ECONOMY by VIVEK SINGH

2024-02-09 05:00:00 The answer to the above question is (c)

Under Price Stabilization Fund (PSF) Scheme, Govt. provides budgetary support (interest free loan) for working capital and other incidental expenses for procurement and distribution of agri-horticultural commodities. The intervention is expected to regulate price volatility through procurement by State/UT Government and Central agencies/Central PSUs/Cooperative organisations of selected produce, maintenance of buffer stocks and regulated release into the market.

Govt. has launched ‘Bharat Atta’ and ‘Bharat Rice’ ‘Bharat Pulses’ which is available at all physical and mobile outlets of Kendriya Bhandar, National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers' Federation of India (NCCF) and will be expanded to other retail outlets and e- commerce platforms.

FCI's Open Market Sale Scheme (OMSS) attempts to sale wheat and rice in the wholesale market, the ultimate aim is ofcourse to bring down the prices in the retail market but OMSS intervention is in wholesale market. But Bharat Brand Atta/Rice/Dal is being sold (intervention) in the retail market under PSF scheme.

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2024-02-07 17:51:20 Question of the Day:

Consider the following statements regarding Price Stabilization Fund (PSF)

1. Govt. provides budgetary support for working capital as well as long term loan
2. The scheme targets intervention in the retail market
3. Sale of 'Bharat Atta' is being done under the PSF scheme Open / Comment

2024-02-04 08:50:35 Term of the day: Fiscal Consolidation

It is an effort by the Government to bring down fiscal deficit and debt. This is done by bringing down wasteful expenses and raising revenues.

Post Covid, Govt. started spending a lot through higher fiscal deficit and debt. But in the Interim Budget presented on 1st Feb, it is clear that Govt. is now on the path towards fiscal consolidation.

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2024-02-03 08:11:50 My Indian Economy Book (7th edition) has moved in the top in the best sellers list of amazon. Thanks for your love and support.

This 7th edition book (published by S Chand) is for the May 2024 UPSC Exam. Revise it several times and then practise the MCQ PDF which I will be releasing on 20th Feb. Best of Luck Open / Comment

2024-02-03 07:21:27 Source: The Hindu
Pradhan Mantri Suryoday Yojana.
The scheme is yet to be launched, so details are not very clear, but you can just have a look at the above article which provides broad features.

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2024-02-01 16:33:30 Budget 2024-25

Today Govt. of India presented Interim Budget 2024-25.

Govt. presented the Finance Bill 2024 but as such no change in direct and indirect taxes has been proposed. So, Finance Bill has been presented to continue the existing rates of income-tax for the financial year 2024-2025 and to provide for certain relief to taxpayers (regarding any tax dues) and to make amendments in certain enactments

Govt. also sought ‘vote on account’ approval of the Parliament through the Appropriation Bill for a part [April, May, June, July 2024] of the financial year 2024-25. So, in this budget, Demand for Grants will not be discussed and voted.

This time Economic Survey 2023-24 was not presented. Even the interim budget which was presented, Govt. basically elaborated its achievements of last 10 years. So, nothing relevant for UPSC aspirants in this budget for the May 2024 Prelims exam. If possible, just listen the Budget speech of the Finance Minister. That's all.

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2024-01-30 05:07:53 https://bit.ly/3SdghTR Open / Comment

2024-01-29 06:15:43 Source: Indian Express
Just read once.
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2024-01-26 07:40:42 ECO 500 MCQ PDF for 2024 UPSC Exam will be released by 20th Feb. Open / Comment

2024-01-25 07:58:51 Source: Indian Express
Read only the highlighted part.

Now Indian companies can list their shares on International Exchanges in the GIFT-IFSC and raise foreign capital (in foreign currency). The international exchanges allowed to list securities (equity/shares) of Indian Companies in GIFT-IFSC are:

(i) India International Exchange
(ii) NSE International Exchange

Earlier Indian companies had to go to international financial markets like London, Singapore etc. to raise cheaper foreign capital.
https://t.me/VivekSingh_Economy/3277

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