Economy

Labour reforms essentially mean taking steps in increasing production, productivity, and employment opportunities in the economy in such a manner that the interests of the workers are not compromised. “Essen­tially, it means skill development, retraining, redeployment, updating knowledge base of workers-teachers, promotion of leadership qualities, etc. The recommendation of NITI aayog are: Codification of labour … Read more DMPQ- Outline the recommendations of Nitiaayog on labour reforms.

JAM Trinity holds the key to one of the biggest pieces of reform ever attempted in India — direct subsidy transfers.  An abbreviation for Jan Dhan Yojana, Aadhaar and Mobile number. The government is pinning its hopes on these three modes of identification to deliver direct benefits to India’s poor.   Benefits of JAM are as … Read more DMPQ- Comment on JAM trinity. Explain its role in bringing transformational change in service delivery?

The term refers to the practice of banking like activities performed by non-banking finance companies, which are not subject to strict regulation. However, these institutions function as intermediaries between the investors and the borrowers, providing credit and generating liquidity in the system. Although these entities do not accept traditional demand deposits offered by banks, they … Read more DMPQ- Write a short note on Shadow banking? What are the issues associated with shadow banking?

Operation Twist is a move in which a central bank decides to simultaneously buy long-dated securities while selling short-term securities. This is the first time RBI has undertaken such an unconventional policy measure with the aim of flattening the yield curve by lowering longer-term rates to boost lending and growth. Operation Twist normally leads to … Read more DMPQ- What is Operation Twist?

Establishment of Some More Agencies Apart from Food Corporation of India, some more agencies should be set up for ensuring rational prices of other agricultural products and also for procuring other agricultural products. In the meantime the government has already set up Cotton Corporation and Jute Corporation, which needs to be further strengthened. Extension of … Read more DMPQ- Give suggestive measures for inclusive Agricultural Price Policy

India has been facing serious issues as far as economy is concerned. The growth rate plummeted   to 4.5%. Unemployment rate is highest in 45 years and at the same time food inflation is also on higher side. So we are going towards stagflation. The major reasons for economic slow down are as follows: Twin balance … Read more DMPQ: What are the key reasons behind the economic slowdown in India?

Interest subvention scheme was launched to make available agricultural credit for short term crop loans at an affordable rate to give boost to agriculture productivity and production in the country. The salient features of the scheme are as follows:   It provides concessional of 2% per annum for crop loans to farmers, upto Rs. 3 … Read more DMPQ: What is interest subvention scheme? Discuss its salient features

Merger: It is a process wherein two or more companies are combined together to form either a new company or an existing company absorbing the other target companies. Amalgamation: It is a process wherein two or more companies combine to form an entirely new company. Acquisition: It is a process wherein one company purchases most … Read more DMPQ-Define the following term: • Merger • Amalgamation • Acquisition

Today, employment share of three sectors of economy is roughly – industry (17%), agriculture (57%) and  services (26%). Unemployment is mainly of two types – disguised unemployment and open unemployment. Disguised  unemployment is also called under-employment. It is a situation in which a person is not contributing  fully to his potential for example, a task … Read more DMPQ- Explain the reasons why India’s growth is called ‘growth without employment.’

The Make in India initiative has been built on layers of collaborative effort of DIPP,  acting as a backbone with Union Ministers, Secretaries to the Government of India, state  governments, industry leaders, and various knowledge partners to debate and formulate an  action plan for the next three years, aimed at raising the contribution of the … Read more DMPQ- How ‘Make in India’ Programme has made progress in India’s manufacturing sector ?