Notes and Study material for Exams
Current Account deficit and Unfavorable Balance of Payment Current Account Deficit The current account deficit is a measurement of a country’s trade where the value of the goods and Services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, such as … Read more
Marketing MIX Marketing involves a number of activities. To begin with, an organisation may decide on its target group of customers to be served. Once the target group is decided, the product is to be placed in the market by providing the appropriate product, price, distribution and promotional efforts. These are … Read more
agriculture price policy Agricultural price policy in India was introduced since independence. But the agricultural price policy formulated in India has varied widely for different years and also for different crops. This policy put much emphasis on the prices of foodgrains like wheat, rice and coarse Cereals such as jowar, bajra, maize etc. … Read more
ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains … Read more
Inflation is a sustained increase in the general price level of goods and Services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the Percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more
Transport & Marketing of Agricultural Produce: A Vital Link in the Food Supply Chain The journey of agricultural produce from farm to fork is a complex and multifaceted process, involving a multitude of actors and intricate logistical challenges. Efficient transport and marketing systems are crucial for ensuring the timely and cost-effective delivery of fresh, high-quality … Read more
The Essential Commodities Act, 1955: A Balancing Act Between Supply and Security The Essential Commodities Act, 1955 (ECA) is a cornerstone of India’s economic policy, aimed at ensuring the availability of essential goods and services to the public at fair prices. This legislation has played a crucial role in stabilizing the market, preventing hoarding and … Read more
Agricultural Pricing Policy: A Balancing Act Between Farmers’ Welfare and Consumer Affordability Agriculture, the backbone of many economies, plays a crucial role in providing food security and generating livelihoods for millions. However, the sector faces numerous challenges, including volatile market prices, fluctuating input costs, and the ever-present need to balance farmers’ income with consumer affordability. … Read more
The Food Corporation of India: A Pillar of India’s Food Security The Food Corporation of India (FCI) stands as a cornerstone of India’s food security system, playing a pivotal role in ensuring the availability of food grains for the nation’s vast population. Established in 1965, the FCI has evolved over the years, adapting to changing … Read more