Economy Archives

DMPQ- “In recent years Government of India has taken several measures to improve the ease of doing business in India.” Elucidate.

The government of India has taken a series of following measures to improve ‘Ease of Doing Business’ in the country. Existing rules have been simplified and information tech nology is introduced to make governance more efficient and effective: The process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online … Read more

DMPQ- GIFT.

GIFT stands for Gujarat International Finance Tec-City (GIFT). GIFT City is an emerging global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external … Read more

DMPQ: . What is the recapitalisation plan for the banks? Discuss the implication of the plan. (Economy)

Recapitalisation plan is a mechanism to deal with the problems of NPA in the financial institutions. It is one of the four R’s to address the issue of NPA’s. In Oct,17 Centre has announced a 2.11 lakh crore recapitalisation plan for the public sector banks over the next two years. The recapitalisation plan is a … Read more

DMPQ- What are the Challenges in front of Small scale and cottage industries

Financial problems The paucity of adequate and timely finance and credit is the main setback in the development of SSI units. It is even worse in case of cottage and village industries. The capital base of the small industrial units is usually very weak since they generally have partnership or sole proprietorship form of organization. … Read more

DMPQ-Write a short note on the fisheries and aquaculture infrastructure development fund.

India is currently the second largest producer of fisheries after China. To double the Farmer’s income by 2022 the government has created the Fisheries andAquaculture Infrastructure Development Fund (FAIDF) in 2018. Salient Features of the FAIDF: The main aim is to boost fish production to achieve the target of producing 15 million tonnes of fishproduction … Read more

DMPQ:US has decided to do away with relaxation on Iran’s sanctions. How it is going to affect India?

Recently Trump administration decided to do away with relaxation to major importers of Iran’s oil resource. US govt. has decided to be more proactive and want more imposition of sanctions on Iran to derail Iranian economy and eventually dis courage nuclear activity and funding to terrorist groups. This step is going to affect India as … Read more

DMPQ- Throw light on some of other forms of budgeting in India.

Zero-Based Budgeting – ZBB This is a method of budgeting in which all expenses must be justified for each financial year. The process of this budgeting starts from a “zero base,” on every financial year. Every function within the ministry or department is analyzed for its needs and costs. Budget allocations are then made according … Read more

DMPQ- What are the different sectors of Food Processing? Mention the differences between them.

The food processing sector comprises of three segments based on the levels of processing Primary processing of food Primary processing of food comprises of sorting, grading and packaging of fruits and vegetables, milk, rice, spices, etc. Secondary Processing of Food Secondary processing of food comprises of re-shaping of food for ease of consumption. It includes … Read more

DMPQ- Highlight the advantages and disadvantages of Formalization of Indian Economy.

Advantages of formalization Increased tax revenues for the government due to better reporting under taxation laws Coverage of population under social protection plans, saving from financial distress during difficult times Increase workers’ welfare and the opportunities for decent jobs Reduce unfair competition between formal and informal enterprises arising from tax or regulatory arbitrage Downsides of … Read more

DMPQ- Inclusive growth should be the foundation of growth story of India. Comment on the salient features of Inclusive Growth of India.

Growth is said to be inclusive when it is distributed fairly across society and creates opportunities for all. Growth is inclusive when it permeates evenly across all sectors, to every nook and corner of country and take all stakeholders along. Salient features of Inclusive growth are as follows: Equity-More opportunities are available to enable upward … Read more