Growth And Distributive Justice

? During the first three decades after Independence, the Indian economy stagnated around a trend rate of growth of 3.5 per cent, popularly known as the Hindu rate of growth. The scenario changed during the 1980s. The acceleration of growth during the 1980s to 5.6 per cent put the economy on to a higher growth … Read more

Make In India Start Up And Stand Up Programmes

? Make-in India – Start- up and Stand-up programmes Make-in India Make in India is the government's flagship campaign intended to boost the domestic manufacturing industry and attract foreign investors to invest into the Indian economy. The Indian Prime Minister, Mr. Narendra Modi first mentioned the keyphrase in his maiden Independence Day address from the … Read more

Indian National Account

? India’s National Accounts It is emphasised that in view of the essentially de-centralized character of the Indian Statistical System, the continental size of the country with large diversities and federal character of polity, the Indian System of National Accounts to include regional accounts at the State level and below. The term National Accounts Statistics … Read more

LABOUR LAW REFORMS

?     Definition: Industrial legalizations are the laws enacted by the Government to provide economic and social justice to the workers in industries. Generally these laws provide guidelines to the employers/industrialists in dealing with the matters of wages, wage incentives, facilitates for workers and the working conditions of labour. Necessity: Improves industrial relation i.e. … Read more

Inputs Of Agriculture

? Seed Seed is technically defined as ripened ovule containing embryo. Another definition says that the seed is a living embryo which is vital and basic input for attaining sustained growth in agricultural production in different agro-climatic conditions. The embryo in the seed remains almost suspended for sometimes and then revives to new development.  Seed … Read more

Concept Of Social Legislation

?   OBJECTIVES OF SOCIAL LEGISLATION : Social legislation derives its inspiration from our constitution and has the following specific objectives: i)Removal of discrimination on the grounds of sex, religion, caste, class etc. and promotion of equality to all. ii)Safeguard the rights of the weaker section such as women, children, elderly, widows, destitute and the … Read more

SEZs And Industrial Corridors Of India

? SEZ The SEZ Corridor is an emerging corridor implementing a number of Special Economic Zones (SEZs) along the Grand Southern Trunk Road (NH 45) in Chennai. Started with the establishment of the Madras Export Processing Zone in 1984 (converted to a SEZ in 2003), the SEZ corridor currently has 5 operational SEZs and over … Read more

Changes In Cropping Pattern

?   Changes  in  cropping  pattern Cropping pattern means the proportion of area under various  crops  at  a  point of  time or  yearly sequence  and  spatial  arrangement  of crops  and Changes  in  cropping  pattern Cropping pattern means the proportion of area under various  crops  at  a  point of  time or  yearly sequence  and  spatial  arrangement … Read more

Environmental Policy Of India

? Environmental Policies are the sum total of the values to which a person or a group of persons or institutions social, legal and governmental – consider as important in their relationships with one another. Environmental policies have to be formulated in the credible of social morals and values. Let us know more about the … Read more

Financial Markets

? –Instabilities – Stock Exchanges and SEBI Instabilities in The traditional conception of instability in financial markets stems from the view that financial institutions act as agents which intermediate between savers willing to lend funds and final borrowers seeking to invest funds. This intermediation function not only requires a matching of borrowers and lenders, but … Read more

Concept Of Social Welfare Legislations In India

? Concept of Social Legislation Legislation is an instrument to control, guide and restrain the behaviour of individuals and groups living in society. Individuals and groups left in absolute freedom may clash with each other in the pursuit of their self interest at the cost of others.They cause grave harm to society leading to chaos. … Read more

Changing Trends In Employment And Necessity For New Labour Laws

? JOB CREATION   As outlined in the NITI Aayog’s Action Agenda, India suffers more from the problem of underemployment (i.e. low-productivity, low-wage jobs) than unemployment as for example: In 2011-12, agriculture engaged nearly 50% of the workforce but contributed 15% to GDP In 2010-11, within manufacturing, small firms employed 72% but output was only … Read more

Role Of Finance Ministry In Monetary And Fiscal Policy

? Fiscal role of ministry of finance The Ministry of Finance plays a very crucial role in development planning in India. It supervise the financial institution and is responsible for the overall financial management of the country. The Ministry of Finance is responsible for the fiscal administration of the country. It has three departments, Department … Read more

Tribal Welfare Administration

? , Tribal sub plan and Single line administration in Chhattisgarh The tribal areas of Chhattisgarh though sparsely populated continue to receive special attention of the State Government primarily on account of their strategic location and comparative backwardness. The Tribal Sub Plan was started in 1974-75 in the State and entire tribal population was brought … Read more

Planning And Capacity Building In Panchayati Raj System

? Panchayati Raj Institutions (PRIs) are rural local governments entrusted with the responsibilities to prepare plan and implement schemes for economic development and social justice in rural India. A number of Centrally Sponsored Schemes (CSS) assign important role to PRIs. In addition, PRIs are also involved in implementation and monitoring of several State Schemes. For … Read more

Panchayat Financing And Devolution

? Panchayat: Financing, Resource mobilization and devolution Sources of Funds The Amendments left important matters such as implementation, service delivery (including local capacity building) and transfer of responsibilities and powers to rural local bodies at the discretion of the state legislatures. Consequently, while expenditure responsibilities of local bodies are extensively enhanced, there is no law … Read more

Non Banking Financial Institutions

? Non-banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds hire-purchase insurance business or chit business but does not include any institution whose principal … Read more

Foreign Exchange

?   is the exchange of one currency for another or the conversion of one currency into another currency. also refers to the global market where currencies are traded virtually around the clock. transactions encompass everything from the conversion of currencies by a traveler at an airport kiosk to billion-dollar payments made by corporations, financial … Read more

Regional Imbalances And Income Inequalitiies In India

? : Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, health care facilities etc. Income inequality is the unequal distribution of household or individual income across the … Read more

Pattern Of Revenue Expenditure

? In India, government expenditure – as per the provision in the Constitution – is divided into revenue expenditure and capital expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close to 70% and that of Plan at 30% … Read more

Regional Imbalances And Income Inequalitiies In India

? : Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, health care facilities etc. Income inequality is the unequal distribution of household or individual income across the … Read more

State Finances And Local Finances

? State finances The constitution (73rd and 74th) Amendment Acts, 1992 and Article 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every state government is required to constitute, once in five years, a Finance Commission under articles 243 (I) … Read more

Structural Changes In The Indian Economy

? Change in composition of domestic product or change in national income by industry of origin refers to change in relative significance (share) of different sectors of the economy. Generally, an economy is divided into three major sectors viz. primary, secondary and tertiary sectors. Primary sector includes agricultural and allied activities, secondary sector includes manufacturing … Read more

Administered Prices

? ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food … Read more

Foreign Exchange

?   is the exchange of one currency for another or the conversion of one currency into another currency. also refers to the global market where currencies are traded virtually around the clock. transactions encompass everything from the conversion of currencies by a traveler at an airport kiosk to billion-dollar payments made by corporations, financial … Read more

Sectoral Composition With Respect To Contribution To Gross Domestic Product

? (GDP) and Employment Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, industry and services. Agriculture includes crops, horticulture, milk and animal husbandry, aquaculture, fishing, sericulture, aviculture, forestry and related activities. Industry includes various manufacturing sub-sectors. India's definition of services sector includes its construction, retail, software, IT, communications, hospitality, … Read more

Industrial Policy

? Objectives: To create high quality world class infrastructure facilities in the State and enhance connectivity to the National Capital Region (NCR) and other leading markets. To provide single window facilitation in the State to expedite project clearances and provide an investor friendly climate. To provide and facilitate expeditious land availability for setting Industrial ventures … Read more

Food Security Scheme

? After the rural job guarantee programme, the government is now focusing on an ambitious National Food Security Act aimed at drawing more people into the food security net. It has made a strong pitch for providing 35 kg of cereal at Rs 3 per kg every month to the poor of this country. The … Read more

Role Of Foreign Capital

?                       Role of Foreign Capital and Multinational companies in                         Industrial development of India   The development of any society or country without economic development is a myth. Economic development brings prosperity which in turns is directly proportional to the amount of goods and services produced quantitatively or in broad sense we … Read more

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