World Bank Group
World Bank Group is a partnership of five institutions working for sustainable solutions that reduce poverty and build prosperity.
Public Distribution System (PDS)
Mains PYQs Qn 1. What are the major challenges of the Public Distribution System (PDS) in India? How can it be made effective and transparent? (2022) Public Distribution System – An Overview Qn 1. What are the major challenges of the Public Distribution System (PDS) in India? How can it be made effective and transparent?
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State of Indian Economy
Long term challenges Heavy population pressure Huge dependence of population on agriculture The existence of chronic unemployment and under-employment Poor Quality of Human Capital Inequality in wealth distribution Lack of access to basic amenities Low per capita income Slow improvement in Rate of Capital Formation Low level of technology Under-utilization of natural resources Lack of
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BRICS and New Development Bank
Established in 2015 by BRICS countries, the New Development Bank is a multilateral development bank aimed at mobilising resources for infrastructure and sustainable development projects in BRICS and other EMDCs.
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Balance of Payments
The Balance of Payments is a statement or record of all monetary and economic transactions made between a country and the rest of the world.
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Money and Capital Markets
“Financial market” is a phrase used to denote the total infrastructure which facilitates the trade of financial securities.Financial securities can be like currency, bonds, stocks, derivatives, commodities, forex etc. Structure of Financial Market in India Definition of Money Market and Capital Markets A component of financial market that facilitates short term borrowing, lending, buying and selling.
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Minimum Support Price(MSP)
The Minimum Support Price(MSP) is set by the GOI for 23 crops to protect farmers from drop in farm prices, MSP is announced based on recommendations from CACP.
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National Income
National Income is the value of production activity of a country. Includes payments made to all factors of production land, labour, capital and enterprise.