APSC Prelims and Mains Notes, APSC Test Series
Universal Basic Income is a radical and compelling paradigm shift in thinking about both social justice and a productive economy. A universal basic income is, like many rights, unconditional and universal: it requires that every person should have a right to a basic income to cover their needs, just by virtue of being citizens. The … Read more
Development of port infrastructure in India is not on par with the other ports across the world. Trade in India has to face severe challenges due to inefficient port services. Shipping lines avoid touching ports in India because of the long waiting time. The capacity of various ports including Mumbai has already been exhausted and … Read more
The Monetary Policy Committee (MPC) constituted by the Central Government under Section 45ZB determines the policy interest rate required to achieve the inflation target. The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016, to provide for a statutory and institutionalised framework for a Monetary Policy Committee, for … Read more
Positives These sector are labour intensive and generate more labour per unit of capital infused. These sector have the potential for broader social transformation. These sector can also play crucial role in export and hence the overall growth. The creation of employment opportunities in these sector is far more inclusive and it address … Read more
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
Fiscal consolidation means providing ways and means to strengthen the government finance and reduction in both deficits and accumulation of debt stock. It is critical as it provide macroeconomic stability. It can be achieve in simple terms by increasing the revenue and reducing the expenditure. The following are the ways through which FD … Read more
Big data is the huge amount of data which is present in an unprocessed way. It is a complex data. Big data is characterised by 3 Vs ie. Volume of data, velocity of data i.e. processed and complex variety of data. Big data has various useful application. The application of Big data can be seen … Read more
Reasons are as follows: Low expenditure per GDP in the Higher education as compared to other countries. Low investment in Research and development sector by the Government and the private Industries. Lack of autonomy and excessive government regulation Curriculum are anachronistic in nature. Lack of diversity in terms of course offered. Limited investment from High … Read more
There are no magic bullets to revive the economy as this time situation is quite different. The macro indicators are fine but overall economy is not doing good. Last quarter growth was pegged at 4.5%, IIP was in negative territory, Exports are not growing, Private investment is low, Twin balance sheet problem, IL&F crisis etc. … Read more
IPO is an abbreviation of Initial Public Offer. FPO is an abbreviation of a Follow-On Public Offer. Key Difference: IPO vs. FPO IPO is the first public issue of the shares of a private company that is going public whereas FPO is the second or subsequent public issue of the shares of an already listed … Read more