Economy

  Changes in the Income tax act: one of the condition for resident of India was leading to creation of shell companies i.e. during a financial year, a company shall have management of its affairs wholly in India. This provision was leading to creation of shell companies.   Ministry of Corporate Affairs (MCA) and Central … Read more DMPQ: What were the steps taken by government of India to regulate the Shell companies? (Economy)

National gas grid intends to create network of pipeline infrastructure to connect gas sources to major demand centres, develop city gas distribution network and remove regional imbalance in access to natural gas. The objective is to create interconnected network of pipelines to make supply of natural gas to domestic, industrial or commercial premises and CNG … Read more DMPQ- National Gas Grid Project.

NITI Aayog has created the India Knowledge Hub (IKH), a dynamic web portal, functioning as a repository to store and disseminate best practices from across the country. Reflecting the spirit of cooperative federalism, the NITI Aayog launched the India Knowledge Hub so that districts, States, Central ministries and other government institutions can exchange knowledge on … Read more DMPQ- INDIAN KNOWLEDGE HUB

Economic growth is key to the overall development. The growth accompanied by regulatory environment for inclusive growth can be a booster for Indian economy. Further, all global agencies like world bank, IMF etc. have termed India to be bright spot in the light of low growth rate of global economy. But, the economic environment must … Read more DMPQ:Economic growth in India has been broadly on an accelerating path. It is likely to be the fastest growing major economy in the world in the medium-term. Suggest ways to have double digit growth in the medium term.

The fundamental principles that will guide both the education system at large, as well as the individual institutions within it are: • recognizing, identifying, and fostering the unique capabilities of each student, by sensitizing teachers as well as parents to promote each student’s holistic development in both academic and non-academic spheres; • according the highest … Read more DMPQ- Discuss the main features of the National Education Policy 2020.

The Mega Food ParksScheme aims to provide a mechanism to bring together farmers, processors and retailers and link agriculture production to the market so as to ensure maximization of value addition, minimization of wastages and improving farmers’ income. The primary objective of the Scheme is to provide modern infrastructure facilities for the food processing along … Read more DMPQ: What is Mega food park Scheme?

There are 3 methods to calculate the National income.These methods are given by Simon Kuznets. PM (Product Method) or Product service method. IM (Income Method) CM (Consumption Method) or expenditure method. In India the combination of Product method and Income methods is used for calculating the National Income.   PRODUCT METHOD: NI = GDP  – income earned in … Read more DMPQ: Explain in detail the methods to calculate National Income.

Ministry of Commerce & Industry throughExport Credit Guarantee Corporation (ECGC) has introduced a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process.Enhanced cover will ensure that Foreign and Rupee export credit interest rates will be below 4%and 8% respectively for exporters.Under ECIS, insurance coverpercentage has also been … Read more DMPQ- What is Nirvik Scheme?

The fund was established with to mitigate volatility in the prices of agriculture produce. It was established with a corpus of 500 Crore which aims at price stability.  The fund will be utilised for  following purpose:   Direct purchase from farmers at farm gate Maintaining a strategic buffer stock that would discouraged hoarding and unscrupulous … Read more DMPQ: Price stabilisation fund. ( schemes)

Aspire – A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship.  It was launched by Ministry of MSME. ASPIRE- was launched to set up a network of technology centres and to set up incubation centres to accelarateenterpreneurship and also to promote startups for innovation in agro industry   The main objectives of the scheme … Read more DMPQ- Write a short note on ASPIRE Scheme.