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Category Archives: Economics

Recent changes made for trade & DIPP

Recent changes made for trade & DIPP  

  • Department of Industrial Policy & Promotion has been renamed as the Department for Promotion of Industry & Internal Trade.
  • DPIIT will work under the Ministry of Commerce & Industry
  • DPIIT will deal with

Mode 4 of GATS: Indian effort under lens of developed states

Recently India proposed simpler and more transparent qualification and licensing norms for temporary entry of professionals in other countries. India got support of LDCs, African countries and other developing countries in its effort for promoting easy movements of professionals. However, …

Agriculture distress in India: extent & way forward

Agriculture distress refers to the problems faced by farmers & agriculture labour in terms of declining per capita value accumulation of their produce. In India, large agriculture output was accompanied by exploding population, resulting into “large output to be shared …

Zero Hunger and India

Before we analyze “Zero Hunger,” the Goal-2 of SDG, we should know what the Hunger is?

In simple term, hunger means physiological need to eat food.

However, according to GHI (Global Hunger Index) prepared by International Food Policy Research Institute …

Banking system in India

Types of Bank in India 

  1. Scheduled Banks: these are banks that are listed in the Second Schedule of RBI Act, 1934
  2. Non-Scheduled Banks: these are banks which are not listed in the Second Schedule of RBI Act, 1934

Scheduled Banks

MSP: The tool for doubling farmers’ income

MSP, the Minimum Support Price is the minimum price promised by the government to the farmers.

Need of MSP

  • To assure
  1. Minimum income to farmer
  2. Food security
  • To promote
  1. Agriculture production
  2. Rural economic growth
  3. Sustainable economic growth
  • To help bridge

Economic Survey Series-3: MSP- limitations and challenges in its calculation

Methodology for cost calculation of MSP

Government of India established Commission for Agricultural Cost and Pricing in 1965 (as Agriculture Price Commission and renamed in 1985) to recommend minimum price for various agriculture produce to optimize the use of resources …

Economic Survey Series-2: Unwanted Girls, Missing Women and Demographic Bubble

Demographic bubble refers to the sex related distortions in the human society that itself endangers human existence.

Before going into details we must understand some of the terms which help explain this syndrome.

“Meta son preference”: It refers to …

Economic Survey Series-1: Decoupling of Indian growth from world economy

 

Decoupling

Decoupling refers to the reversal of usual relationship between two parameters. In economics, different parameters have well defined relationships, however, under certain condition, such defined relationship is reversed. This reversal of relationship is termed “Decoupling”

The present decoupling

Price Support to Farmer: The Indian mechanism to avert crisis

Price support refers to the minimum remunerative price as promised by a government to the farmers.

Features of Price support

  1. It is the floor price set by the government
  2. It keeps the market price well above the competitive equilibrium price
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