APSC Prelims and Mains Notes, APSC Test Series
Liberal entry of private sector and foreign banks. It is as a part of the reforms that today there are big private banks such as ICICI, HDFC, Axis and foreign banks such as the Citi group, HSBC, Barclays operating along with the public sector banks. Public sector were provided greater autonomy to function in a … Read more
Project Saksham: The project is for creation of a New Indirect Tax Network (System Integration) of the Central Board of Excise and Customs. The project will help in Implementation of Goods and Services Tax (GST), Extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT) and Other taxpayer-friendly initiatives under Digital India and … Read more
Establishment of state level regulatory authorities- Real Estate Regulatory Authority (RERA)- the Act provides for State governments to establish more than one regulatory authority Functions: Register and maintain a database of real estate projects; publish it on its website for public viewing, Protection of interest of promoters, buyers and real estate agents development … Read more
Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets.The government undertakes disinvestment to reduce the fiscal burden on the exchequer, or to raise money for meeting specific needs, such as to bridge the revenue shortfall from other regular sources. Indian non debt … Read more
The decline in agriculture growth is attributed to two consecutive drought years; as 60% of Indian agriculture is rain-fed. A target of 4% growth has been envisaged for agriculture and allied sectors for twelfth plan period, however, the growth was (-) 0.2 per cent in 2014-15 & 1.1% in 2015-16. The depressing situation of agriculture … Read more
The Government of India encourages foreign investment in the automobile sector and allows 100 per cent FDI under the automatic route. Some of the recent initiatives taken by the Government of India are – The government aims to develop India as a global manufacturing centre and an R&D hub. Under NATRiP, the Government of India … Read more
Estimates Committee Estimates Committee was first established during British Era in 1920s but Independent India’s first Estimates Committee was established in 1950. This committee examines the estimates included in the budget and suggests ‘economies’ in public expenditure. The Estimates Committee has 30 members and all these members are from Lok Sabha. There is no Rajya … Read more
Differentiated banks are banking institutions licensed by the RBI to provide specific banking services and products.It is a system refers to the system of different licenses for different sub components of the banking sector such as Limited Banking License, Commercial Banking License etc. A differentiated license will allow a bank to offer products only in … Read more
Causes of Regional Imbalances in India: 1. Historical factors: British regime 2. Geographical factors : Natural factors 3. Failure of planning: Although balanced growth has been accepted as one of the major objectives of economic planning in India, since the second plan on wards, but it did not make much headway achieving this object. 4. … Read more
The Reserve Bank of India (RBI) appointment a Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households under the Chairmanship of Shri Nachiket Mor, member on the Central Board of Directors, RBI in the month of Sep 2013. Its prime object was to frame a clear and detailed vision for financial inclusion and … Read more