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
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 through Public Distribution System (PDS) and … Read more
A subsidy is a benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public. Direct Cash Transfer Scheme is a POVERTY reduction measure … Read more
WTO agreement on agriculture The Agreement on Agriculture is one of the key agreements within the WTO system. Its importance is reflected by its presence as the first Agreement annexed to the Marrakesh Agreement establishing the WTO. Market access Market access simply means the right which exporters have to access a foreign market. The WTO … 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
Pricing of public utilities and government policy Priority to public There are a number of principles which govern the pricing of public utility Services. There are public utilities like Education, sewage, roads, etc. which may be supplied free to the public and their costs should be covered through general Taxation. Dalton calls it the general … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> In India, government expenditure – as per the provision in the Constitution – is divided into Revenue Expenditure and Capital Expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close … Read more
Ans: Green Box Subsidies: The subsidies which cause no, or at most minimal, trade distorting effects or effects on production. These subsidies are permitted under WTO regime, for instance; Government Services such as research, disease control, and
[su_heading size=”21″]Tax Reforms IN INDIA[/su_heading] Sience 1990 ie the
The Targeted Public Distribution System (TPDS): Ensuring Food Security and Empowering the Vulnerable The Targeted Public Distribution System (TPDS) is a cornerstone of India’s food security strategy, playing a crucial role in ensuring access to affordable food for the most vulnerable sections of society. This article delves into the intricacies of the TPDS, exploring its … Read more