UDAY Scheme- Ujwal DISCOM Assurance Yojna in India UPSC

What is the Uday scheme?   The state governments’ efforts to achieve 100% village electrification would not yield fruit unless the electricity distribution corporations (DISCOMs) of the state governments improve their performance. Power outages also affect national goals such as ‘Make in India’ and ‘Digital India.’ Furthermore, financial stressed DISCOMs defaulting on bank loans has … Read more

Types of Planning: Imperative and Indicative Planning

What is meant by economic planning? After the Soviet Union pioneered national planning, several more countries followed suit, though with varying techniques and practices. Though there are many different types of planning, the most significant one is based on the sort of business (i.e., state economy, mixed economy). Planning has been categorised into two sorts … Read more

Fiscal Policy in India UPSC

What is Fiscal Policy? Prior to the Great Depression of the 1930s, government operations were small, and so the influence of fiscal policy was extremely limited. During the Great Depression of the 1930s, it was Keynes who popularized this powerful tool of macroeconomic policy. Prior to the introduction of Keynes in economic literature, classicists felt … Read more

Economic Reforms in India

Economic Reforms in India In response to a fiscal and balance-of-payments (BoP) crisis, India embarked on an economic reform process on July 23, 1991. The reforms were momentous in that they would alter the economy’s face and nature in the future. Since the UPA government took office in May 2004, reforms and related programs have … Read more

Economic Planning in India

Economic Planning in India Economic planning is the process of organizing economic operations by developing precise policies and programs in order to achieve a predetermined goal. The former Soviet Union was the first to investigate and use economic planning, with their first five-year plan beginning in 1928. However, it was not until the 1920s and … Read more