Functions of APMC are:
(i) To promote public private partnership in the ambit of agricultural markets.
(ii) To provide market led extension services to farmer.
(iii) To bring transparency in pricing system and transactions taking place in market in a transparent manner.
(iv) To ensure payments to the farmers for the sale of agricultural produce on the same day.
(v) To promote agricultural activities.
(vi) To display data on arrivals and rates of agricultural produce from time to time into the market.

Crop Insurance:
(i) Agriculture in India is highly prone to risks like droughts and floods. It is necessary to protect the farmers from natural calamities and ensure their credit eligibility for the next season.
(ii) For this purpose, the Government of India introduced many agricultural schemes throughout the country;
(iii) The Pradhan Mantri Fasal Bima Yojana (Prime Minister's Crop Insurance Scheme) was launched on 18 February 2016.
(iv) It envisages a uniform premium of only 2 percent to be paid byfarmers for Kharif crops and 1.5 percent for Rabi crops.
(v) The premium for (annual) commercial and horticultural crops will be 5 percent.

Arguments against LPG:
(a) Liberalization measures, when effectively enforced, favour an unrestricted entry of foreign companies in the domestic economy. Suchan entry prevents the growth of the local manufacturers
(b) Privatization measures favour the continuance of the monopoly power. Only the powerful people can sustain in business markets. Social justice cannot be easily established and maintained. As a result, the disparities tend to widen among people and among regions.
(c) (i) As globalization measures tend to integrate all economies of the world and bringing them all under one umbrella; they pave the way for redistribution of economic power at the world level.
(ii) Only the already well developed countries are favoured in this process and the welfare of the less developed countries will be neglected.
(iii) The economic crisis of the developed countries are easily spread to the developing economies through trade.

(i) Goods and Services Tax is defined as the tax levied when a consumer buys a good or service.
(ii) It is proposed to be a comprehensive indirect tax levied on manufacture, sale and consumption of goods and services.
(iii) It replaces all indirect taxes on goods and services by the government.
(iv) It is a one-point tax.
(v) The GST Act was passed on 29th March 2017 and came into effect on 1st July 2017.
(vi) The motto is one nation, one market, one tax.
Advantages:
(i) Removing Cascading tax effect.
(ii) Single point tax.
(iii) Higher threshold for registration.
(iv) Composition scheme for small business.
(v) Online simpler procedure under GST.
(vi) Defined treatment for e-commerce
(vii) Increased efficiency in logistics.
(viii) Regulating the unorganized sector

Free imports and exports:
(i) Before 1991, imports were regulated.
(ii) From 1992, imports were regulated by a limited negative list.
(iii) Trade Policy of 1st April 1992 freed imports of almost all intermediate and capital goods.
(iv) Only 71 items remained restricted.
(v) This would affect domestic industries.
Rationalization of tariff structure and removal of quantitative restriction:
(i) The Chelliah Committee's Report had suggested 50 % reduction in import duties.
(ii) The 1991-92 budget had reduced the peak rate of import duty from more than 300% to 150%. The process of lowering the customs tariffs was carried further in successive budgets.
(iii) This also affected the domestic industries.