Economy

The National Sample Survey Organization (NSSO), since its inception in 1950, does the measurement of employment/unemployment in India. The National Sample Survey Organization (NSSO) provides three different estimates of employment and unemployment based on different approaches used to classify an individual’s activity status. These are : Usual status approach with a reference period of 365 … Read more

The Tobin Tax, named after Nobel Prize-winning US economist James Tobin, was proposed in 1971 for the first time with the intention to levy it on short-term capital currency transactions. whenever currency crises have erupted, the proposal for a levy on international currency transactions has been debated. Tobin tax as a tool to discourage speculative … Read more

NITI Aayog has created the India Knowledge Hub (IKH), a dynamic web portal, functioning as a repository to store and disseminate best practices from across the country. Reflecting the spirit of cooperative federalism, the NITI Aayog launched the India Knowledge Hub so that districts, States, Central ministries and other government institutions can exchange knowledge on … 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 objective of Project CHAMAN is to provide strategic development to the horticulture sector, so as to increasefarmers income, a pioneer project called CHAMAN. The project is implemented by Mahalanobis is National CropForecast Centre (MNCFC)using remote sensing technology. Silent Features: Project CHAMAN carries out mapping of area and output of 7 horticultural crops in 12 … Read more

India is currently the second largest producer of fisheries after China. To double the Farmer’s income by 2022 the government has created the Fisheries andAquaculture Infrastructure Development Fund (FAIDF) in 2018. Salient Features of the FAIDF: The main aim is to boost fish production to achieve the target of producing 15 million tonnes of fishproduction … Read more

The Indian agricultural system was plagued by ills of absentee landlordism, tenancy. Land reform was thereforeneeded to break the shackles of zamindari systems prevalent since British raj. Farmers were made owners of theirland after which they worked wholeheartedly on their farms. Significance of Land reforms in India: Land ceiling to disburse surplus land amongst small … Read more

The Nirvik scheme announced by the Union Government would give a fillip to export lending and insurance cover for export credit. The scheme aims to ease the lending process and enhance loanavailability for exporters.Under the scheme,the insurance cover guaranteed will cover up to 90% of the principaland interest. The insurance cover will include both pre … Read more

Open Acreage Licensing Policy (OALP) gives an option to a company looking for exploring hydrocarbons to select the exploration blocks on its own, without waiting for the formal bid round from the Government. UnderOpen Acreage Licensing Policy (OALP), a bidder intending to explore hydrocarbons like oil and gas, coal bedmethane, gas hydrate etc., may apply … Read more

Core sectors of an economy are the main or the key industries in the economy. In India, there are 8 sectors which are considered the Core Sectors. The eight core sectors of the Indian economy are: Electricity Steel Refinery products Crude oil Coal Cement Natural gas Fertilisers These industries have a major impact on the general economic … Read more