Paper III Economy

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 generally those … Read more

Demographic dividend and transition Demographic dividend The term “demographic dividend” (DD) refers to the accelerated economic growth that a country can achieve when it has a low dependency ratio or, in other words, when the proportion of its population that is of working age is greater than the proportion of its population that doesn’t work … Read more

Introduction Urban areas have been recognized as “engines of inclusive economic growth”. Of the 121 crore Indians, 83.3 crore live in rural areas while 37.7 crore stay in urban areas, i.e approx 32 % of the population. The census of India, 2011 defines urban settlement as :- All the places which have municipality, corporation, cantonment board … Read more

  Employment and Development: Human Resource Management and Human Resource Development and its indicators in India. Nature, types and Problems of Unemployment in India. Employment Schemes and Programmes both of Union Government and Uttarakhand Government. Rural Development and Community Development Programmes- Role of related Institutions and Organizations including all centrally and State sponsored schemes.   … Read more

SKILL DEVELOPMENT Introduction India is passing through the phase of demographic transition which could be the biggest opportunity or the biggest concern of the country depending upon the utilization of its huge work force. India adds 12 million people to its workforce annually, but very few have any formal skill training. Today, less than four … Read more

Make-in India – Start- up and Stand-up programmes Make-in India Make in India is the government’s flagship campaign intended to boost the domestic manufacturing industry and attract foreign investors to invest into the Indian economy. The Indian Prime Minister, Mr. Narendra Modi first mentioned the keyphrase in his maiden Independence Day address from the ramparts … Read more

The development of any society or country without economic development is a myth. Economic development brings prosperity which in turns is directly proportional to the amount of goods and services produced quantitatively or in broad sense we can say in money equivalent. So the factor of production depends on the following parameters. Land Labour Capital … Read more

  MONETARY POLICY TOOL:   There are several direct and indirect instruments that are used for implementing monetary policy. Repo Rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the liquidity adjustment facility (LAF). Reverse Repo Rate: The (fixed) … Read more

Agricultural credit provided directly to farmers, called direct finance to farmer for agriculture, is either short-term or long-term. While short-term credit enables cultivators to procure inputs such as fertiliser and seeds needed for agricultural operations, long-term credit is meant for investment in fixed assets such as irrigation pumps, tractors, agricultural machinery and so on, thus … Read more

Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. Until the 19th century, public expenditure was limited as laissez faire philosophies believed that money left in private hands could bring better returns. In democracy, public expenditure is an expression of people’s will, … Read more