DMPQ- . What is external commercial borrowing (ECB) ? Point out the importance of ECB for India’s external investment.

An external commercial borrowing (ECB) is an instrument used in India to facilitate Indian companies to raise money outside the country in foreign currency. The government of India permits Indian corporates to raise money via ECB for expansion of existing capacity as well as for fresh investments. Other such external sources of finance/capital include FCCBs … Read more

DMPQ- “In recent years Government of India has taken several measures to improve the ease of doing business in India.” Elucidate.

The government of India has taken a series of following measures to improve ‘Ease of  Doing Business’ in the country. Existing rules have been simplified and information tech­ nology is introduced to make governance more efficient and effective: The process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online … Read more

DMPQ- “While globalization has brought means of betterment for Indian economy but it has presented set of challenges for the same.” Critically evaluate the statement.

While globalization does provide for means of betterment for economies, it has some  inherent challenges which will have to be addressed: While decisive thrust on exports is required, there would be pressures for liberal imports which could create issues in the domestic sector by making imported goods  cheaper threatening domestic goods. Already, the Indian market … Read more

DMPQ- “Pradhan Mantri Jan Dhan Yojana (PMJDY) has been important milestone in the journey of financial inclusion in India.” Give the arguments in favour of the statement.

Financial inclusion involves the availability of sustainable, useful financial products and services for all business and individuals, regardless of company size or individual net worth. It makes financial services such as banking, insurance, equity, etc. available equally to all, without discrimination. Universal access to banking facilities for all households across the country through a bank … Read more

DMPQ- . “In 1991 India went through many liberal economic policies which changed India’s economic scenario” Elucidate.

End of license raj On 24 July 1991, Prime Minister Narasimha Rao announced the end of the license-permit Raj and Finance Minister Manmohan Singh presented a historic budget that rolled out economic liberalisation in India. It proposed getting rid of the Monopolies and Restrictive Trade Practices asset limit totally. Industrial licensing would be abolished for … Read more

DMPQ- Explain that scope of food processing industry in India is limitless.Also mention the challenges faced by India’s food processing industry.

. The increase in the incomes of our working class population has resulted into increase in disposable income which can be spent on processed food. However, the change in food consumption pattern of the working class who prefer readymade food processed items is yet another important factor behind the rising need for food processing industries … Read more

DMPQ- How important are India’s mega food parks for India’s food processing industry?

The Scheme of Mega Food Park aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximizing value addition, minimizing wastage, increasing farmers income and creating employment opportunities particularly in rural sector. The Mega Food Park Scheme is based on “Cluster” approach … Read more

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