Economy Booster

IMPACT OF NEW ECONOMIC POLICY India’s post-independence development strategy showed all the signs of stagnation, but the economy started showing the sign of recovery in the early nineties when the government adopted the new economic model known as Liberalization, Privatization and Globalization (LPG) to meet a grave economic crisis; characterized by unprecedented adverse balance of … Read more

 Economic reforms in india 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. … Read more

National Law University National Law University, Delhi (NLUD) is a prestigious law university in India, offering courses at the undergraduate and postgraduate levels. It is situated in Sector-14, Dwarka, New Delhi, India. NLUD is one of the national law schools in India built on the five-year law degree model proposed and implemented by the Bar … Read more

 Current account deficit and Unfavorable balance of payment Current Account Deficit The current account deficit is a measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, … Read more

     Welfare of Disabled, Aged and Others: Enactments, Policies, Institutions and Schemes   Vulnerable groups are those groups of society which would be susceptible under any unfavourable situations such as where the adults are not capable to provide a satisfactory living for the household due to health issues like disability, illness, age … Read more

 –Instabilities – Stock Exchanges and SEBI Instabilities in The traditional conception of instability in financial markets stems from the view that financial institutions act as agents which intermediate between savers willing to lend funds and final borrowers seeking to invest funds. This intermediation function not only requires a matching of borrowers and lenders, but … Read more

     Definition: Industrial legalizations are the laws enacted by the Government to provide economic and social justice to the workers in industries. Generally these laws provide guidelines to the employers/industrialists in dealing with the matters of wages, wage incentives, facilitates for workers and the working conditions of labour. Necessity: Improves industrial relation i.e. … Read more

 Seed Seed is technically defined as ripened ovule containing embryo. Another definition says that the seed is a living embryo which is vital and basic input for attaining sustained growth in agricultural production in different agro-climatic conditions. The embryo in the seed remains almost suspended for sometimes and then revives to new development.  Seed … Read more

Thermal power program of India More than 65% of India’s electricity generation capacity comes from thermal power plants, with 85% of the country’s thermal power generation being coal-based. The ten biggest thermal power stations operating in India are all coal-fired, with five of them owned and operated by state-run National Thermal Power Corporation (NTPC). Vindhyachal Thermal … Read more

 Recomendations of the 14th Finance commission Article 280 of the Constitution of India requires the Constitution of a Finance Commission every five years, or earlier.  For the period from 1st April, 2015 to 31st March, 2020,  the 14th Finance Commission (FFC) was constituted by the orders of President on 2nd January, 2013 and … Read more