Economy

SATAT initiative is aimed at providing a Sustainable Alternative Towards Affordable Transportation (SATAT) as a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs.  Compressed Bio-Gas plants are proposed to be set up mainly through independent entrepreneurs. CBG produced at these plants will be transported through cascades of cylinders to the … Read more

  Promotion of commodity-based farmers’ organisations such as Small Cotton Farmers’ Estates to combine decentralised production with centralised services such as post-harvest management, value addition and marketing, for leveraging institutional support and facilitating direct farmer-consumer linkage. Improvement in implementation of Minimum Support Price (MSP). Arrangements for MSP need to be put in place for crops … Read more

The Reserve Bank of India gives temporary loan facilities to the centre and state governments as a banker to government.  This temporary loan facility is called Ways and Means Advances (WMA).The WMA scheme for the Central Government was introduced on April 1, 1997, after putting an end to the four-decade old system of adhoc (temporary) … Read more

In the last few years, a large number of farmers have committed suicide.  Cases of suicides have been reported from states such as Andhra Pradesh, Karnataka, Maharashtra, Kerala, Punjab, Rajasthan, Orissa and Madhya Pradesh. Some of measures suggested include: Provide affordable health insurance and revitalize primary healthcare centres. The National Rural Health Mission should be … Read more

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

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

Land reforms: Distribute ceiling-surplus and waste lands; Prevent diversion of prime agricultural land and forest to corporate sector for non-agricultural purposes. Ensure grazing rights and seasonal access to forests to tribals and pastoralists, and access to common property resources. Establish a National Land Use Advisory Service, which would have the capacity to link land use … Read more

The major problems are as follows: Rudimentary infrastructure and policies leads to slow agricultural growth. The average size of landholding is small. Poor socio economic conditions of farmers. Use of technology is inadequate. No proper management of irrigation. Vulnerability of agriculture sector is high to wards hazards and disaster. Dependence of agriculture on vagaries of … Read more

The tax-to-GDP ratio is the ratio of tax collected compared to national gross domestic product (GDP). In a simpler language, it would be Tax contribution towards GDP.Some countries aim to increase the tax-to-GDP ratio by a certain percentage to address deficiencies in their budgets. In states where tax revenue has gone up significantly in comparison … Read more

India’s export performance is poor. Over the years, since Independence, India’s share of the world export trade has been very low. The share of export of other developing countries of Asia, namely China, South Korea, Malaysia, Singapore and Thailand is much more than of India. There are several reasons for poor performance of India’s export … Read more