Economy

National Career Service is a Five Year Mission Mode Project launched by the Hon’ble Prime Minister on 20th July, 2015. The project is being implemented by the Directorate General of Employment, Ministry of Labour & Employment. National Career Service (NCS) is a one-stop solution that provides a wide array of employment and career related services … Read more

Under the Monetary Policy Framework Agreement, the RBI will be responsible for containing inflation targets at 4% (with a standard deviation of 2%) in the medium term. Under Section 45ZA(1) of the RBI Act, 1934, the Central Government determines the inflation target in terms of the Consumer Price Index, once in every five years in … Read more

The significant openness which started becoming visible in the nineties intensified from  2000 onwards with a sharp focus given through the FTP has resulted in a reversal of the  declining trend in global trade. However, the growth of the Indian economy in recent  times has outpaced the trade growth or that trade growth has lagged … 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

With growing sectors like automotive components, pharmaceuticals, cement, textiles, FMCG and e-commerce, there was the need of the healthy and efficient logistics sector. India rank 35 out of 160 in the logistics performance index. ( This is quite low). Hence GOI recently granted infrastructure status to the logistics.   Major benefits attached by granting infra. … Read more

  The stability of FDI even during the crisis period led many developing countries to favour FDI over other forms of Short-term inflows. The Foreign Countries Investors are willing to invest in Developing countries because it allows them to seek highest returns. It also reduces the risk faced by the owner of capital by allowing … Read more

Tax Revenue: Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commo­dities produced within the country, but exclu­ding those commodities on which State excise is levied (viz., liquors and narcotic drugs). The most important commodities from the revenue point of view are sugar, … Read more

Government liabilities are classified as debt contracted against the Consolidated Fund of India (defined as Public Debt) and liabilities in the Public Account, called Other Liabilities. Public debt is further classified into internal and external debt. Internal debt consists of marketable debt and non-marketable debt. Government dated securities and treasury bills, issued through auctions, together … Read more

Contract Farming is an agreement between farmers and cooperative firms for the supply and production of agriculture goods, under predefined agreements and price.  As per noted agriculture is booming for a very long time, but nowadays farmers are facing a new problem of accessing the market and fully achieving profitability. Contact farming will bring following … Read more

  MONETARY POLICY TOOL:   There are several direct and indirect instruments that are used for implementing monetary policy. Repo Rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the liquidity adjustment facility (LAF). Reverse Repo Rate: The (fixed) … Read more