12 Finance Commission of India

  The Twelfth Finance Commission  was appointed under the chairmanship of C. Rangarajan on November 1, 2002 to make recommendations regarding the distribution between the Union and the States of net proceeds of shareable taxes, the principles which should govern the grants- in-aid of the revenues of States from the Consolidated Fund of India and … Read more

Role of World Bank, IMF WTO & other Important International Organisations in world Economy:-

The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade. The World Bank was established in December 1945 at the … Read more

Concept of Developing, Emerging and Developed countries.

  In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more

Development of Sociological Thought in India

Development of Sociological Thought in India Sociology is the general study of social life, groups and societies. Sociology is a humanistic social science .It study the behavior of human beings in society. Sociology is concerned with social relationships of man with man and social interactions. It is the scientific study of social relationships, their variety, … Read more

Sanskritization

Sanskritization Sanskritization or Sanskritisation is a particular form of social change found in India. It denotes the process by which castes placed lower in the caste hierarchy seek upward mobility by emulating the rituals and practices of the upper or dominant castes. It is a process by which a low caste or a tribe or … Read more