India is 3rd largest producer of fertilizer after China & the US and India is 2nd largest consumer of fertilizer after china. Production of all fertilizers (NPK) increased from 1059 thousand tonnes in 1970-71 to 16092 thousand tonnes in 2013-14 …
Employers who do not give social security to their employees are considered part of the informal sector. It is defined as a group of economic entities that are mostly owned and run by individuals and employ one or more people …
Monetary Policy statement signalled a shift in focus from reviving growth to mitigating risks posed by inflation. Although it has kept the policy rates unchanged for now, it indicated a possible hike in repo rates going forward. Reasons for inflation …
Green manures are crops grown specifically for building and maintaining soil fertility and structure, though they may also have other functions. They are normally incorporated back into the soil, either directly, or after removal and composting. Why use green manures? …
Around 200 million Indians work in dairy and animal farming, but low production is due to a shortage of high-quality fodder and feed. According to the Indian Grassland and Fodder Research Institute, India lacks 23.4 kg of dry fodder, 11.24 …
India was a food-deficit country on the eve of Independence. It had to import foodgrains to feed its people. The situation became more acute during the 1960s. The imported food had to be sent to households within the shortest possible …
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except …
Cooperatives have been contributing substantially to our economy — accounting for about 30 per cent of sugar, 20 per cent of milk, 30 per cent of fertilisers and 15 per cent of agricultural credit. While there are sterling examples of …
The term central bank digital currency (CBDC) refers to the virtual form of a fiat currency. A CBDC is an electronic record or digital token of a country’s official currency. As such, it is issued and regulated by the nation’s …