years ago, a bank account was a source of pride.  If properly … Read more

DMPQ- A) Project Saksham B) Tejaswani

Project Saksham: The project is for creation of a New Indirect Tax Network (System Integration) of the Central Board of Excise and Customs.  The project will help in Implementation of Goods and Services Tax (GST),  Extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT) and  Other taxpayer-friendly initiatives under Digital India and … Read more

DMPQ- Mention the various Non-Tax revenue of Government.

Non-Tax Revenue: Interest Receipts: This largest non-tax source of Central Government’s revenue receipts is the interest it earns mainly on the loans it has advanced to State Governments, to financial and industrial enterprises in the public sector. Surplus Profits of the Reserve Bank of India (RBI): The surplus profits of the RBI is also a … Read more

DMPQ: Although India is one of the fastest growing economy the global environment is not conducive enough. Explain the interdependence of global economy with Indian economy.

Due to globalization, the economies of world are more inter-connected than ever. With increased growth of economic activities around the world, it has impacted India’s GDP in several ways.   How global economic environment affects GDP of India: Global crisis will severely affect certain sector, which will then have spill over effects there by affecting … Read more

DMPQ: Post 1991 Indian economy saw a sudden change in outlook. To bring reforms in the financial sector GOI set up Narsimha committee. Discuss its recommendation.

It was in the wake of the Liberalisation in 1991 that it cecame imperative for the government to reform the financial sector in order to reinvigorate the economy. GOI set up committee under the guidelines of  Narsimha. Recommendation: It advised the RBI not to use CRR as a principal investment of monetary and credit control … Read more

DMPQ- What is National Agricultural Market (NAM)?

The National Agriculture Market is envisaged as a pan-India electronic trading portal which seeks to network the existing APMCs and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market but it has a physical market (mandi) at the back end. NAM is proposed to be achieved through … Read more

DMPQ: Industrial efficiency is a key to sound economy. In this contest discuss the key initiative taken by India to boost industrial performance. ( economoy)

  Make in India : This programme was launched on 25th September which aims at making India a global hub for manufacturing, research and innovation and integral part of the global chain. The GoI has identified 10 ‘Champion sectors’ that have potential to become global champion, drive double digit growth in manufacturing and generate significant … Read more

DMPQ- What is strategic disinvestment? Critically examine the challenges associated with disinvestment?

Disinvestment means the dilution of stake of the Government in a public enterprise. According to the government, strategic disinvestment would imply the sale of a substantial portion of the Government shareholding of a central public sector enterprises (CPSE) of upto 50%, or such higher percentage as the competent authority may determine, along with transfer of management … Read more