APSC Prelims and Mains Notes, APSC Test Series
It was in the wake of the Liberalisation in 1991 that it cecame imperative for the government to reform the financial sector in order to reinvigorate the economy. GOI set up committee under the guidelines of Narsimha. Recommendation: It advised the RBI not to use CRR as a principal investment of monetary and credit control … Read more
The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The meetings of theMonetary Policy Committee are held at least 4 times a year and it publishes its decisionsafter each such meeting. The committee comprises six members – three … Read more
SATAT initiative is aimed at providing a Sustainable Alternative Towards Affordable Transportation (SATAT) as a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs. Compressed Bio-Gas plants are proposed to be set up mainly through independent entrepreneurs. CBG produced at these plants will be transported through cascades of cylinders to the … Read more
Farmers FIRST: The objectives of the ‘Farmer FIRST’ initiative is to move beyond the production and productivity and to privilege the complex, diverse & risk prone realities of the farmers through enhancing farmers-scientists contact with multi stakeholders participation for technology development and application. The project has been conceptualized with focus on Enriching Farmers –Scientist interface; Technology … Read more
The Policy is based on a principle of industrial growth in partnership with the States. Central Government will create the enabling policy framework, provide incentives for infrastructure development on a PPP basis through appropriate financing instruments, while State Governments will identify the suitable land and be equity holders in the National Investment and Manufacturing Zones … Read more
The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves. Two distinctive features of the Commission’s work involve redressing the vertical imbalances between the taxation powers and expenditure responsibilities of … Read more
Financial inclusion has been recognised as a key building block which will form the foundation for achieving several of UN’s Sustainable Development Goals. As a construct, it provides much more than access to financial services. In a country like India, till a few years ago, a bank account was a source of pride. If properly … Read more
Decoupling means Decline in the growth rate of India when world was facing positive growth rate. The Reasons for this decoupling can be attributed to Domestic reasons and the long term effect of balance sheet syndrome. Reasons are: Demonetisation exercise lead to negative growth rate. Problems in new Indirect tax reform GST. Twin balance … Read more
The fourteenth finance commission is of the view that tax tax devolution should be the primary route of resources to the states. The commission recommends to increase the tax devolution of the divisible pool to states to 42% for years 2015 to 2020. This is 10% more compared to 32% target set by 13th financial … Read more
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