Economy

Skills Acquisition and Knowledge Awareness for Livelihood (SANKALP) is an outcome-oriented programme of Ministry of Skill Development & Entrepreneurship (MSDE) with a special focus on decentralised planning and quality improvement.It is a Centrally Sponsored Scheme which is collaborated with the World Bank. It aims to implement the mandate of the National Skill Development Mission (NSDM). … Read more DMPQ: Write a short note on Sankalp Programme.

Inverted duty structure is a condition in which final good is taxed lower on its import as compared to the intermediate good used in the making of finished good.  The economic survey has pointed out that Inverted dusty structure has affected our industries a lot.     Major effect of inverted duty structure: Affect domestic … Read more DMPQ: What is Inverted duty structure ? How it has impacted Indian manufacturing over the years.

Demonetisation  was part of the move to curb corruption. It was one of the step to curb the system of black money. The major reasons for demonetisation were:   India’s currency to GDP ratio was 12%. The value of the high currency notes also increased after increase in the standard of living. India’s economy is … Read more DMPQ: Demonetisation came when world was showing resilience towards negative growth environment. What were the reasons for demonetisation?

Zero-Based Budgeting – ZBB This is a method of budgeting in which all expenses must be justified for each financial  year. The process of this budgeting starts from a “zero base,” on every financial year. Every  function within the ministry or department is analyzed for its needs and costs. Budget  allocations are then made according … Read more DMPQ- Throw light on some of other forms of budgeting in India.

NABH NIRMAN: The government is augmenting the airport capacity of various airports as part of NABH (NextGen Airports for BHarat) Nirman initiative.The government in February announced a new initiative — NABH Nirman— under which it proposes to expand airport capacity in the country by more than five times to handle a billion trips a year.The … Read more DMPQ- Explain the following: a) NABH b) UDAN

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.

Private sector is perceived to be guided by profit maximisation and it was considered to be anti to the objective of independent India. Hence socialism was seen as an alternative to it. This deep rooted notion about private sector is more in India. Following examples are testament to it:   In civil aviation sector, there … Read more DMPQ: In India still after 1991 reforms there is ambivalence towards private sector. Explain with the example( Economy)

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Protectionist policies help immune the producers, businesses, and workers of the import-competing sector in the country from foreign competitors.   Impact on India   Positive: India has … Read more DMPQ: What is protectionism? How does it affect India? (Economy)

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.

The current account shows the records of exports and imports of both the material goods and services of a country with the rest of the world. Export and import of goods are totally different from the export and import of services. While goods are tangible and called as merchandise or visible trade, and of which … Read more DMPQ- What do you mean by Current Account Deficit ?