Economy Booster

   OBJECTIVES OF SOCIAL LEGISLATION : Social legislation derives its inspiration from our constitution and has the following specific objectives: i)Removal of discrimination on the grounds of sex, religion, caste, class etc. and promotion of equality to all. ii)Safeguard the rights of the weaker section such as women, children, elderly, widows, destitute and the … Read more

 Basic characteristics of Indian Economy as a developing economy Low per capita income:   In India, the national income and per capita income is very low and it is considered as one of the basic features of underdevelopment. As per World Bank estimates, the per capita income of India stood at only $ … Read more

 Physical Quality of Life Index (PQLI) Physical Quality of Life Index (P.Q.L.I) was developed by famous economist Morris David in 1979 for 23 developed and developing countries. Morris David used the following three indicators to prepare a composite index known as Physical Quality of Life Index: Life Expectant Rate (L.E.I) Infant Mortality Rate … Read more

 Debt and Investment in India: Current Status Debt status Government liabilities  have been broadly classified as debt contracted against the Consolidated Fund of India (defined as Public Debt) and liabilities in the Public Account, called Other Liabilities. Public debt is further classified into internal and external debt. Internal debt consists of marketable debt … Read more

 EMPLOYMENT As per Employment-Unemployment Survey (by NSSO) of 2011-12 (latest available), total workforce employed stands at 47.36 crore; with 23.16 crore in agriculture and 24.2 crore in industry and services According to the fifth Annual Employment-Unemployment Survey (EUS) conducted between April and December 2015, 83% of the workers in India were self-employed, casual … Read more

 Gender equality Gender equality describes the absence of obvious or hidden disparities among individuals based on gender. Disparities can include the discrimination in terms of opportunities, resources, services, benefits, decision-making power and influence. It is important to note that Gender is a social construct which is based on social roles, not sexual differences … Read more

 Free and Compulsory primary education The Indian Constitution is a social document and the supreme law of the land. The founding fathers of the Constitution have incorporated a well designed constitutional manifesto under Part-IV of the Constitution to achieve socio-economic Justice. The Directive Principles of State Policy are principles of good governance. Education … Read more

 Fiscal role of ministry of finance The Ministry of Finance plays a very crucial role in development planning in India. It supervise the financial institution and is responsible for the overall financial management of the country. The Ministry of Finance is responsible for the fiscal administration of the country. It has three departments, Department … Read more

 Green GDP Green Gross Domestic Product also known as Green GDP, accounts for the environmental consequences of a country’s traditional GDP. It acts as an index of the growth of economy with the environmental implications of that growth which is related to a country’s conventional GDP. Green GDP tells us the biodiversity that … Read more

Problem of illiteracy in India and solutions According to the 2011 Census, any person aged seven and above and has the ability to read and write is considered literate. The average literacy rate in India stands at 74.04%. While Kerala has the highest literacy rate in India at 93.91%, Bihar has the least literacy rate … Read more