14 Minor Forest Produce Items Included Under MSP Scheme

14 Minor Forest Produce Items Included Under MSP Scheme:   Highlights: This new mechanism will help to provide remunerative and fair prices to tribal gatherers of forest produces. The items which have been included in the scheme include- Tasar Cocoon, bamboo shoot, elephant apple dry, wild dry mushroom and malkangani seed. Minimum Support Price (MSP) […]

Reasons for High Fiscal Deficit in 2019-20

Increased Fiscal Deficit: The government’s fiscal deficit has increased to Rs. 11.58 lakh crore or 145.5% of the Budget Estimate (BE) at the end of December 2020 (accounting for the first nine months of the year 2020-21) mainly on account of lower revenue realisation. Key Points: Fiscal Deficit Target Fixed for 2020-21: The Centre had […]

15th Finance Commission’s Final Report

15th Finance Commission’s Final Report: The Fifteenth Finance Commission of India have submitted its final report for a five-year duration. The report has been submitted with the objective of transforming the financial governance of India’s municipalities. The interim report for Financial Year 2020-21 was tabled in Parliament along with Budget 2020-21. The final report for […]

Economic Survey 2020-21 – KeyPoints

Economic Survey 2020-21: Highlights Agriculture: The Agriculture and Allied activities showed a growth of 3.4 percent at constant prices during 2020-21 (first advance estimate) says the Economic Survey 2020-21. As per the Provisional Estimates of National Income released by CSO on 29th May 2020, the share of Agriculture and Allied Sectors in Gross Value Added […]

NCAVES India Forum 2021 : Highights

NCAVES India Forum 2021: Organized by the Ministry of Statistics and Programme Implementation (MoSPI). Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum-2021 is a part of NCAVES project of United Nations Statistics Division (UNSD). It aims to help five countries for addressing the concerns of sustainability and conserving the environment for […]

Cryptocurrency And Regulation Of Official Digital Currency Bill, 2021 : Highlights

Cryptocurrency And Regulation Of Official Digital Currency Bill, 2021: The Budget session of Parliament is likely to consider this bill, which prohibits all private cryptocurrencies and provides for an official digital currency to be issued by the Reserve Bank of India. The purpose of the law has been described as: to create a facilitative framework […]

Gold Schemes In India: Expected Changes

Gold Schemes In India: The government is planning to bring changes in the existing gold deposit and gold metal loan schemes to gradually stop investors from excessive investment in physical gold. Despite the government’s emphasis on gold monetisation over the last few years, including issuing gold bonds as part of its borrowing programmes, investment in […]

What Is Non-Price Competition?

Non-Price Competition: Non-price competition refers to competition between companies that focuses on benefits, extra services, good workmanship, product quality – plus all other features and measures that do not involve altering prices. It contrasts with price competition, in which rivals try to gain market share by reducing their prices. Non-price competition is often adopted by […]

COPRA Got Approval For The Minimum Support Price (MSP)

COPRA: The Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Price (MSP) of copra for the 2021 season. Copra is the dried meat or kernel of the coconut, which is the fruit of the coconut palm (Cocos nucifera). Coconut oil is extracted from copra, making it an important agricultural commodity […]