'Disinflation' means when inflation is decreasing but still positive. In the last few months inflation has come down from above 7% to around 4% i.e. our economy is experiencing 'disinflation'. In 'disinflation' prices increase in the economy but the rate of increase i.e. inflation decreases. Whereas in 'Deflation' prices decrease and inflation becomes negative.
Source: Indian Express
Government (Ministry of Cooperation) is going to expand the storage capacity for food-grains through Primary Agricultural Cooperative Societies (PACS).
There is major focus of Govt. on PACS (https://t.me/VivekSingh_Economy/3687).
Self Explanatory
Arable land is the land under temporary crops, temporary meadows for mowing or pasture, land under market and kitchen gardens and land temporarily fallow (for less than five years); and land under permanent crops is the land cultivated with crops that occupy the land for long periods and need not be replanted after each harvest. [FAO definition]
Seeing the changing UPSC pattern.... will frame MCQs on these articles and post it on channel.
Government (Ministry of Cooperation) is going to expand the storage capacity for food-grains through Primary Agricultural Cooperative Societies (PACS).
There is major focus of Govt. on PACS (https://t.me/VivekSingh_Economy/3687).
Self Explanatory
Arable land is the land under temporary crops, temporary meadows for mowing or pasture, land under market and kitchen gardens and land temporarily fallow (for less than five years); and land under permanent crops is the land cultivated with crops that occupy the land for long periods and need not be replanted after each harvest. [FAO definition]
Seeing the changing UPSC pattern.... will frame MCQs on these articles and post it on channel.
Regarding ECONOMY MAINS 2023 Notes
All those who are preparing for Mains, I think its better that you revise thoroughly from my "Indian Economy Book" 7th edition (pdf is on channel) all the chapters rather than relying on few important ones. Seeing the changing pattern of UPSC, there is nothing which we can call important, rather thorough study is the need of the hour. That is why I have decided not to release mains notes as it is very difficult to select what is important and what is not. So, revise thoroughly the complete book and you can leave the prelims related stuff which you can very well segregate. Some current topics which is in the news recently and which is not covered in the book, that I will post on the channel and tag (mains). I will also provide you some economy mains questions and broad outline of its answers.
All those who are preparing for Mains, I think its better that you revise thoroughly from my "Indian Economy Book" 7th edition (pdf is on channel) all the chapters rather than relying on few important ones. Seeing the changing pattern of UPSC, there is nothing which we can call important, rather thorough study is the need of the hour. That is why I have decided not to release mains notes as it is very difficult to select what is important and what is not. So, revise thoroughly the complete book and you can leave the prelims related stuff which you can very well segregate. Some current topics which is in the news recently and which is not covered in the book, that I will post on the channel and tag (mains). I will also provide you some economy mains questions and broad outline of its answers.
Open Market Sale Scheme (OMSS)
Food Corporation of India (FCI) sells surplus stocks of wheat and rice under OMSS at pre-determined prices (prices are already fixed in advance) through e-auction to flour mills, private traders, bulk buyers, manufacturers of wheat products in the open market from time to time to enhance the supply of food grains during the lean season and thereby moderate the open market prices specially in the deficit regions.
State Governments are also allowed to procure wheat and rice under OMSS for their own schemes. This is different/in addition to what FCI provides to State Governments for PDS under National Food Security Act 2013.
Recently, Central Govt. in a notification said that it will not sale wheat and rice under OMSS to States to control retail inflation in food grains. This move will hit Karnataka as it has promised free rice to its citizens under the Anna Bhagya Scheme during the recent elections.
Food Corporation of India (FCI) sells surplus stocks of wheat and rice under OMSS at pre-determined prices (prices are already fixed in advance) through e-auction to flour mills, private traders, bulk buyers, manufacturers of wheat products in the open market from time to time to enhance the supply of food grains during the lean season and thereby moderate the open market prices specially in the deficit regions.
State Governments are also allowed to procure wheat and rice under OMSS for their own schemes. This is different/in addition to what FCI provides to State Governments for PDS under National Food Security Act 2013.
Recently, Central Govt. in a notification said that it will not sale wheat and rice under OMSS to States to control retail inflation in food grains. This move will hit Karnataka as it has promised free rice to its citizens under the Anna Bhagya Scheme during the recent elections.
Below I am posting two articles from Indian Express. The first one tells what constitutes 'Middle Class' in India and the second article is about why our 'Middle Class' includes very less no of people/households. Read only the highlighted part. Self explanatory and really good articles.
Primary Agriculture Credit Societies (PACS)
PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Credit from the SCBs is transferred to the district central cooperative banks, or DCCBs, that operate at the district level. The DCCBs work with PACS, which deal directly with farmers. Since these are cooperative bodies, individual farmers are members of the PACS, and office-bearers are elected from within them.
The Union Budget has announced Rs 2,516 crore for computerisation of 63,000 Primary Agricultural Credit Societies (PACS) over the next five years, with the aim of bringing greater transparency and accountability in their operations and enabling them to diversify their business and undertaking more activities.
Computerization of PACS, besides serving the purpose of financial inclusion and strengthening service delivery to farmers especially Small & Marginal Farmers, will bring transparency, efficiency, enhance trustworthiness in the working of PACS among farmers. A single ERP based software will be developed at National level which will enable PACS to digitize its services and link them with DCCBs and STCBs. It will ensure speedy disposal of loans, lower transaction cost, faster audit and reduction in imbalances in payments and accounting with State Cooperative Banks and District Central Cooperative Banks.
PACS generally provide facilities to their members like:
* Input facilities in form of cash or kind component
* Agriculture implements on hiring basis
* Storage facility
PACS should enable their farmer members strive towards better returns on agricultural produce, adopt latest technology to increase agricultural production, use new technology & High-Yielding Variety (HYV) seeds store their produce in a scientific way to minimise storage losses and also provide pledge loan against this scientifically stored produce to bridge their credit gap. In order to enable PACS to provide more services to their members and generate income for themselves, an initiative has been taken to develop PACS as Multi Service Centers. This will enable PACS to provide ancillary services to their members and diversify their activities.
Maharashtra (20,788) has the maximum number of registered PACS.
PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Credit from the SCBs is transferred to the district central cooperative banks, or DCCBs, that operate at the district level. The DCCBs work with PACS, which deal directly with farmers. Since these are cooperative bodies, individual farmers are members of the PACS, and office-bearers are elected from within them.
The Union Budget has announced Rs 2,516 crore for computerisation of 63,000 Primary Agricultural Credit Societies (PACS) over the next five years, with the aim of bringing greater transparency and accountability in their operations and enabling them to diversify their business and undertaking more activities.
Computerization of PACS, besides serving the purpose of financial inclusion and strengthening service delivery to farmers especially Small & Marginal Farmers, will bring transparency, efficiency, enhance trustworthiness in the working of PACS among farmers. A single ERP based software will be developed at National level which will enable PACS to digitize its services and link them with DCCBs and STCBs. It will ensure speedy disposal of loans, lower transaction cost, faster audit and reduction in imbalances in payments and accounting with State Cooperative Banks and District Central Cooperative Banks.
PACS generally provide facilities to their members like:
* Input facilities in form of cash or kind component
* Agriculture implements on hiring basis
* Storage facility
PACS should enable their farmer members strive towards better returns on agricultural produce, adopt latest technology to increase agricultural production, use new technology & High-Yielding Variety (HYV) seeds store their produce in a scientific way to minimise storage losses and also provide pledge loan against this scientifically stored produce to bridge their credit gap. In order to enable PACS to provide more services to their members and generate income for themselves, an initiative has been taken to develop PACS as Multi Service Centers. This will enable PACS to provide ancillary services to their members and diversify their activities.
Maharashtra (20,788) has the maximum number of registered PACS.
Question of the Day
As per The Trademarks Act 1999, consider the following statements:
1. Trademarks can be assigned (ownership transfer) to someone/entity
2. Trademarks can be Licensed for some time to someone/entity
As per The Trademarks Act 1999, consider the following statements:
1. Trademarks can be assigned (ownership transfer) to someone/entity
2. Trademarks can be Licensed for some time to someone/entity
Select the correct code:
Final Results
18%
(a) 1 only
18%
(b) 2 only
57%
(c) Both 1 and 2
7%
(d) Neither 1 nor 2
The answer to the above question is (C)
Explanation:
Transfer of ownership and rights over the Trademark to any other person or entity (for some consideration) is known as Trademark Assignment. Trademarks are assignable and transmissible in respect either of all the goods or services in respect of which the trade mark is registered or of some only of those goods or services. (As per Section 37/38 of the Act)
A Trademark License is granted to legally permit a third party to make use of the Registered Trademark. For e.g. – an owner of a brand can grant a license to another person to use his trademark in the course of trade for both goods and services. The granting of the Trademark License is not a sale. Licensing only transfers the right to use the trademark while the ownership of the trademark rests with the proprietor (owner) himself. The rights granted are limited rights w.r.t. time and can range from right to use the trademark, sell the products etc. The Trademark License can be an exclusive or non – exclusive one. (As per Section 48/49 of the Act)
Explanation:
Transfer of ownership and rights over the Trademark to any other person or entity (for some consideration) is known as Trademark Assignment. Trademarks are assignable and transmissible in respect either of all the goods or services in respect of which the trade mark is registered or of some only of those goods or services. (As per Section 37/38 of the Act)
A Trademark License is granted to legally permit a third party to make use of the Registered Trademark. For e.g. – an owner of a brand can grant a license to another person to use his trademark in the course of trade for both goods and services. The granting of the Trademark License is not a sale. Licensing only transfers the right to use the trademark while the ownership of the trademark rests with the proprietor (owner) himself. The rights granted are limited rights w.r.t. time and can range from right to use the trademark, sell the products etc. The Trademark License can be an exclusive or non – exclusive one. (As per Section 48/49 of the Act)
The term 'ANTARDRISHTI (अंतर्दृष्टि)' was recently in the news, is related to which of the following:
Final Results
35%
(a) Internal Security
46%
(b) Financial Inclusion
9%
(c) Health sector
11%
(d) Capital Markets
ANTARDRISHTI is a Financial Inclusion Dashboard of RBI launched recently. The dashboard provides the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters. This facility will also enable to gauge the extent of financial exclusion at granular levels across the country so that such areas can be addressed.