Page-52 of GS-III: Economy & Economic Development

What do you understand by Agriculture Value Chain? How it is different from supply chain for other products? Explain highlighting the importance of an Agricultural Value System Platform.

Value chain refers  to  the  set  of core  activities  and  support functions, internal to  a business entity, to  create and deliver  its goods or services. Value chain optimisation refers to optimising the value capturing activities and the  internal processes/procedures to ..

Examine the relationship between the size of the land holding and the productivity.

Almost 50% of Indian population is dependent on the agriculture for their livelihood. Hence productivity of the agriculture is a vital factor for the Indian economy. The productivity must be accessed in the light of the continued fragmentation of land ..

Blockchain technology can aid in increasing farm income. Discuss.

The blockchain is a distributed ledger technology that allows all members to record transactions in a decentralised data log maintained on a network of computers, rather than a physical ledger or a single database. Transactions must be approved through consensus, ..

In recent years, natural rubber production in India is facing sharp decline. Critically discuss the problems and government efforts made in this direction so far.

According to Rubber board production of natural rubber slumped by 14 %in the first quarter of current fiscal.In June it fell by 21%,when compared to a year before.Following factors can be said to be the reasons: 1)Ageing trees leading to ..

The nature of economic growth in India in recent times is often described as jobless growth. Do you agree with this view? Give arguments in favor of your answer. [UPSC, 2015]

Yes, India’s economic growth has been jobless growth in recent times mainly due to the negative / almost zero employment elasticity. Most economic sectors in India have employment elasticity close to zero except few such as construction. During 2004-14, India ..

What do you understand by Fiscal Consolidation? Elucidate the bottlenecks and steps taken by the government in recent years to achieve the same.

Fiscal consolidation implies reduction in debt accumulation and fiscal deficit. Governments undertake different policies to achieve fiscal consolidation. Improved revenue collection and prospective growth boosting expenditure are the components to achieve fiscal consolidation. The Fiscal Responsibility and Budget Management (FRBM) ..

What are the key features and significance of the Draft Wages Code Bill 2017?

With an attempt to mark the initiation of labour reforms the government is pushing for the wage code bill. Features of the bill: The Code would replace four existing laws of Payment of Wages Act, 1936, Minimum Wages Act, 1948, ..

What are the major current trends in fragmentation of land holdings in Indian agriculture?

Inability of the Indian economy to shift the excess labour force towards the tertiary sector and lack of capital intensive industries has resulted in overdependence on agriculture for their livelihood. A significant outcome due to this is the fragmentation of ..

How bigdata can be next big thing for agriculture?

Big data refers to extremely large data sets that may be analysed computationally to reveal patterns, trends, and associations. Bigdata can revolutionize agriculture by helping farmers to speed up plant-growth and increase their yield. Bigdata enables scientists to engineer plants ..

Discuss the various steps taken by Indian government to integrate ICT with agriculture.

ICT has made India a knowledge economy. ICT has immense potential to rejuvenate Indian agriculture which is facing challenge of stagnation. Various initiatives undertaken to integrate ICT with agriculture are Kisan call centres It provides agriculture related information through toll ..