Employment elasticity Subject : Economy Section: Employment Context One percentage of GDP growth today yields less than one fourth the number of good quality jobs that it did in the 1980s. Concept: Employment Elasticity: Employment elasticity is a measure of the percentage change in employment associated with a 1 percentage point change in economic […]
Centre to amend Warehousing Act Subject: Economy Section: Agriculture Context: The Union Food and Public Distribution Ministry has suggested major amendments to the Warehousing (Development and Regulation) Act of 2007. the amendment was to make registration of godowns compulsory and to raise the penalty for various offences and to do away with the […]
Trend on Foreign Direct Investment (FDI) in India Subject :Economy Section: External Sector Context:Singapore (27.01%) and USA (17.94%) have emerged as top 2 sourcing nations in FDI equity flows into India in FY2021-22. Concept: As per the UNCTAD World Investment Report (WIR) 2022, on the global trends in FDI inflows, India has improved […]
Gross domestic product (GDP) Subject :Economy Section: National income Context: GDP not effective measures of progress Gross domestic product (GDP) is the single standard indicator used across the globe to indicate the health of a nation’s economy: one single number that represents the monetary value of all the finished goods and services produced […]
Black money Subject : Economy Section: Fiscal Policy Context: In cases related to deposits made in unreported foreign bank accounts in HSBC, undisclosed income of more than Rs 8,468 crore has been brought to tax and penalty of over Rs 1,294 crore has been levied, according to the Finance Minister. Black Money: There […]