HPSC Prelims and Mains Notes, HPSC Test Series
PM-KISAN stands for Pradhan Mantri KisanSamman Nidhi. The scheme announced to provide income support to the marginal and small farmers. To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri KisanSamman Nidhi (PM-KISAN).Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be … Read more
Major advantages: It will help to regulate the highly unregulated real estate sector. Will help to deal with the undue delay in project implementation. Will help to streamline the data of the project across the country and hence will bring homogeneity and rule bas e pricing in the sector. It will enhance the transparency … Read more
Start up India was launched to build a strong ecosystem for nurturing innovation and startups in the country which will drive economic growth and generate large scale employment opportunities. Start Up India scheme shows government recognition of the potential of start ups. It tries to utilise India’s IT prowess and to converge it to develop … Read more
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
Private sector is perceived to be guided by profit maximisation and it was considered to be anti to the objective of independent India. Hence socialism was seen as an alternative to it. This deep rooted notion about private sector is more in India. Following examples are testament to it: In civil aviation sector, there … Read more
Characteristics of a Healthy work Culture A healthy work culture leads to satisfied employees and an increased productivity. Employees must be cordial with each other. One must respect his fellow worker. Backbiting is considered strictly unprofessional and must be avoided for a healthy work culture. One gains nothing out of conflicts and nasty politics at … Read more
Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries’ exchange rates by buying and selling currencies. It is also known as a dirty float. India’s exchange rate policy has evolved over time in line with the gradual opening … Read more
A negotiable instrument is a signed document that promises a sum of payment to a specified person or the assignee. In other words, it is a transferable, signed document that promises to pay the bearer a sum of money at a future date or on-demand. The payee, who is the person receiving the payment, must … Read more
JAM Trinity holds the key to one of the biggest pieces of reform ever attempted in India — direct subsidy transfers. An abbreviation for Jan Dhan Yojana, Aadhaar and Mobile number. The government is pinning its hopes on these three modes of identification to deliver direct benefits to India’s poor. Benefits of JAM are as … Read more
The Revenue Budget comprises revenue receipts and expenditure met from these revenues. The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment). Capital receipts are receipts of the … Read more