Economy

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- Mention the various Non-Tax revenue of Government.

Demand-Pull Effect The demand-pull effect states that as wages increase within an economic system (often the case in a growing economy with low unemployment), people will have more money to spend on consumer goods. This increase in liquidity and demand for consumer goods results in an increase in demand for products. As a result of … Read more DMPQ- Explain the Non-monetary theories of inflation

Vidyanjali – (School Volunteer Programme) is an initiative of the Ministry of Human Resource Development, Department of School Education & Literacy to enhance community and private sector involvement in Government run elementary schools across the country under the overall aegis of the Sarva Shiksha Abhiyan. This programme has been envisaged to bring together people willing … Read more DMPQ-Vidyanjali scheme (GOVT. SCHEME)

Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country. It is computed by aggregating the distance to frontier scores of different economies. The distance to frontier score uses the ‘regulatory best practices’ for doing … Read more DMPQ-Why Indian should not be complacent for achieving a high jump on ease of doing business?

The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. Currently PSU’s like Air India, BSNL are loss making affair for long and there is a demand to privatise them . Benefits of Privatisation are as … Read more DMPQ: What do you understand by the term Privatization? Do you agree with the current discourse of Privatization of PSU?

The National Old Age Pension Scheme has been renamed as Indira Gandhi National Old Age Pension Scheme (IGNOPS) and formally launched on 19th November, 2007. Under this Scheme, central assistance is available as per the following criteria:  Age of the applicant (male or female) is 60 years or more.  The applicant is a … Read more DMPQ- Explain the provisions of National Old Age Pension Scheme (NOAPS).

Bharatmala is an ambitious project to improve the road infrastructure in the country. It is an umbrella project under the Ministry of road transport and highways. It will subsume the unfinished project under National Highway development programme.   Under the plan the government intends to develop 83,677 km of highways and roads at an investment … Read more DMPQ: A healthy infrastructure is  must for a sustained economic growth. Bharatmala project was one of the step towards healthy infrastructure. What is Bharatmala project? What are the challenges in its implementation? ( Govt. Schemes)

AIM (Atal Innovation Mission), in association with CSIRO, is organizing a two-day hackathon on circular economy, ‘India–Australia Circular Economy Hackathon (I-ACE)’ I-ACE will focus on identification and development of innovative technology solutions by bright-minded students, startups and MSMEs of both nations. The four key themes for the hackathon are as follows: Innovation in packaging reducing … Read more DMPQ- Write a short note on India–Australia Circular Economy Hackathon(I-ACE).

Selection Process The selection process of Smart Cities is based on the idea of Competitive and Co-operative Federalism and follows a Challenge process to select cities in two stages. In January 2016, based on the All India Competition, 20 smart cities were selected in Round 1.13 more Smart Cities were selected in May 2016 in … Read more DMPQ- How are Smart Cities selected?