Racap DP Feb 2025

 

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Recap Daily Points  – February 2025

 

1966. Capital Subsidy

A capital subsidy is a financial benefit given by the government to help institutions or individuals purchase capital assets, such as equipment or machinery. Capital subsidies can be used to purchase new equipment, expand existing businesses, or create new businesses.

 

1967. Black Revolution

The Black Revolution is a term used to describe India's increase in petroleum production and consumption. It began in 1975 when the Indian government started looking for ways to increase petroleum production.

 

1968. Direct Subsidy

Direct Subsidy is where the government provides payment to a party by which no goods or services are exchanged. So payment is made, but the government receives nothing in return.

 

1969. Blue Revolution

The Blue Revolution is a program in India that aims to increase fish production through sustainable use of water resources. The program includes activities like aquaculture (fish farming), fisheries development, and environmental conservation. 

 

1970. Indirect subsidy

 Indirect subsidies are those that offer a third party a benefit without a specific monetary value. For example, we can consider government-backed loans as a type of subsidy. It is not a cash transfer but does provide specific firms with a benefit.

 

1971. Brown Revolution

The Brown Revolution is related to the production of leather, coffee, and cocoa, as well as improving soil quality and organic farming. It is also associated with the development of the leather industry.

 

1972. Upfront Subsidy

If the subsidy provided by the Government is  credited upfront to the loan accounts of beneficiaries through Primary Lending Institutions, such subsidy is called Upfront Subsidy.

 

1973. Evergreen Revolution

The Evergreen Revolution is a concept in agriculture that aims to increase productivity without harming the environment or society. It's related to food security, nutrition, and health.

 

1974. Backend Subsidy

Backend Subsidy implies that the beneficiary has to avail term loan from the Nationalized Banks / Financial Institution (FI) . In cases where the payment of  subsidy will be made after the project has been successfully completed according to the terms and conditions, such subsidy is known as Backend Subsidy. 

 

1975. Green Revolution

The Green Revolution is a period in the 1960s when new farming techniques and technologies were introduced to increase agricultural production. It's associated with the development of high-yielding varieties (HYVs) of wheat and rice, and the use of chemical fertilizers and pesticides.

 

1976. Non-actionable Subsidy

 Non-actionable Subsidies or "Green Subsidies are those which are permitted as they are of a general nature, i.e., applied across-the-board to all industries and not limited to a specific industry or enterprise or group of enterprises or industries. Non-actionable subsidies are those which are  not specific.

 

1977. Golden Revolution 

The Golden Revolution in India is related to the production of fruits, vegetables, flowers, honey, and spices. It took place from 1991 to 2003. The Golden revolution is related to the production of honey and horticulture. It is a part of the important agricultural revolutions of India. Nirpakh Tutej is considered to be the Father of The Golden Revolution in India.

 

1978. Actionable Subsidy

Actionable Subsidies are those  specific subsidies that cause adverse effects. Actionable subsidies are not prohibited.

 

1979. Golden Fibre Revolution

The Golden Fibre Revolution is related to the production of jute in India. Jute is a vegetable fibre that is known as the golden fibre because of its colour and high value.

 

1980. Recurring Subsidy

 Recurring Subsidies are not linked to the capital assets or capital structure of the recipient firm. Interest Subsidy is example for Recurring Subsidy. Other best example is Subsidy on Gas.  Banks get interest subsidy relating to particular borrower frequently at regular intervals till the closure of the loan account.

 

1981. Grey Revolution

 The grey revolution is related to the fertilizer industry in India. It was a movement to increase fertilizer production in response to the negative effects of the green revolution.

 

1982. Non-recurring Subsidy

A non-recurring subsidy is a one-time subsidy that is given to a business to help it develop long-term solutions or to avoid social problems. Non-recurring Subsidies benefit the subsidy recipient throughout the allocation period.  Capital subsidy is example for Non-recurring Subsidy.

 

1983. White Revolution or Operation Flood

The White Revolution, also known as Operation Flood, is a dairy development program in India that increased milk production.

 

1984. Negative Subsidy

Negative Subsidy was proposed by Sharad Joshi through Shetkari Sanghatana Peasants' Organisation in Maharashtra. According to him, Indian farmers actually got negative subsidies. The price they got from the restricted domestic market was far lower than the global price, which itself is distorted by lavish farm subsidies given by the governments of rich countries. The gap between domestic and global prices was not covered by the subsidies handed out to Indian farmers.

1985. Pink Revolution

The Pink Revolution is a term used to describe the technological advancements in India's meat and poultry processing industry. It's a game-changer for the country's food processing industry.

 

1986. Narrow subsidy

Narrow subsidies are those monetary transfers that are easily identifiable and have a clear intent. They are commonly characterised by a monetary transfer between governments and institutions or businesses and individuals. A classic example is a government payment to a farmer.

 

1987. Protein Revolution

A "protein revolution" is primarily related to a government initiative aimed at significantly increasing the production and availability of protein-rich foods like pulses, dairy, meat, and plant-based alternatives, with the goal of improving nutrition and reducing malnutrition within a population, often through advanced agricultural practices and technology-driven methods; it is considered a key part of a "second green revolution" in some contexts.

 

1988. Broad subsidy

Broad subsidies include both monetary and non-monetary subsidies and is often difficult to identify. A broad subsidy is less attributable and less transparent. Environmental externalities are the most common type of broad subsidy.

 

1989. Red Revolution

The Red Revolution was an agricultural reform in India that increased the production of meat and tomatoes. It was led by Vishal Tewari, who is known as the father of the Red Revolution.

 

1990. Silver Revolution

The Silver Revolution is a period in India's history when the production of eggs and poultry increased significantly. The revolution was driven by government policies, private companies, and scientific advancements.

 

1991. Silver Fibre Revolution

The Silver Fibre Revolution is related to cotton production. The revolution aims to increase cotton yield and manufacturing, and to improve the quality of cotton seeds.

 

1992. Retrocession

Retrocession refers to kickbacks, trailer fees or finders fees that asset managers pay to advisers or distributors. These payments are often done discreetly and are not disclosed to clients, although they use client funds to pay the fees.

 

1993. Round Revolution

The Round Revolution is an agricultural revolution in India that aims to increase the production of potatoes.

Sekhar Pariti

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