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MEANING🡪Long-term contract between a government agency and a private-sector company –used to finance, build, and operate projects –public transportation networks, parks, and convention centres.  Private party🡪 bears significant risk and management responsibility, and remuneration is linked to performance. Public Sector🡪 monitors the performance of the private sector and enforce the…

What is MSME? The government under Atmanirbhar Bharat Abhiyan (Self-reliant India Campaign) changed the basic definition of MSMEs and eliminated the distinction between manufacturing and service sector MSMEs. Now the definition of MSMEs is- Existing MSME Classification Criteria: Investment Plant and Machinery or Equipment Classification Micro Small Medium Mfg. Enterprises…

Looking for the best UPSC Mains GS 3 Strategy for UPSC Mains? Well, you landed in the right place then. Please remember the following important mantra given by the UPSC: “The questions are likely to test the candidate’s basic understanding of all relevant issues, and ability to analyze, and take a view…