Economics Flashcards
Worldwide cost of living index
by Economist Intelligence Unit. Tel Aviv is costliest city, whereas Damascus is cheapest city to live. In India, Ahmedabad is cheapest city to live in.
Wage Rate Index
new index released by Labour Ministry. Base year 2016. old series base 1963-65. in the new series, oil mining industry has been introduced in place of mica mines. it would be compiled twice a year(half yearly basis).
AQEES (All-india quarterly establishment based Employment Survey)
Ministry of labour end Employment.
It has 2 parts: QES (Quarterly Employment Survey) and AFES (Area Frame establishment Survey).
QES provides employment estimates for 10 or more workers. AFES provides employment for establishments recruiting 9 or less workers.
Global arms trade report
by SIPRI
samudrayaan mission
It is India’s first unique manned ocean mission that aims to send men into the deep sea in a submersible vehicle for deep-ocean exploration and mining of rare minerals.
• It will send three persons in a manned submersible vehicle MATSYA 6000 to a depth of 6000 metres into the sea for deep underwater studies.
• It is a part of the Rs 6000-crores Deep Ocean Mission
With this, India will join the elite club of nations such as the USA, Russia, Japan, France and China to have such underwater vehicles for carrying out subsea activities.
Start-up Village Entrepreneurship Programme(SVEP)
SVEP is a sub-scheme under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission(DAY-NRLM).
• The program supports the Self-Help Group (SHG) members and their family members to set up small enterprises in the non-farm sector.
• The program supports them by developing an ecosystem for enterprise development in rural areas, consisting of Community Enterprise Fund (CEF) for enterprise funding and Cadre of Community Resource Persons-Enterprise Promotion(CRP-EP) for providing Business Support Services
Community Resource Persons-Enterprise Promotion(CRP-EP)
CRP-EP provides Business Support Services in rural areas. The services provided by them include preparation of business plans, training, and accessing loans from Banks.
o They are selected from the community where the program is being implemented, as they understand the local context and their familiarity with the NRLM ecosystem.
o Moreover, they are also trained before they start working with the entrepreneurs
Marquee Institutional Investors
A marquee investor is an investor well known for investing in companies that turn into success stories at a later date.
• This person could be either an individual or a corporate/ institutional investor.
• The purchase of some company’s shares by such investors gives others the hope that these companies would turn out to be profitable investments for them too
Logistics Ease Across Different States (LEADS) report
Ministry of Commerce and Industry releases it.
Retail Direct Scheme
allows retail investors to invest in government securities (G-Sec) by opening a gilt security account with the RBI.
• The account opened will be called Retail Direct Gilt(RDG) Account.
• From this RDG account, retail investors can buy bonds sold by the central government, state development loans, or bonds issued by state governments, and sovereign gold bonds, whose price is linked to gold.
Reserve Bank-Integrated Ombudsman Scheme
It is aimed at further improving the grievance redress mechanism for resolving customer complaints against entities regulated by the central bank.
It covers banks, non-bank lenders and other entities that the RBI regulates.
USOF-universal service obligation fund
Established in 2002, with the main aim to provide universal telecom services and ensure that even the unconnected areas in the country reap the benefits of inclusive development.
• The Indian Telegraph (Amendment) Act, 2003 gave statutory status to the Universal Service Obligation Fund (USOF).
• Headed by ➔ the USOF Administrator who reports to the Secretary, Department of Telecommunications (DoT).
• Funding ➔ The funds for the USOF comes from Universal Service Levy (USL). The USL is charged from all the telecom operators on their Adjusted Gross Revenue (AGR). These are then deposited into the Consolidated Fund of India, and prior parliamentary approval is required for dispatching.
Digital India Land Record Modernisation Programme (DILRMP)
Type➔ Central Sector Scheme.
• Launched in ➔ 2008.
• The programme was previously known as the National Land Record Modernization Programme (NLRMP).
• Aim ➔ To digitize and modernize land records and develop a centralised land record management system.
• The DILRMP is the amalgamation of two projects ➔ namely Computerisation of Land Records (CLR) and Strengthening of Revenue Administration and updating of Land Records (SRA&ULR) were merged under DILRMP.
• Components ➔ The major components are computerisation of land records, survey/resurvey and computerisation of Registration.
National Generic Document Registration System(NGDRS)
NGDRS is a cloud-based application.
• Developed by ➔ National Informatics Centre (NIC).
• Purpose ➔ For registering land documents and properties digitally.
Unique Land Parcel Identification Number (ULPIN)
- The ULPIN System is a unique system wherein a 14 digit unique ID based on Geo-coordinates of the parcels is generated and assigned to the plots.
- This has been introduced to share the computerized digital land record data among different States/Sectors and a uniform system of assigning a unique ID to the land parcel across the country.
- So far, ULPIN has already been implemented in 13 States and pilot tested in another 6 States.
