Economy

Interim Budget, also known as ‘a vote on account’, essentially means that the government seeks the approval of Parliament for meeting expenditure for the first four months of the fisca l year (April-March) — paying salaries, ongoing programmes in various sectors etc — with no changes in the taxation structure, until a new government takes … Read more

Economic growth is inclusive when growth percolates to all the sectors of the economy and the development is not concentrated to certain pockets but in all region.  The growth should reduce the inequality between the rich and the poor. SALIENT FEATURES OF INCLUSIVE GROWTH Participation– People are able to participate fully in economic life and … Read more

Infrastructure is the term for the basic physical systems of a business or nation. Transportation, communication, sewage, water, and electric systems are all examples of infrastructure. These systems tend to be high-cost investments and are vital to a country’s economic development and prosperity. Grant of infrastructure status enables the industry to raise money from insurance … Read more

Recommendations are as follows: Expand the outreach of the formal credit system to reach the really poor and needy. Reduce rate of interest for crop loans to 4 per cent simple, with government support. Moratorium on debt recovery, including loans from non-institutional sources, and waiver of interest on loans in distress hotspots and during calamities, … Read more

Quite often the funds allocated for tribal welfare are not spent or are spent without correspondingresults and sometimes funds are even misappropriated. The watch dog of tribal interests, Tribal AdvisoryCouncil has not functioned effectively. Administrative personnel are either ill trained or prejudiced against tribals. A major handicap from which tribals suffer is denial of justice, … Read more

Rural people in India depend on a wide range of bioresources for their nutrition and livelihood security.  The report recommends: Preserving traditional rights of access to biodiversity, which include access to non-timber forest products including medicinal plants, gums and resins, oil yielding plants and beneficial micro-organisms; Conserving, enhancing and improving crops and farm animals as … Read more

In the last decades there has been a considerable increase in the number of technology based startups. Some 800+ startups are coming up every year, going by this trend by 2020 more than 11,500 start-ups are expected to get established in India, generating opportunities for over 2.5 lakhs people. The reasons for startups as drivers … Read more

Along with bringing transparency and accountability in enforcement of Labour Laws, the Government has taken various initiatives to realize and establish the dignity of every worker through provision of social security, enhancing the avenues and quality of employment along with industrial development. Recent major reforms are: Introduction of Labour Codes In line with recommendations of … Read more

It was in the wake of the Liberalisation in 1991 that it cecame imperative for the government to reform the financial sector in order to reinvigorate the economy. GOI set up committee under the guidelines of  Narsimha. Recommendation: It advised the RBI not to use CRR as a principal investment of monetary and credit control … Read more

. Foreign Direct Investment in organized retail is yet another area shrouded in controversy.  What is organized retail? Let us define retail first, it is household requirement of the people  comprising of food and grocery, clothing, convenience, consumer goods, etc. Secondly,  organized retailing is selling of these household commonly used goods to the people  directly, … Read more