Economy

Bad bank or PARA (Public Sector Asset Rehabilitation Agency) was proposed in Economic Survey 2016-17. Bad Bank is an institution which specializes in loan resolution process, so that banking system is free to focus on core banking solutions. Need for PARA According to Economic Survey, need for PARA arises because: Early resolution so that Funds for creation … Read more

Along with bringing transparency and accountability in enforcement of Labour Laws, the Government has taken various initiatives to realize and establish the dignity of every worker through provision of social security, enhancing the avenues and quality of employment along with industrial development. Recent major reforms are: Introduction of Labour Codes In line with recommendations of … Read more

SWAYATT is an initiative to promote Start-ups, Women and Youth Advantage Through eTransactions on Government e-Marketplace (GeM). This will bring together the key stakeholders within theIndian entrepreneurial ecosystem to Government e-Marketplace the national procurement portal. The nationallaunch of SWAYATT would further seek to promote inclusiveness by catapulting various categories of sellersand service providers, take proactive … Read more

. The main flaw in the system that a large chunk of those who are eligible for subsidized  food grains under BPL category have been left out leading to critically question  comprehensiveness of TPDS. The criteria for inclusion in the BPL list are solely economical which is often understated  or under reported because lack of … Read more

IMPRINT: IMPRINT is the first of its kind MHRD supported Pan-IIT + IISc joint initiative to address the major science and engineering challenges that India must address and champion to enable, empower and embolden the nation for inclusive growth and self-reliance. This novel initiative with twofold mandate is aimed at: (a) Developing new engineering education … Read more

Establishment of Some More Agencies Apart from Food Corporation of India, some more agencies should be set up for ensuring rational prices of other agricultural products and also for procuring other agricultural products. In the meantime the government has already set up Cotton Corporation and Jute Corporation, which needs to be further strengthened. Extension of … Read more

Industrial sector is a crucial sector for sustainable growth of India. The sector growth rate and its contribution to overall growth is not sufficient enough for achieving double digit growth. The benefit of achieving industrial growth is that it is employment friendly and it is a self priming system. The constraints in the development of … Read more

Contract farming is agricultural production carried out according to an agreement between farmers and a buyer, which places conditions on the production and marketing of the commodity. Contract farming (CF) is defined as forward agreements specifying the obligations of farmers and buyers as partners in business. Legally, farming contracts entail the sellers’ (farmers’) obligation to … Read more

Positives:   Introduction of modern technology. The improvement in technology will also mean that coaches that now require maintenance after running 4,000 km will need maintenance after every 40,000 km, which translates to either once or twice a month. Reduction in journey time comparable to operation by Indian railways due to technology introduce by private … Read more

. At independence, the leadership recognized that some regions were more backward than others. Only a few enclaves or areas around Calcutta, Bombay and Madras had undergone modern industrial development. From the beginning, the national government felt a responsibility to counter this imbalance in regional development. Thus, for example, the 1956 Industrial Policy Resolution of … Read more