Economy Booster

 (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

 Sectoral trends in National Income of India In 1950-51, the share of the primary sec­tor in GDP was as high as 55.8%, while that of the secondary sector was only 15.2%. There has been a steady decline in the share of primary sector since then. It fell to 26% in 2000-01. On the … Read more

 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

 New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, … Read more

   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

Pricing of public utilities and government policy Priority to public There are a number of principles which govern the pricing of public utility services. There are public utilities like education, sewage, roads, etc. which may be supplied free to the public and their costs should be covered through general taxation. Dalton calls it the general … Read more

 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

 Planning mechanism and experience in Panchayathi raj institutions Ever since India got freedom in 1947, efforts have been made to strengthen the panchayati raj system to create, in the rural people a sense of participation in the nation-building programme.   Article 40 under Directive Principles of State Policy of the Constitution directs the … Read more

 Issues related to Deprived Class Education The concept of Deprived/ Marginalized Groups   is generally used to analyse socioeconomic, political, and cultural spheres, where disadvantaged people struggle to gain access to resources and full participation in social life. In other words, marginalized people might be socially, economically, politically and legally ignored, excluded, or neglected, … Read more

 Cottage and Village industries in India problems and prospects Cottage Industry is a form of small scale industry where the productivity of the good£ takes place in the houses of the workers, and the workforce include the members of the family. The equipment’s used to generate products are not the hi-tech ones but … Read more