Economy

In nationalised banks, the government owns more than 50% of the shares, which gives it majority voting rights. Because of this, the government can interfere in the boards of such banks and appoint inefficient people to the boards. That is, the appointment of the members might not always be based on merit. This will lead … Read more DMPQ- Write down the recommendation of P J nayak committee on banking reforms.

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 DMPQ- What do you mean by revenue budget and capital budget? Explain the components of the respective meanings also.

GINI INDEX: The Gini index is a simple measure of the distribution of income across income percentiles in a population. A higher Gini index indicates greater inequality, with high income individuals receiving much larger percentages of the total income of the population. Global inequality as measured by the Gini index increased over the 19th and … Read more DMPQ- Explain the following: a) GINI INDEX b) LAFFER CURVE

Launched by the Hon’ble PM in January, the ‘Transformation of Aspirational Districts’ programme aims to quickly and effectively transform these districts. The broad contours of the programme are Convergence (of Central & State Schemes), Collaboration (of Central, State level ‘Prabhari’ Officers & District Collectors), and Competition among districts driven by a mass Movement. With States … Read more DMPQ- Aspirational District Programme.

Growth is said to be inclusive when it is distributed fairly across society and creates opportunities for all. Growth is inclusive when it  permeates evenly across all sectors, to every nook and corner of country and take all stakeholders along. Salient features of Inclusive growth are as follows: Equity-More opportunities are available to enable upward … Read more DMPQ- Inclusive growth should be the foundation of growth story of India. Comment on the salient features of Inclusive Growth of India.

Wealth creation is the enhancement of assets, efficiency in economy and overall value addition to GDP and to the all sectors of economy. Wealth creation helps in improving the standard of living by improving Personal income. It also lead to more taxes, employment generation. In India wealth creation is coterminous with the opening up of … Read more DMPQ-What is wealth creation? How it is beneficial for an economy?

‘Voluntary Retention Route’ (VRR) to encourage Foreign Portfolio Investors (FPIs) to undertake long-term investments in Indian debt markets. Under this scheme, FPIs have been given greater operational flexibility in terms of instrument choices besides exemptions from certain regulatory requirements. The details are as under: -The aggregate investment limit shall be ₹ 40,000 crores for VRR-Govt … Read more DMPQ- Write short note on Voluntary retention route.

Government has taken various measures to boost the incomes especially rural incomes to usher spending and consumption levels in the economy. Increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops and Kharif crops for 2019-20 season. To provide an assured income support to the small and marginal farmers, the cash transfer scheme … Read more DMPQ- Government has taken various step towards boosting consumption. Enumerate the number of steps taken by government to boost consumption.

The scheme for Remission of Duties or Taxes on Export Product (RoDTEP) will replace Merchandise Exports from India Scheme (MEIS) for reimbursement of taxes & duties for export promotion. Textiles and all other sectors which currently enjoy incentives upto 2 per cent over MEIS will transit into RoDTEP. In effect, RoDTEP will more than adequately … Read more DMPQ- Export promotion is an important part of Indian Economic growth. What are the measure taken by Government of India to boost Exports.

The DMIC project was launched in pursuance of an MOU signed between the Government of India and the Government of Japan in December 2006. DMIC Development Corporation (DMICDC) incorporated in 2008, is the implementing agency for the project. DMICDC has been registered as a company with 49% equity of Government of India, 26% equity of … Read more DMPQ- Write a short Note on DMIC.