Economy

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

new integrated cold chain projects are likely to generate direct and indirect employment for 16,200 and are likely to benefit 2,57,904 farmers. The projects have been approved across the states of Andhra Pradesh (7), Bihar(1), Gujarat(2), Haryana(4), Karnataka(3), Kerala(1), MP(1), Punjab(1), Rajasthan(2), Tamil Nadu(4) and Uttar Pradesh(1). These 27 new integrated cold chain projects will … Read more

Foreign portfolio investment (FPI) consists of securities and other financial assets held by investors in another country. It does not provide the investor with direct ownership of a company’s assets and is relatively liquid depending on the volatility of the market. Along with foreign direct investment (FDI), FPI is one of the common ways to … Read more

InVITS:  An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the … Read more

Physical Quality of Life Index (P.Q.L.I) was developed by famous economist Morris David in 1979 for 23 developed and developing countries. Morris David used the following three indicators to prepare a composite index known as Physical Quality of Life Index: Life Expectant Rate (L.E.I) Infant Mortality Rate (I.M.I) Basic Literacy Rate (B.L.I) Life Expectant Rate … Read more

AIR India is facing a severe crisis and at every functional aspect the PSU is on downward side. AI has a total debt of near about 50,000 cr.  The major reasons for the failure of PSU are as follows: Less income generation in passenger revenue. This is corroborated by the audit report of CAG also. … Read more

  In formulating the recommendations in respect of the level of minimum support prices and other non-price measures, the CACP takes into account a comprehensive view of the entire structure of the economy of a particular commodity or group of commodities. Other Factors include cost of production, changes in input prices, input-output price parity, trends … Read more

The current account shows the records of exports and imports of both the material goods and services of a country with the rest of the world. Export and import of goods are totally different from the export and import of services. While goods are tangible and called as merchandise or visible trade, and of which … Read more

This is a scheme for providing Physical Aids and Assisted-living Devices for Senior citizens belonging to BPL category. This is a Central Sector Scheme, fully funded by the Central Government. The expenditure for implementation of the scheme will be met from the “Senior Citizens’ Welfare Fund”. The Scheme will be implemented through the sole implementing … 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