Subject: Economy Context: Sagarmala development company Ltd will step in to help deploy some of the 24 roll-on, roll-offas well as Ropax owned by Inland Waterways Authority of India. Concept: Sagarmala: The Sagarmala project seeks to develop a string of ports around India’s coast. The objective of this initiative is to promote “Port-led development” along […]
Subject: Economy Context: Over 3.5 lakh composition taxpayers under GST will now have the facility of filing NIL return by just sending a SMS. Concept: Composition Scheme Taxpayers under the composition scheme of the GST will now have more relaxed rules with an increased turnover limit for the applicability, inclusion of service providers and reduced […]
Subject: Economy Context: A bountiful monsoon has brought a new challenge for the Finance Ministry, with the subsidy bill for fertilisers this year expected to be much higher. Concept: Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them.• The difference between the retail […]
Subject: Economy Context: DIPAM to monetise assets worth over ₹100 crore. Concept: The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale in the Public Sector Undertakings (PSUs). DIPAM and NITI Aayog will jointly identify PSUs for strategic disinvestment. Mandate […]
Inclusive Growth What is Inclusive growth? It is a growth process which yields broad-based benefits and ensures equality of opportunity for all. The central idea of the inclusive growth i.e. sharing of fruits of socio-economic development with all sections of the society. World Bank defines the IG as follows – “Inclusive Growth refers both […]
Subject: Economy Concept: Non-Tariff Barriers : Direct Price Influences Subsidies Subsidies are the direct payments made by the government to domestic producers. It can take form of cash payments, low interest loans, government participation in ownership, tax incentives, etc. Subsidies help in lowering down the cost of production of domestic goods as a result of […]
Subject : Economy Concept : 1. Remission of Duties or Taxes on Export Product : The new scheme will be implemented from 1st January 2020 and will replace the existing Merchandise Exports from India Scheme (MEIS) and create a fully automated route for Input Tax Credit (ITC) in the GST to help increase exports in […]
Mains GS III Topic: Transport and Marketing of Agricultural Produce Overview: The topic in syllabus pertains to movement of produce from farm to fork. In this unit, we will discuss about – What agriculture marketing is? Transforming agriculture marketing – From “Selling to Marketing” Agriculture Logistics, Supply chains and Value chains Recent developments […]
Subject: Economy Context: Central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the monetary policy committee. Reserve Bank of India (RBI) left interest rates unchanged at that meeting, as expected. Concept: The MPC is a statutory and institutionalized framework under the RBI Act, 1934, for maintaining price […]