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Horizon of Indian Economy

General Knowledge for Competitive Exams

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Causes and Effects of Degrading Natural Resources

Nov 6, 2015
Environmental degradation is the disintegration of the earth, deterioration of the environment through disproportionate consumption of natural assets, and continuous destruction of environment and eradication of wildlife.    

Co-operative Credit in India: Meaning, Structure and Evaluation of Performance

Nov 6, 2015
A credit union is a member-owned financial cooperative, democratically controlled by its members. The Co-operative Credit Institutions in India can be classified as under a three-tier structure- Primary Credit Societies at the bottom; Central Co-operative Bank at the middle; and State Co-operative Bank at the top.

What is Agricultural Bio-diversity?

Nov 6, 2015
Biodiversity for food and agriculture includes the components of biological diversity which are essential for feeding human populations and improving the quality of life. It contains the variety and variability of ecosystems, animals, plants and micro-organisms, which are necessary to sustain human life as well as the key functions of ecosystems.

Government Steps for Agricultural Marketing

Oct 30, 2015
Agriculture Marketing can be termed as to organise, promote and develop marketing strategies, processing and storage of agricultural, horticultural and forest produce etc.  

Composition & Contribution of Service Sector in India

Oct 30, 2015
The service sector consists of the soft parts of the economy such as insurance, government, tourism, banking, retail, education, and social services. Currently service sector is contributing near about 60 % of Indian GDP. Service sector is also known as tertiary sector.

Cooperative Marketing in India: Advantages and Progess

Oct 20, 2015
Cooperative marketing gives an idea of collective efforts to achieve specific objectives to carry out marketing strategy for agricultural products. The cooperative marketing arises due to the prevalence of many defects in the private and open marketing system. This concept was first introduced in the European countries.  

Agriculture Inputs and Green Revolution

Oct 20, 2015
Green Revolution in India resulted in increased productivity of different crops. The main instruments behind this increment were the use of high yielding variety seeds, chemical fertilizers and new technology which led to a sharp rise in agricultural productivity during the middle 1960s. The credit for this improvement goes to Nobel laureates Dr. Norman Borlaug and Dr. M.S. Swaminathan. This revolution increased the production of Wheat 2.5 times; Rice 3 times, Maize 3.5 times, Jowar 5 times and Bajra 5.5 times.

Different Types of Agricultural Subsidies Given to Farmers in India

Oct 20, 2015
Government gives different types of subsidies to farmers like, fertilizer, irrigation, equipment, credit subsidy, seed subsidy, export subsidy etc. Current subsidy bill of the government stands at 2.57 lac cr. in 2015-16 which was 2.58 lac cr. in 2014-15.

Agricultural Price Policy in India: Objectives, Advantages and Disadvantages

Oct 20, 2015
The government has formulated a price policy for agricultural produce that aims at securing remunerative prices to farmers to encourage them to invest more in agricultural production. The government announces minimum support prices for major agricultural products every year on the recommendations of the Commission for Agricultural Costs and Prices (CACP).  

Agricultural Finance: An Overview

Oct 20, 2015
Rising flow of credit to agriculture is normally associated with buoyancy in the farming sector.  In a bonanza for farmers, the government on March 2015 raised agriculture credit target from Rs 50,000 crore to Rs 8.5 lakh crore for 2015-16 fiscal and also announced financial support to enhance irrigation and soil health to achieve higher agriculture productivity.

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