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Economy
Explain NITI Aayog’s approach toward clean energy and sustainable technology.
NITI Aayog promotes clean energy and sustainable technology to address climate change and achieve energy security. It formulates policies encouraging renewable energy adoption, such as solar,....
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Economy
How does NITI Aayog contribute to technological solutions in healthcare?
NITI Aayog promotes the integration of technology in healthcare to improve accessibility, affordability, and quality of services. It encourages the use of Artificial Intelligence, data analytics,....
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Economy
What initiatives has NITI Aayog taken in the field of Artificial Intelligence (AI)?
NITI Aayog has been instrumental in formulating India’s national strategy on Artificial Intelligence (AI), aiming to leverage AI for inclusive growth. The Aayog focuses on five....
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Economy
How does NITI Aayog support innovation through the Atal Innovation Mission (AIM)?
The Atal Innovation Mission (AIM), launched by NITI Aayog, is India’s flagship initiative to encourage innovation and entrepreneurship across sectors. AIM establishes Atal Tinkering Labs in....
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Economy
What is the role of NITI Aayog in promoting Science and Technology in India?
NITI Aayog plays a crucial role in promoting Science and Technology in India by acting as a policy think tank for the central and state governments.....
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Economy
How do GDP and NDP help in economic planning and policy making?
GDP and NDP play a crucial role in economic planning and policy making by providing insights into production levels, income generation, and economic efficiency. GDP helps....
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Economy
Why is depreciation deducted from GDP to calculate NDP?
Depreciation is deducted from GDP to calculate NDP because capital goods lose value over time due to regular use, aging, and technological obsolescence. GDP includes total....
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Economy
What role does fiscal policy play in promoting green and sustainable technologies?
Fiscal policy is crucial in promoting green and sustainable technologies, as governments can use taxation and spending to influence environmental innovation. By providing subsidies or tax....
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Economy
What is NDP and how does it differ from GDP?
Net Domestic Product, or NDP, is derived by subtracting depreciation from Gross Domestic Product. Depreciation refers to the wear and tear or loss of value of....
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Economy
Can fiscal policy affect innovation in the private technology sector? How?
Yes, fiscal policy can strongly influence private sector innovation. By adjusting corporate taxes, offering R&D tax credits, or providing grants for technology adoption, governments can encourage businesses to....
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Economy
How is GDP calculated in an economy?
GDP is calculated using three main approaches, each focusing on a different aspect of economic activity. The production approach measures the value added at each stage....
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Economy
How does government spending under fiscal policy impact technological infrastructure?
Government spending is a direct aspect of fiscal policy that can shape technological infrastructure. Investment in digital infrastructure, such as broadband networks, data centers, and smart grids, enhances....
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Economy
What is GDP and why is it important for an economy?
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Economy
How do tax incentives under fiscal policy promote research and development in science and technology?
Tax incentives are a key tool in fiscal policy to encourage companies and individuals to invest in research and development (R&D). By reducing the tax burden,....
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Economy
What is fiscal policy and how does it influence technological development?
Fiscal policy refers to the use of government spending and taxation to influence a country’s economy. It can significantly affect technological development by directing resources toward....
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Economy
What is the difference between expansionary and contractionary monetary policy?
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Economy
How does monetary policy affect inflation?
Monetary policy influences inflation mainly by controlling the availability and cost of money in the economy. When money supply grows too quickly, demand may exceed supply,....
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Economy
What tools are commonly used in monetary policy?
Monetary authorities use several tools to influence money supply and credit conditions. Interest rate adjustments are one of the most common tools, affecting borrowing and spending....
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Economy
What are the main objectives of monetary policy?
The primary objectives of monetary policy usually include price stability, balanced economic growth, and financial system stability. Price stability helps prevent both high inflation, which erodes....
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Science & Technology
How is India contributing to spacetech innovations?
India has made significant strides in spacetech through the Indian Space Research Organisation (ISRO). Key achievements include the Chandrayaan lunar missions, Mars Orbiter Mission (Mangalyaan), and....
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