Economy

The Reserve Bank of India gives temporary loan facilities to the centre and state governments as a banker to government.  This temporary loan facility is called Ways and Means Advances (WMA).The WMA scheme for the Central Government was introduced on April 1, 1997, after putting an end to the four-decade old system of adhoc (temporary) … Read more

The Bibek Debroy Committee is a high level committee for “Mobilization of Resources for Major Railway Projects and Restructuring of Railway Ministry and railway board. It gave various suggestions to address the concerns. Some of them are as follows: Transition to commercial accounting as it is next to impossible to find out the profit with the … 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

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

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

The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The meetings of theMonetary Policy Committee are held at least 4 times a year and it publishes its decisionsafter each such meeting. The committee comprises six members – three … Read more

. The increase in the incomes of our working class population has resulted into increase in disposable income which can be spent on processed food. However, the change in food consumption pattern of the working class who prefer readymade food processed items is yet another important factor behind the rising need for food processing industries … Read more

Aspire – A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship.  It was launched by Ministry of MSME. ASPIRE- was launched to set up a network of technology centres and to set up incubation centres to accelarateenterpreneurship and also to promote startups for innovation in agro industry   The main objectives of the scheme … Read more

Pollution: Conventional tanning process leads to environmental pollution e.g. Liquid effluent from light leather processing contains organic matter, chromium, sulphide, and solid waste. Raw material: Economic Survey – 2016-17 pointed out non- availability of cattle for slaughter is an impediment for raw material supplier. Lack of warehousing support: from the government results into huge loss … Read more

To catalyze cutting-edge PV manufacturing in India, NITI Aayog, Ministry of New and Renewable Energy, and Invest India, are organizing a global symposium virtually, ‘India PV EDGE 2020 The focus is on ‘Wafers and Cells’, ‘Modules and Production Equipment’ and ‘Supply Chain’. Solar deployment has been the flagship green growth story of the last decade … Read more