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NotesGovernment Intervention in Indian AgricultureIssues Related to Government Intervention in India's AgricultureBackgroundGovernment intervention in food grain marketing in India began in 1960’s. The objective of the intervention is to revamp and incentivise the agriculture sector by using HYV seeds and technological
Publish Date 08, Jan 2021
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Types of Farm Subsidies in Indian Agriculture: Irrigation and Power Subsidies; Fertilizer Subsidy; Seed Subsidy; Credit SubsidySubsidies in Indian AgricultureMajor subsidies on Agricultural InputsPower and Irrigation Subsidies:Subsidies on power and irrigation are provided by the state governments.Power subsidy is granted on power that is used to draw on groundwater. Accordingly, it is a subsid
Publish Date 08, Jan 2021
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Types of Cropping Systems: Mono cropping; Crop Rotation; Sequential Cropping; Inter Cropping; Relay CroppingCropping Systems/ Combinations Monocropping: Example Planting Wheat year after year in the same field. Monocropping is when the field is used to grow only one crop season after season.Disadvantages: it is difficult to maintain cover on the soil; it encourages pests, dise
Publish Date 07, Jan 2021
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The situation of Indian AgricultureIndian Agriculture: A Brief OutlookAgriculture accounted for 14% of India’s GDP in 2016-17 and provided employment to more than half a billion people. The share of Agriculture in employment is close to 54% as on 2016-17.Indian Agriculture is dominated by the small-scale fa
Publish Date 05, Jan 2021
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Indian Agriculture(a) Historical background and current statusLand Tenure System in Pre-Independent India: Zamindari System; Mahalwari System; Ryotwari SystemLand Tenure System in Pre-Independent IndiaAt the time of independence, there were three major types of land tenure systems prevailing in t
Publish Date 04, Jan 2021
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Non-Banking Financial Companies in IndiaNon-Banking Financial CompaniesA Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other mark
Publish Date 03, Jan 2021
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P. J. Nayak CommitteeKey ObservationsSpecific Recommendations made by the committee.Problem of Non Performing Assets in IndiaNon-Performing AssetsAn NPA is a loan or advance for which the principle or interest payment remained overdue for a period of 90 days.Banks are further required to cla
Publish Date 02, Jan 2021
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Development Finance Institutions: IFCI, ICICI, SIDBI, IDBI, UTI, LIC, GICDevelopment Finance InstitutionsThe Need of DFIsClassification of DFIsAll India DFIsSpecial DFIsInvestment InstitutionsRefinance InstitutionsState Level DFIsIFCI IDBI SIDBI ICICI ICICI ceased to be a DFI and converted into a Bank on 30 March
Publish Date 02, Jan 2021
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Most Important Indian Contract Act , 1872 Cases :Contract CasesCarlill v. Carbolic Smoke Ball Co. – General Offer.Mohori Bibi v. Dharmodas Ghosh – Contract by Minor.Hadley v. Baxendale – Compensation/ Damages for Breach of Contract.Satyabrata Ghosh v. Mungneeram – Doctrine of Frustration.Lalm
Publish Date 01, Jan 2021
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Types of EmergencyPart- XVIII of Indian Constitution deals with the Emergency provisions i.e. Articles 352 to 360. There are three types of Emergencies mentioned in the Constitution. The power of imposing all three types of Emergencies is vested upon the President of India. The concept of Emergency was
Publish Date 01, Jan 2021
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