Public Economics

Study of economic efficiency, distribution and government economic policy.

Developed out of the original political economy of JS Mill and David Ricardo. It is a very important branch of economics because of the foundation it provides for practical policy analysis.

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• Following elements mainly affect the magnitude of the poverty ration
  • The nutrition norm in the base year
  • Price deflator used to update the poverty line
  • Pro rata adjustment in the number of households in different expenditure classes to determine the number of households below and above poverty line.
• Agricultural wage earners, small and marginal farmers and casual workers engaged in non-agricultural activities constitute the bulk of the rural poor

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Planning in India

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Subsidies or Cash Transfers?

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Contents

India under the British Rule. 2

Inflation in India. 6

Monetary Policy of India. 6

Money Market. 13

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The Central Statistics Office (CSO) of the Ministry of Statistics & Programme Implementation announced that the new series of Consumer Price Index(CPI)  numbers for Rural, Urban and Combined (Rural +Urban) on base 2010 ( January to December)=100 taking all segments of rural and urban population for the month of January, 2011 will be released by the  Central Statistics Office for the States/UTs and all- India on 18th February, 2011.These indices will be available for five major groups namely Food, beverages and tobacco; Fuel and light; Housing; Clothing, bedding and footwear, and Miscellaneous.

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Importance of micro, small and medium enterprises

• Apart from playing a significant role in meeting national objectives of balanced growth, poverty alleviation and equity promotion, serve as nurseries for corporate enterprises of future.

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• In rural India, land is the single most important productive asset owned by the people

Why are land reforms needed?

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Assessment of the growth experience: Poverty and Unemployment

• Poverty and unemployment are closely related
• High poverty has a multiplier effect on quality of life, deprivation, malnutrition, illiteracy and low human resource development.

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