Highly informal nature of Indian economy (around 90%) is among the biggest challenges for growth and development of the nation. Its characteristics are: Absence of social security benefits...
Model Answer: Destination based tax (consumption tax) are levied at places where goods and services are consumed rather than at places were they get manufactured or from where...
Subsidies play an important role in the economy of the country as they ensure equitable utilization of the resources for the people therefore India cannot totally eliminate or...
Shetkari Sanghatana, also known as farmers’ Organisation, was founded by Sharad Anantrao Joshi. The organisation was for farmers with aim of ‘freedom of access to markets and technology’...
The agreement on agriculture, crucial aspect of Doha dialogue under WTO, aims to arrive at consensus on extent of domestic support countries can extend to their agriculture sector....
Continuing with the ongoing trend, year 2021 saw record food grain production despite the black swan event of Covid-19. Reasons: Favourable monsoon. Positive growth (3.4%) in agriculture sector....
Input-based distribution franchise model is the incorporation of inputs and pre-determination of estimated scenario in preparing power purchase agreements (PPA). Benefits of PPP in power sector: Combines efficiency...
Inclusive growth refers to process and outcome, where every section of society participates in organisation of growth and benefits from it equally (UNDP). IMF chief economist Ms. Gopinath...
The Zamindari system underwent many changes from Mughal to British period. While during Mughal period Zamindars were not the owner of the land, but were petty land holders....
Model Answer: Progressive Tax follows the principle of ‘ability to pay’ because they are levied on the basis of individual’s income and wealth. Since, ability to pay can...
