Economy

In 2005, another expert group to review methodology for  poverty estimation, chaired by Suresh Tendulkar, was constituted by the Planning Commission.  The reason for formulation of committee was : Issues with the adjustment of prices for inflation, both spatially and temporally. Earlier poverty line assumed that health and education would be provided by the state  … Read more

Prime Minister Narendra Modi launched the Make in India initiative on September 25, 2014, with the primary goal of making India a global manufacturing hub, by encouraging both multinational as well as domestic companies to manufacture their products within the country. The initiative aims to raise the contribution of the manufacturing sector to 25% of … Read more

Foreign direct investment (FDI) is an investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country, such as ownership or controlling interest in a foreign company.   Concerns with FDI:   FDI has … Read more

In the last decades there has been a considerable increase in the number of technology based startups. Some 800+ startups are coming up every year, going by this trend by 2020 more than 11,500 start-ups are expected to get established in India, generating opportunities for over 2.5 lakhs people. The reasons for startups as drivers … Read more

India is largely a informal economy where various MSME units are there. But these units find hard to access to the formal systems of credit. Before the inception of MUDRA, this sector gets only 4% of its credit needs from banks. The sector used to borrows unspurious rates of interest of 120% and beyond. MUDRA … Read more

FRBM is fiscal responsibility and budget management act is an act of parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit , improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget. The main purpose of the budget was to eliminate the revenue deficit and to … Read more

  Tax avoidance Tax evasion Legal way of saving taxes. Illegal in a financial system Recording of income Not recording of income. Help in saving, at the same time money can be channelized for economic growth Help in saving, but since money is not accounted. Money cannot be channelized for economic growth.   Positive extrenalities … Read more

Disinvestment is the practice of selling of shares by an organisation ( generally used for government) to the private sector. Disinvestment is de-nationalization of less than 100 per cent ownership transfer from the state to the private sector. The objective of disinvestment is to mobilise the resources, To use the resources for productive purposes like … Read more

Globalisation means integration of economies and societies through cross country flows of information ,ideas ,technologies , goods, services, capital finance and people. The current wave of globalisation, which started after 1991had profound effects on the labour market and the employment situation of workers all over the world. The changes in pattern of employment and labour … Read more

There is no tool for development more effective than the empowerment of women. Development is incomplete without rendering gender equality. It is a myth when 50% of the biological stream is lagging behind due to unavailability of equality of opportunity. According to the economic survey 2017-18, there are 24% women workforce as compared to men. … Read more