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Posted by Shrikant Elangbam 4 years, 3 months ago
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Posted by Sunil Choudhary 4 years, 3 months ago
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Sia ? 4 years, 3 months ago
Scarcity refers to a basic economic problem—the gap between limited resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
Ekta Tiwari 4 years, 3 months ago
Posted by Bhavesh Malviya 4 years, 3 months ago
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Tarun Beriya 4 years, 3 months ago
Posted by Bhavesh Malviya 4 years ago
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Preeti Dabral 4 years ago
Railways were introduced by the British in 1850 in India, however, it began its operation in 1853. It affected the structure of the Indian economy in many ways:
- It fostered commercialisation on Indian agriculture which adversely affected the self-sufficiency of the village economies in India.
- It enabled people to undertake long distance travel and thereby break geographical and cultural barriers. They are very useful for carrying heavy goods at long distances as compared to other means of transport.
Posted by Sanga Gangte 4 years, 3 months ago
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Sia ? 4 years, 3 months ago
During Independence there was extremely low productivity per hectare and per worker.
However, the previous trend of stagnant agriculture was completely changed due to the introduction of economic planning since 1950-51, and with special emphasis on agricultural development, particularly after 1962.
- A steady increase in the area under cultivation is noticed.
- A substantial growth in the food crops is marked.
- During the plan period there had been a constant increase in the yield per hectare.
Posted by Anubah Padun 4 years, 3 months ago
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Priya Kumari 4 years, 3 months ago
Posted by Harsh Jain 4 years ago
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Preeti Dabral 4 years ago
Developing countries can fuel economic expansion and boost productivity by investing in family planning and reproductive health services
Posted by Kunal Chauhan 4 years, 3 months ago
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Pramila Senapati 4 years, 3 months ago
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Sia ? 4 years, 3 months ago
Posted by Kade Lom 4 years ago
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Preeti Dabral 4 years ago
New Economic Policy refers to economic liberalisation or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes to expand the economic wings of the country.
Posted by Aishwarya Rajesh 4 years ago
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Preeti Dabral 4 years ago
Foreign exchange reforms were initiated in 1991 with the devaluation of the Indian rupee against foreign currencies. Consequently, a US dollar or an English pound could be exchanged for more rupees than before, implying that a US dollar or an English pound can buy more goods in the Indian market.
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Sia ? 4 years, 3 months ago
Posted by Abcd Abcd 4 years, 3 months ago
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Sia ? 4 years, 3 months ago
The instruments of monetary policy are of two types:
1. Quantitative, general or indirect (CRR, SLR, Open Market Operations, Bank Rate, Repo Rate, Reverse Repo Rate)
2. Qualitative, selective or direct (change in the margin money, direct action, moral suasion)
Posted by Indrani Sen 4 years, 3 months ago
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Sia ? 4 years, 3 months ago
Privatization in India
In 1991 India made some major policy changes in their economic ideologies. There were stagnation and slow growth in the economy.
To tackle these problems the, then Finance Minister Dr. Manmohan Singh introduced some major economic reforms. Now, we call it the liberalization of the Indian Economy and the LPG reforms.
Privatization has a very broad meaning in economics. Everything that ranges from the introduction of private capital to selling government-owned assets to transitioning to a private economy.
As the definition of privatization is so very diverse let us take a look at the three main features of privatization.
Ownership Measures: The ownership of all public enterprises ultimately shifts to private owners. The denationalization can be complete or partial.
Organizational Measures: This is where we limit the control of the state in public companies. Some methods include holding company structuring, leasing. restructuring of the enterprises etc.
Operational Measures: Public organizations and companies were running into huge losses. So the efficiency of these companies was to be increased.
Conceptualization of Privatization in India
1] Delegation: Here via a contract or franchise or lease or grant etc. the government keeps the ownership and the responsibility of an enterprise.
But the private company will handle the daily activities and deliver the product or service. The state will remain an active participant in this process.
2] Divestment: The government will sell a majority stake of the enterprise to one or more private companies. It may keep some ownership but will be a minority stakeholder in the enterprise.
3] Displacement: The first step here will be deregulation. This will allow private players to enter the market. And slowly and gradually the private company will displace the public enterprise.
Posted by Simran @_@ 4 years, 3 months ago
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Sia ? 4 years, 3 months ago
| Basis of Difference | Expected Obsolescence | Unexpected Obsolesescne |
| Meaning | It refers to the fall in the value of fixed assets due to a change in technology or demand. | It refers to the fall in the value of fixed assets due to natural calamities and economic recession. |
| Reasons | For this, Change in technology and demand are the main reasons. | For this, Natural calamities and economic recession result in this obsolescence. |
| Part of depreciation | Considering this loss, It is regarded as a part of depreciation. | In this respect, It is not regarded as a part of depreciation. |
| Capital loss | Here, The loss due to this is added as consumption of fixed assets. | Here, The loss due to this is added to a capital loss. |
| Management | It is managed through a depreciation reserve fund. | It is managed through the insurance of fixed assets. |
| Prediction | In this regard, the producers can predict the loss through their experience and knowledge. | In this respect, the loss cannot be predicted before. |
Posted by Himanshu Shekhar 4 years, 3 months ago
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Posted by Vishwaa Vishwaa 4 years, 1 month ago
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Sia ? 4 years, 1 month ago
Education Commission 1964-66 had recommended that at least 6 per cent of GDP must be spent on education
Posted by Vishwaa Vishwaa 4 years, 4 months ago
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Posted by Vishwaa Vishwaa 4 years, 1 month ago
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Sia ? 4 years, 1 month ago
Education Cess at 2% was introduced to meet Government's commitment to provide and finance universalised quality basic education needs of poor people in India as an additional levy on basic tax liability. Overall education and secondary higher education cess of 3% was charged on all types of taxes.
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Krrish Shridhar 4 years, 3 months ago
1Thank You