Economy

Unorganised sector: unorganised sector  is defined as a  production or service oriented enterprise owned by individuals or self employed workers (one who is not working for an employer and is engaged in an unorgnised sector job earning an income below a threshold or owning land below a notified limit) and if workers are employed, then … Read more

The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for up to 4,800 products from 129 designated beneficiary countries and territories. GSP was instituted on January 1, 1976, by the Trade Act of 1974. Under the GSP program, certain products can enter the … Read more

Small and Medium-sized enterprises (SMEs) are labour intensive, have the advantage of low cost of production and can make good use of locally available resources pushing demand and growth. The sector offers a wide range of employment opportunities and absorbs most of the working age population. Majorly consists of handlooms, handicrafts, coir, sericulture, khadi and … Read more

Big data is the huge amount of data which is present in an unprocessed way. It is a complex data. Big data is characterised by 3 Vs ie. Volume of data, velocity of data i.e. processed and complex variety of data. Big data has various useful application. The application of Big data can be seen … Read more

P2P lending is the popular type of crowd funding, whereby an internet platform collects small amounts of funds from individuals in a crowd to finance collectively a larger loan to individuals or businesses. Websites that facilitate peer-to-peer lending have greatly increased its adoption as an alternative method of financing.P2P lending is also known as social … Read more

The food processing sector comprises of three segments based on the levels of processing Primary processing of food Primary processing of food comprises of sorting, grading and packaging of fruits and vegetables, milk, rice, spices, etc. Secondary Processing of Food Secondary processing of food comprises of re-shaping of food for ease of consumption. It includes … Read more

The National Agriculture Market is envisaged as a pan-India electronic trading portal which seeks to network the existing APMCs and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market but it has a physical market (mandi) at the back end. NAM is proposed to be achieved through … Read more

Establishment of Some More Agencies Apart from Food Corporation of India, some more agencies should be set up for ensuring rational prices of other agricultural products and also for procuring other agricultural products. In the meantime the government has already set up Cotton Corporation and Jute Corporation, which needs to be further strengthened. Extension of … Read more

RMSA has following objectives:- To ensure that all secondary schools have physical facilities, staffs and supplies at least according to the prescribed standards through financial support in case of Government/ Local Body and Government aided schools, and appropriate regulatory mechanism in the case of other schools. To improve access to secondary schooling to all young … Read more

Merchant Banks:      A bank dealing in commercial loans and investment. They manage and underwrite new issues, provide consultancy and corporate advisory services for corporate clients on raising finds and other financial aspects. b) Venture Capital Fund: Usually the financial institutions are hesitant to finance new products because the profitability of new products is uncertain and … Read more