DMPQ: What is Public financial management system? Discuss its advantages. ( economy)

:  It is a web-based software application developed and implemented by the Office of Controller General of Accounts (CGA).  Its coverage includes Central Sector and Centrally Sponsored Schemes as well as other expenditures including the Finance Commission Grants. Advantages of PMFS:  Better monitoring of funds and transparency: It establishes a common electronic platform for complete tracking … Read more

DMPQ: What is Industrial revolution 4.0? Major components of IR 4.0? What are the advantages for India?

The fourth industrial revolution is a technological revolution that will fundamentally alter the way we live, work and relate to one another. The 4threvolution will be characterized by the advent of cyber-physical systems which, while being reliant on the technologies and infrastructure of the third industrial revolution, represent entirely new ways in which technology becomes … Read more

DMPQ:What are the possible reasons for India’s Poor share in world trade?

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

DMPQ-Doubling farmers income is to be achieved by 2022. In this context discuss the ways to modernise agriculture to ensure double farmers income. (ECONOMY)

Steps to modernise agri are as follows: Increase area under irrigation. Increase adoption of hybrid and improved seeds. Dynamic seed development plans. States should aim to increase the seed replacement rate (SRR) to 33 per cent for self-pollinatedcrops and 50 per cent for cross-pollinated cropsin alternative years. Increase variety replacement ratio to phase out old … Read more

DMPQ: How beneficial is FDI for developing countries like India?

  The stability of FDI even during the crisis period led many developing countries to favour FDI over other forms of Short-term inflows. The Foreign Countries Investors are willing to invest in Developing countries because it allows them to seek highest returns. It also reduces the risk faced by the owner of capital by allowing … Read more

DMPQ- What are the objectives of Garib Kalyan Rojgar Abhiyaan?

Prime Minister Narendra Modi launches Garib Kalyan Rojgar Abhiyaan on 20th June 2020 to boost employment and livelihood opportunities for migrant workers returning to villages, in the wake of COVID-19 outbreak Abhiyaan focuses on durable rural infrastructure and providing modern facilities like internet in the villages Skill Mapping of the rural migrant labour being done … Read more