Tag Archives: Indian Economy

Giving MSMEs the right push Editorial 13th Sep’20 FinancialExpress

Giving MSMEs the right push Editorial 13th Sep’20 FinancialExpress Importance of MSME sector: The MSME sector contributes approximately 40% to the GDP and generates employment for 114 million Indians, comprising about 93% of the total labour force of the country. This sector under severe stress: Over the last few years, economic distress has hurt the sector on several counts, and

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Electrifying India’s transport Editorial 7th May’19 TimesOfIndia

Headline : Electrifying India’s transport Editorial 7th May’19 TimesOfIndia Details : Rapid urbanization and transport problems: India’s urban population will nearly double in the next decade. More than half a billion people will live and work in Indian cities. Travel within and between cities will grow exponentially. This rapid growth poses several social, economic and environmental challenges. Converting this into opportunities:

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About: Purchasing Manager Index (PMI)

About: Purchasing Manager Index (PMI) The Nikkei India Manufacturing PMI, compiled by IHS Markit, is based on data compiled from monthly survey responses by purchasing managers in more than 400 manufacturing companies, on various factors that represent demand conditions. Note: It is also sometime referred to as IHS Markit India Manufacturing PMI. PMI measures activity at the purchasing or input stage. It is very different from industrial production which

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The distinction between plan and non-plan expenditure in budget had created schools without teachers and hospitals without doctors. In the light of this statement, discuss major issues pertaining to plan and non-plan distinction. Approach

The distinction between plan and non-plan expenditure in budget had created schools without teachers and hospitals without doctors. In the light of this statement, discuss major issues pertaining to plan and non-plan distinction. Approach Introduce with the abolition of the plan and non-plan classification Highlight the major issues like focus on plan expenditure, excessive union control etc. Conclude appropriately Model

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Discuss the advantages and risks of crypto-currencies like the Bitcoin.

Discuss the advantages and risks of crypto-currencies like the Bitcoin. Approach Introduce with the concept of cryptocurrency Discuss its advantages Highlight the risks Conclude with the government’s position that they have been outlawed Cryptocurrency is an electronic or digital currency that works on a peer-to-peer basis without the need for a trusted third party such as a governmental agency, bank

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Quiz- Q15. The summation of the value of final goods and services produced in each sector of an economy during a particular year is:

Q15. The summation of the value of final goods and services produced in each sector of an economy during a particular year is: A. Net Domestic Product B. Gross National Product C. National Income D. Gross Domestic Product Answer: D Exp: The value of final goods and services produced in each sector during a particular year provides the total production

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Effects of Globalization on Indian Culture and Society

Effects of Globalization on Indian Culture Globalisation has affected what we eat and the way we prepare food (Mcdonaldization), what we wear , purchase etc( Walmartization). There is trend toward homogenization of culture with similar food habits, dressing pattern, music, news , TV programs, movies etc. However, there is also increasing tendency toward Glocalization of Culture. Glocalization refers to mixing

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Effects of Globalization on Indian Economy

Effects of Globalization on Indian Economy 1. Liberalization– main features of liberalization policy were:- (i) General reduction in role of state in economic governance. (ii) Withdrawal by state from many economic sectors and its replacement by the private sectors. (iii) Decline in the public sector spending in basic and key industries like banking, insurance and other PSUs. (iv) Decline in

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FASTags:

FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it. It is affixed on the windscreen of the vehicle and enables to drive through toll plazas, without stopping for cash transactions. The tag can be purchased from Tag issuers and if it is linked to

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What is ‘Swiss challenge’ approach?

Swiss challenge method is a process of giving contracts. Any person with credentials can submit a development proposal to the government. That proposal will be made online and a second person can give suggestions to improve and beat that proposal. It is a method where third parties make offers (challenges) for a project within a designated period to avoid exaggerated

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Smart Cities

what are Smart Cities? A ‘smart city’ is an urban region that is highly advanced in terms of overall infrastructure, sustainable real estate, communications and market viability. It is a city where information technology is the principal infrastructure and the basis for providing essential services to residents. There are many technological platforms involved, including but not limited to automated sensor

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Angel Investors VS Venture Capital

Business Angel Investors are individuals, often successful business people who are investing their own personal funds into a potentially rewarding business opportunity. Whereas Venture Capital is invested by firms or companies that use other people’s money. They raise that money by offering investors a chance to take part in a fund that is then used to buy shares in a

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Bitcoin

Bitcoin is a digital currency that is not supported by any country’s government or central bank. It can be traded for services or goods with sellers who accept bitcoins as payment. Bitcoin was first  introduced in October 2008. It was invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. The system is peer-to-peer (person to person using

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Market Stabilization Bond

MSS bonds bear an interest rate that can boost banks’ income. This incentivizes banks to participate effectively in demonetization drive. MSS as SLR bonds: MSS bonds can also be used to calculate banks’ mandatory bond holding. MSS bonds does not increase Government’s fiscal deficit. According to CRISIL, the stock of G-secs with the RBI, necessary to conduct reverse repo operations,

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Monetary Policy Committee

MPC is headed by RBI governor, is a six-member panel, of which three members are from RBI and three are independent members selected by government. The independent members are experts in the field of economics, banking or finance. The governor, however, will not enjoy a veto power to overrule the other panel members, but will have a casting vote in

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