Index of Industrial Production (IIP) Subject: Economy Context: It measure the factory output, which is measured in terms of Index of Industrial Production (IIP), contracted by -1.9 per cent in November. Concept: INDEX OF INDUSTRIAL PRODUCTION – Optimize IAS
Consumer Price Index (CPI) Subject: Economy Context: The Consumer Price Index (CPI) rose by 4.59 per cent in December. Concept: CPI is a measure of retail inflation (WPI measure wholesale inflation) in economy. It is calculated on monthly basis. There is also an annual report with a 1-month lag. CPI -IW – Optimize […]
Approach: Introduction Food Corporation of India is the primary organisation for ensuring food security despair critical role the looming crisis of hunger and starvation during the covid-19 primary duty is to undertake purchase to transport distribute and sell food grains Body Functional challenges The food corporation of India faces numerous challenges Operationally expensive inefficient […]
Approach: Introduction: Highlight the distress Indian agriculture is facing with low GVA and high workers share. Body: Discuss various structural issues of Indian agriculture from farm gate to market i.e Land fragmentation or lack of land reforms Input costs high for marginal farmers and monsoon dependency Poor access to credit Lack of post-harvest infrastructure […]
Excise Duty Subject: Economy Concept: Excise duty is a form of tax imposed on goods for their production, licensing and sale. An indirect tax paid to the Government of India by producers of goods, excise duty is the opposite of Customs duty in that it applies to goods manufactured domestically in the country, […]
INVERTED DUTY STRUCTURE Subject: Economy Context: Budget may try to straighten ‘inverted duty’ structure to reduce its impact on the domestic industry. Concept: The inverted duty structure denotes prevalence of higher taxes on inputs than on finished items. Impacts of Inverted Duty Structure: According to FICCI, Inverted customs duty structure on finished goods […]