Economy

With increase in the average expectancy age , the issue of elderly population will arise in the near future. The economy has to look into to take care of the elderly population. But there are some issues attached with ageing population: Lack of uniform and accessible pension system. Premium rates are different and there are … Read more

Minimum wages is the minimum wage to be given to workers as per rule and law. The non payment or below payment of wages attract Penalty and sanctions. As per the International Labour Organisation India wage report one in every three wage workers in India is not protected by the minimum wage act. As per … Read more

It is a dedicated fund set up by Ministry of Finance,in 2013, for implementation of initiatives aimed atenhancing the safety and security for women inthe country. It is a non-lapsable corpus fund.Ministry of Women and Child Development is thenodal Ministry to appraise schemes under NirbhayaFund and also to review and monitor the progressof sanctioned Schemes … Read more

The term “liberalization” in this context implies economic liberalization. The essence of thispolicy is that greater freedom is to be given to the entrepreneur of any industry, trade orbusiness and that governmental control on the same be reduced to the minimum. Rules and laws which were aimed at regulating the economic activities became majorhindrances in … Read more

The  major reasons are: Rise in Prices and galloping inflation. It surged from 6.7% to near about 16% Increase in the Fiscal deficit. Increase in non -development expenditure. Adverse Balance of payment and pressure on Balance of Payment. Iran-Kuwait war led to increase in Petrol price and hence pressure on Indian Imports. Adopted approach of … Read more

Nutrient bases subsidy scheme is to ensure balanced use of fertilizers and to improve agriculture productivity. The major features of NBS are: Under the NBS Policy, a fixed amount of subsidy decided on annual basis isprovided on each grade of the subsidized Phosphatic & Potassic (P&K) fertilizersdepending upon its nutrient content.Minimum Retail Price (MRP) of … Read more

Lack of infrastructure–Approximately 95.2 per cent of schools are not yet compliant with the complete set of RTE infrastructure indicators according to survey conducted in 2010.They lacks drinking water facilities, a functional common toilet, and do not have separate toilets for girls. Number of boards causes non uniformity of curriculum throughout India so maintenance of … Read more

Selection Process The selection process of Smart Cities is based on the idea of Competitive and Co-operative Federalism and follows a Challenge process to select cities in two stages. In January 2016, based on the All India Competition, 20 smart cities were selected in Round 1.13 more Smart Cities were selected in May 2016 in … Read more

The Indian peninsula juts 1,980 km into the Indian Ocean with 50% of the Indian Ocean basin lying within a 1500 km radius of India, a reality that has strategic implications. Between the Gulf of Aden and Malacca Strait, is seen as India’s sphere of influence. India is one of very few countries in the … Read more

The Government of India encourages foreign investment in the automobile sector and allows 100 per cent FDI under the automatic route. Some of the recent initiatives taken by the Government of India are – The government aims to develop India as a global manufacturing centre and an R&D hub. Under NATRiP, the Government of India … Read more