P
Paramitas

Definition: The perfections or virtues such as generosity, morality, patience, and wisdom cultivated by Bodhisattvas...

Parivrajaka

Definition: A term referring to a renunciant and wanderer in ancient India. Parivrajakas renounced household...

Pashupati Seal

A famous steatite seal found at Mohenjodaro depicting a figure seated in a yogic posture. Prelims...

Passive Euthanasia

The ethical act of withdrawing or withholding life-support treatment when a terminally ill patient has...

Payment Banks

Definition: A differentiated banking model aimed at financial inclusion with limited banking functions.Key Points for...

Per Capita Income

Definition: Average income per person, calculated as National Income divided by population.Key Pointers:• Indicator of...

Plan Holiday

Definition: A break from Five-Year Plans between 1966 and 1969 when annual plans were implemented.Key...

Plug and Play Industrial Infrastructure

Definition: An industrial model where land, approvals, and infrastructure are pre-arranged to enable immediate business...

PM Dhan-Dhaanya Krishi Yojana

A comprehensive agricultural mission launched to modernize farming and increase productivity in 100 underperforming Aspirational...

PM Gati Shakti

Definition: A national master plan for multi-modal connectivity integrating infrastructure ministries on a digital platform.Key...

PMGSY

Definition: Pradhan Mantri Gram Sadak Yojana for rural road connectivity.Key Prelims Traps:Fully funded by central...

Polymetallic Sulphides

Hydrothermal mineral deposits found on the ocean floor (mid-ocean ridges and hydrothermal vents) rich in...

Pongal

A four-day-long harvest festival celebrated predominantly in Tamil Nadu, dedicated to the Sun God (Surya)...

Potential GDP

Potential GDP refers to the maximum level of output an economy can produce sustainably when...

Pre Packaged Insolvency Resolution Process

Definition: A faster insolvency resolution mechanism for MSMEs allowing promoters to retain control.Important Prelims Pointers:120-day...

Precision Farming

Definition: Precision Farming uses technology such as GPS, sensors, and data analytics to optimize agricultural...

Primary Deficit

Definition: The fiscal deficit minus interest payments, showing current year’s fiscal stance.Key Points for Prelims:•...

Producer Price Index

Definition: PPI measures the average change in prices received by producers for their output, excluding...

Production Linked Incentive

Definition: A government scheme aimed at boosting domestic manufacturing and reducing import dependence by providing...

Production Possibility Frontier

Definition: The Production Possibility Frontier (PPF) shows the maximum combinations of two goods that can...

Prompt Corrective Action

Definition: An RBI supervisory framework to monitor and restrict banks showing signs of financial stress. Key...

Purchasing Power Parity (PPP)

Definition: A method of comparing countries’ economic output by adjusting exchange rates to reflect differences...