Economy Booster

 Government of India Policy on Information Technology (IT) Government provides IT resources to its employees to enhance their efficiency and productivity. These resources are meant as tools to access and process information related to their areas of work. These resources help Government officials to remain well informed and carry out their functions in … Read more

 Falling Rupee Value Exchange rate is the price of foreign currency (USD, Yen, Euro, Pound etc) in terms of domestic currency (rupee) i.e. amount of domestic currency needed to buy one unit of foreign currency. Currently price of 1$ = 53.74, which means 1$ can be purchased in exchange of 54. Exchange rate … 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 … Read more

 Co-operative movement in India and M.P The cooperative movement in India has its origin in agriculture and allied sectors. The first Cooperative Credit Societies Act was enacted in 1904.Subsequently a more comprehensive legislation called the Cooperative Societies Act was enacted. This Act provided for the creation of the post of registrar of cooperative … Read more

 Division of Public Sector Enterprises (PSEs)   The division of the PSEs of the existing state of Andhra Pradesh will be done according to the location of production facilities  With the exception of a few PSEs, the headquarters of most of them are located in Hyderabad. However, it is the location of the … Read more

 Agriculture in India plays a pivotal role in providing livelihood, ensuring food security, reducing poverty and sustaining growth.  Overview of agriculture sector in India Agriculture & GVA: India is witnessing a general decline in share of agriculture in Gross Value Added (GVA). However, growth rate of agriculture & allied sectors have been fluctuating … Read more

 Population growth and economic development The effect of population growth on a society’s per capita output level depends on the pattern of population growth as also its institutional (organ­isational) framework. In other words, it depends on the age composition of the population. The pattern of spending reflects the age distribution. An ageing population—one … Read more

 Market Economy A market economy is a system where the laws of supply and demand direct the production of goods and services. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government.  Businesses sell their wares at the highest price consumers will pay. At the same time, shoppers look for the lowest prices … Read more

 Patents and Intellectual Property Rights. (TRIPS & TRIMS) Intellectual Property Rights (IPR) are set of rights associated with creations of the human mind. An output of the human mind may be attributed with intellectual property rights. These are like any other property, and the law allows the owner to use the same to … Read more

 Alternative policy initiatives in agricultural marketing More than three-fifths of India’s population draws their livelihood from agriculture that adds just one-fifth to its GDP. There should be obvious serious concerns about efficient functioning of this sector both in terms of its output / productivity and its marketing. While output and productivity are supply … Read more