APSC Prelims and Mains Notes, APSC Test Series
Interest subvention scheme was launched to make available agricultural credit for short term crop loans at an affordable rate to give boost to agriculture productivity and production in the country. The salient features of the scheme are as follows: It provides concessional of 2% per annum for crop loans to farmers, upto Rs. 3 … 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
Out of pocket expenditure on health is one of the reason for perpetual poverty. The major chunk goes in buying medicine. Hence to deal with this issue PMB jan aushadhi yojana was launched to ensure the availability of quality medicine at affordable price for all, particularly the poor and disadvantaged. The salient features of the … Read more
Inflation is the sustained increase in the general price of goods and services and hence it reduces the purchasing power of Rupee. But some mild inflation is good for an economy as it help to grease the wheels of the commerce. There are various ways to control Inflation: Fiscal ways: Reduction in … Read more
Start up India was launched to build a strong ecosystem for nurturing innovation and startups in the country which will drive economic growth and generate large scale employment opportunities. Start Up India scheme shows government recognition of the potential of start ups. It tries to utilise India’s IT prowess and to converge it to develop … Read more
Monetary policy is made by the central bank to manage money supply to achieve specific goals- such as constraining inflation, maintaining an appropriate exchange rate , generating jobs etc. There are basically two types of monetary policies. They are expansionary and contractionary. Expansionary: This means increase in the total supply of money in … Read more
The fund was established with to mitigate volatility in the prices of agriculture produce. It was established with a corpus of 500 Crore which aims at price stability. The fund will be utilised for following purpose: Direct purchase from farmers at farm gate Maintaining a strategic buffer stock that would discouraged hoarding and unscrupulous … Read more
Bank rate: Bank rate is the rate at which RBI lends long term to commercial banks. Bank rate is a tool which RBI uses for managing money supply. Merchant discount rate: It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time … 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
The 1991 is a hallmark year as it launched Indian into a new era of economic freedom. It majorly changed our economy from controlled to a free economy. One of the ingredient was tax reforms. The major changes one can observed in the tax system are as follows: Widening of tax bases both by addition … Read more