Gross Domestic Product (GDP) vs Gross Value Added (GVA)
• Gross Domestic Product (GDP) is the monetary value all final economic goods and services produced in a country during a specific period of time. Domestic territory means political frontiers of the country including its territorial waters, commercial vessels operated by country’s residents etc. & also includes country’s embassies consulates located abroad.
• GVA is measure of value added in goods and services produced in economy i.e. GVA = economic output – input.
• GVA is sector specific while GDP is calculated by summation of GVA of all sectors of economy with taxes added and subsidies are deducted.
• Central Statistics Office (CSO) in the Ministry of Statistics and Programme Implementation (MoSPI) is responsible for the compilation of National Account Statistics including GDP.
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• Gross Domestic Product (GDP) is the monetary value all final economic goods and services produced in a country during a specific period of time. Domestic territory means political frontiers of the country including its territorial waters, commercial vessels operated by country’s residents etc. & also includes country’s embassies consulates located abroad.
• GVA is measure of value added in goods and services produced in economy i.e. GVA = economic output – input.
• GVA is sector specific while GDP is calculated by summation of GVA of all sectors of economy with taxes added and subsidies are deducted.
• Central Statistics Office (CSO) in the Ministry of Statistics and Programme Implementation (MoSPI) is responsible for the compilation of National Account Statistics including GDP.
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#upsc
#Last300_Seats
Real Estate Investment Trusts (REITs)
- REITs are securities linked to real estate that can be traded on stock exchanges once they get listed
- Under it, REITs sell units to investors. This money is invested in real estate projects to earn rental income.
- The income is then distributed to unit holders. Besides regular income from rents and leases, gains from capital appreciation of real estate also form an income for the unit holders.
Infrastructure Investment trusts (InvITs)
-InvITs are investment schemes similar to mutual funds. They allow investment from individuals and institutional investors in infrastructure projects to earn a portion of the income as return.
- They can be considered as a modified version of REITs designed to suit the specific circumstances of the infrastructure sector.
- They attract long term finance to invest in infrastructure projects such as roads or highways which take some time to generate steady cash flows.
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- REITs are securities linked to real estate that can be traded on stock exchanges once they get listed
- Under it, REITs sell units to investors. This money is invested in real estate projects to earn rental income.
- The income is then distributed to unit holders. Besides regular income from rents and leases, gains from capital appreciation of real estate also form an income for the unit holders.
Infrastructure Investment trusts (InvITs)
-InvITs are investment schemes similar to mutual funds. They allow investment from individuals and institutional investors in infrastructure projects to earn a portion of the income as return.
- They can be considered as a modified version of REITs designed to suit the specific circumstances of the infrastructure sector.
- They attract long term finance to invest in infrastructure projects such as roads or highways which take some time to generate steady cash flows.
#target_shots
#IYB
#LAST300
Aroma mission
- Council of Scientific and Industrial Research (CSIR) had launched the Aroma mission to boost cultivation of aromatic crops and medicinal plants.
-Aromatic plants are a special kind of plants used for their aroma and flavour. Many of them are also used for medicinal purposes such as rosemary, lavender, lemongrass among others.
-The mission aims to develop superior aroma crop varieties and their agro-technologies. The mission also facilitates the assessment of their suitability for large scale cultivation in specific agro climatic regions
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#Last300_Seats
- Council of Scientific and Industrial Research (CSIR) had launched the Aroma mission to boost cultivation of aromatic crops and medicinal plants.
-Aromatic plants are a special kind of plants used for their aroma and flavour. Many of them are also used for medicinal purposes such as rosemary, lavender, lemongrass among others.
-The mission aims to develop superior aroma crop varieties and their agro-technologies. The mission also facilitates the assessment of their suitability for large scale cultivation in specific agro climatic regions
#target_shots
#Last300_Seats