BPSC Prelims and Mains Notes, BPSC Test Series
Digital Advancement of Rural Post Office for A New India (DARPAN) is aimed at realizing financial inclusion of un-banked rural population. The Project shall increase the rural reach of the Department of Posts and enable Branch Post Offices to increase traffic of all financial remittances, savings accounts, Rural Postal Life Insurance, and Cash Certificates etc. … Read more
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). The Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments. It is headquartered in Shanghai, China. The first regional … Read more
India is one among the few countries in the world having government held stocks of grains, for the following reasons: Buffer for meeting natural calamities Price stabilization in case of crop failures; Providing food grains under public distribution system. The government has buffer stock norms for different months in a year. At present, the maximum … Read more
Recommendations are as follows: Expand the outreach of the formal credit system to reach the really poor and needy. Reduce rate of interest for crop loans to 4 per cent simple, with government support. Moratorium on debt recovery, including loans from non-institutional sources, and waiver of interest on loans in distress hotspots and during calamities, … Read more
Parallel economy, based on the black money or unaccounted money, is a big menace to the Indian economy. It is also a cause of big loss in the tax-revenues for the government. We can define black economy as the money that is generated by activities that are kept secret, in the sense that these are … Read more
. The first and foremost issue is defining the ‘sensitive list’, or a negative list which would not be open to trade, those product lines on whom tariffs would not be reduced. This is also referred as trading to a negative list, which means trading in goods, other than those in the negative list. Very … Read more
Indian economy has come a long way since independence. From socialist pattern to liberalised era it , from being agrarian to service oriented economy it has seen many ups and downs. The basic features of Indian economy are enumerated as follows: India is a developing economy with low per capita income. Current Per capita income … Read more
Structural challenges : definition Redistribution: intrinsic limitation in terms of the effectiveness of targeting. State capacity: to handle its domain of delivering on health and education remain impaired for maximum number of states. Competitive federalism failed to idealised a model of delivery of essential services like health and education. Competitive populism needs a counterpart … Read more
BPO Role in India’s Economic Growth has been tremendous, especially in the last few years, when the demand for outsourcing work to India has been significant among western companies. The role played by BPOs in boosting India’s economy shows that the IT and ITeS sector have been contributing largely to the economic growth of India. … Read more
Inflation is the general increase in the price level. This increase in the price level reduce the purchasing power and the disposable income. This decrease hurts the poor most. There are various ways to control inflation. Some of them are as follows: Credit Control: Central bank (RBI in India) can control the money flow … Read more