Economy

Core sectors of an economy are the main or the key industries in the economy. In India, there are 8 sectors which are considered the Core Sectors. The eight core sectors of the Indian economy are: Electricity Steel Refinery products Crude oil Coal Cement Natural gas Fertilisers These industries have a major impact on the general economic … Read more

BPO Role in India’s Economic Growth has been tremendous, especially in the last few years, when the demand for outsourcing work to India has been significant among western companies. The role played by BPOs in boosting India’s economy shows that the IT and ITeS sector have been contributing largely to the economic growth of India. … Read more

India has been facing serious issues as far as economy is concerned. The growth rate plummeted   to 4.5%. Unemployment rate is highest in 45 years and at the same time food inflation is also on higher side. So we are going towards stagflation. The major reasons for economic slow down are as follows: Twin balance … Read more

Contract farming is agricultural production carried out according to an agreement between farmers and a buyer, which places conditions on the production and marketing of the commodity. Contract farming (CF) is defined as forward agreements specifying the obligations of farmers and buyers as partners in business. Legally, farming contracts entail the sellers’ (farmers’) obligation to … Read more

Small and Medium-sized enterprises (SMEs) are labour intensive, have the advantage of low cost of production and can make good use of locally available resources pushing demand and growth. The sector offers a wide range of employment opportunities and absorbs most of the working age population. Majorly consists of handlooms, handicrafts, coir, sericulture, khadi and … Read more

GST as a reform has a far reaching consequences. MSME sector is going to get benefit in the long run. But in the short run as per CII, the MSME sector is facing following issues:   A complicated compliances system and a rigid taxation regime place added limits on the growth potential of small enterprises. … Read more

India stood 149th in a 2019 list of 193 countries ranked by the percentage of elected women representatives in their national parliaments. In more than six decades till 2014, as women’s share in India’s population remained at 48.5%, the share of women MPs increased eight percentage points to 12.6% between the first (1952) and the … Read more

:  Government budget is the annual financial statement presented by the finance minister which contains the following figure: Actual estimate for FY 2017-18 Budget estimate for FY 2018-19 and Revised estimate for FY 2018-19 Budget estimate for FY 2019-2020   The budget is divide into two parts:   Revenue budget Capital budget  

The objective of Project CHAMAN is to provide strategic development to the horticulture sector, so as to increasefarmers income, a pioneer project called CHAMAN. The project is implemented by Mahalanobis is National CropForecast Centre (MNCFC)using remote sensing technology. Silent Features: Project CHAMAN carries out mapping of area and output of 7 horticultural crops in 12 … Read more

Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens. It is one of the kind of … Read more