ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES

  Historical context The emergence of agricultural Price Policy in India was in the backdrop of food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains through Public Distribution System (PDS) and … Read more ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES

WET LAND ECOSYSTEM

  Areas of marsh, fen, peatland/water, whether natural (or) artificial, permanent (or) temporary with water that is static (or) flowing, fresh, brackish (or) salt, including areas of marine water the depth of which at low tide does not exceed 6 mtrs. Wetlands Classification- Inland wetland- a)Natural- Lakes / Ponds, Ox-bow Lakes, Waterlogged, Swamp/marsh b) Manmade- … Read more WET LAND ECOSYSTEM

Commissions/Committees & Their Purpose

  Commissions/Committees & Their Purpose Arjun Sen Gupta   Public Sector Enterprise Autonomy Committee         Rangarajan Committee   Disinvestment of PSUs & Balance of Payments. Malhotra Committee   Insurance Sector & its regulation. Follow up led to setting up of IRDA. Madhukar Committee   Gold exchange traded fund implementation. L.C. Gupta Committee … Read more Commissions/Committees & Their Purpose

Financial Inclusion

Financial Inclusion Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Government of India has launched an innovative scheme of Jan Dhan Yojna for Financial Inclusion to provide … Read more Financial Inclusion

INDIAN PUBLIC FINANCE

Indian Public Finance Value Added Tax Under the constitution the States have the exclusive power to tax sales and purchases of goods other than newspapers There are however defects of sales tax It is regressive in nature. Families with low income a larger proportion of their income as sales tax. Has a cascading effect – … Read more INDIAN PUBLIC FINANCE

Inflation & Control Mechanism

inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more Inflation & Control Mechanism

Indian Agriculture

  Mainstay of Indian Economy Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share. Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc in … Read more Indian Agriculture

Environment and Ecological Issues

ECOLOGY   Ecology is  defined “as a scientific study of the relationship of the living organisms with each other and with their environment.” The classical texts of the Vedic period such as the Vedas, the Samhitas, the Brahmanas and the Aranyakas-Upanishads contain many references to ecological concepts .The Indian treatise on medicine, the Caraka- Samhita … Read more Environment and Ecological Issues

Food scarcity

  According to FAO Food Security  is “a situation in which all people at all times have access to adequate quantities of safe and nutritious food to lead a healthy and active life”. This definition requires three basic conditions to be met: 1) adequacy, i.e. supplies from domestic production, stocks and imports are sufficient to meet the … Read more Food scarcity

Export Import (EXIM) Policy  of India  

Export Import Policy or  Exim Policy or Foreign Trade Policy is a set of guidelines and instructions related to the import and export of goods. Various Objectives of Exim Policy are :- To facilitate sustained growth in exports from India and import in India. To stimulate sustained economic growth by providing access to essential raw … Read more Export Import (EXIM) Policy  of India