Visiting Advanced Joint Research (VAJRA) Faculty Scheme has recently been launched by the Prime Minister of India during the 14th Pravasi Bharatiya Divas Convention at Bengaluru on 8th January 2017 on pilot basis, for initial 3-4 years with a target of enrolling 50-75 VAJRA Faculty per year by the Science and Engineering Research Board (SERB), a statutory body of the Department of Science and Te...
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Category: Civil Services
Sectors of Indian Economy
Economic activities are activities that result in the production of Goods and Services. Indian Economy can be classified into various sectors on the basis of ownership, working conditions of the workers and the nature of the activity being performed. Sectors are the group of economic activities classified using some important criterion. The value of final goods and services produced in each sect...
Minerals are Mined for their Potential Use or Intrinsic Value
Minerals are homogenous, naturally occurring, inorganic solids, each having their own characteristic chemical composition and highly ordered atomic structure. Essentially, if a material is not grown, it must be mined. Minerals are an economic commodity, mined for their potential use or their intrinsic value. It is estimated that there are some 4,000 mineral types:
Islands Development Agency to focus on Holistic Development
Islands Development Agency (IDA) that was set up on June 1, 2017 following the Prime Minister’s review meeting for the development of islands, with focus on Holistic Development of Islands had its first meeting chaired by Union Home Minister Shri Rajnath Singh on Monday July 24, 2017, who presented vision of developing India’s maritime economy while preserving n...
India Japan Civil Nuclear Cooperation Pact Essential for Bringing a Network of Nuclear Energy Cooperation for India
India - Japan Civil Nuclear Cooperation pact that was signed in Tokyo during the visit of Prime Minister Narendra Modi to Japan on November 11, 2016 came into force on Thursday, July 20, 2017 when India’s Foreign Secretary S Jaishankar and Japanese Ambassador Kenji Hiramatsu exchanged diplomatic notes marking operationalisation of the pact. This civil nuclear cooperation deal t...
Impact of Global Meltdown on Agriculture Sector
As Global Meltdown or the Global Financial Crisis followed the Global Food Crisis, countries affected by the increase in food prices had to cope up with twin crises. The increase in food prices during 2007-08 caused much more adverse effect on the developing countries, compared to developed countries, due to the high share of food in total consumer expenditure and due to already existing vulnerabilities like hun...
High technology interface to capture data regarding e-way bill – that will play a vital role in GST
Under GST (Goods & Services Tax) regime, e-way bill, or electronic way bill, that likely to kick in from October 2017, will be required to transport any goods worth more than Rs 50,000. IT platform for this e-way bill is being developed by the National Informatics Centre (NIC) along with GST-Network (GSTN). The e-way bill would rely heavily on technology, employing RFID chips and QR codes; t...
Addressing Agrarian Crisis
“Due to the unfortunate erratic monsoon behaviour, farmers are facing problems of severe drought for the past few years. Though there’s a bumper crop this year, farmers are dissatisfied with procurement price and are unable to repay institutional and private loans. Without repaying debts, farmers won’t get fresh kharif credit. This is why they want loan waivers as well as remunerative procurement pri...
Corporate Activity in India is Growing with Corporate Bonds despite Slowdown in Bank Credit
Recent trends in corporate debt markets in India indicate that corporate activity in the country has not slowed down despite a slowdown in the bank credit growth to 5.4% during FY17, as the growth in outstanding bonds and commercial paper resulted in an aggregate borrowing growth of 12.5% at the end of March 2017. The focus on development of debt markets in India has considerably increased and has garnered a lot...
History & Details of Farm Loan Waivers in India
The first ever nation-wide farm loan waiver was announced in 1990 by Janata Party government led by then Prime Minister V.P. Singh and cost the government Rs 10,000 crore.
Thereafter, on February 29, 2008 P. Chidambaram, the then Finance Minister under United Progressive Alliance government led by Prime Minister Man Mohan Sin...