Economy

Subsidies are a major component of expenditure they are a form of transfer payment given by government to the People. Subsidies can be classified as food, petroleum and agriculture subsidies. Why rationalisation: Government expenditure power is limited and they cannot go beyond a point further the fiscal deficit should be solely utilised for the purpose … Read more DMPQ- Subsidies is a major expenditure component. Indian government has taken several measures to rationalise subsidies and explain the importance of rationalisation of subsidies.

One Nation One Ration Card Scheme which will allow portability of food security benefits will be available across the country from 1st July, 2020. This means poor migrant workers will be able to buy subsidized rice and wheat from any ration shop in the country. Highlights of the Scheme The scheme is all about inter-state … Read more DMPQ: What is One Nation One card? Explain the rationale behind such theme?

The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves. Two distinctive features of the Commission’s work involve redressing the vertical imbalances between the taxation powers and expenditure responsibilities of … Read more DMPQ- What is Finance commission? Outline the role of Finance commission?

SFIO stands for serious frauds investigation office. It is a investigation agency which is under the jurisdiction of ministry of corporate affairs.  The mandate of SFIO is as under: The SFIO is involved in major fraud probes and is the co-ordinating agency with the Income Tax Department and the Central Bureau of Investigation. It is … Read more DMPQ: What is the mandate of SFIO? ( ECONOMY)

The Atal Innovation Mission (AIM) is a flagship initiative set up by the NITI Aayog to promote innovation and entrepreneurship across the length and breadth of the country, based on a detailed study and deliberations on innovation and entrepreneurial needs of India in the years ahead. AIM is also envisaged as an umbrella innovation organization … Read more DMPQ- Highlight the aim of Atal Innovation Mission.

Bank rate:  Bank rate is the rate at which RBI lends long term to commercial banks. Bank rate is a tool which RBI uses for managing money supply.   Merchant discount rate: It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time … Read more DMPQ: Explain the following terms: ( Econmomy) a) Bank rate b) Merchant discount rate c) Open Market operations d) Repo rate e) MSF

  To organize training programmes for educational functionaries for developing capacities of educational planning and administration. To strengthen capacities for training and research in the field of educational planning and administration. To provide consultancy services in the sphere of educational planning and administration to Central as well as State Governments, Universities, Board and other similar … Read more DMPQ- What are the main objectives of The National Institute of Educational Planning and Administration (NIEPA)

RMSA has following objectives:- To ensure that all secondary schools have physical facilities, staffs and supplies at least according to the prescribed standards through financial support in case of Government/ Local Body and Government aided schools, and appropriate regulatory mechanism in the case of other schools. To improve access to secondary schooling to all young … Read more DMPQ- List out the objectives of Rashtriya Madhyamik Shiksha Abhiyan.

The Build Operate and Transfer (BOT) Annuity Model   Under BOT annuity, a developer builds the highway, operates it for a specified duration and transfers it back to the government. The government starts payment to the developer after the launch of commercial operation of the project. Payment will be made on a six month basis. … Read more DMPQ: Explain the following terms: a) The Built operate and transfer (BOT) Annuity Model b) BOT toll model c) Engineering, Procurement and Construction Model

End of license raj On 24 July 1991, Prime Minister Narasimha Rao announced the end of the license-permit Raj and Finance Minister Manmohan Singh presented a historic budget that rolled out economic liberalisation in India. It proposed getting rid of the Monopolies and Restrictive Trade Practices asset limit totally. Industrial licensing would be abolished for … Read more DMPQ- . “In 1991 India went through many liberal economic policies which changed India’s economic scenario” Elucidate.