Drain Theory

  Dadabhai Naoroji: ‘Poverty in India’ (1876) He claimed that the drain of wealth and capital from the country which started after 1757 was responsible for absence of development in India. Drain was done through trade, industry and finance Two elements of the drain That arising from the remittances by European officials of their savings, … Read more

Indian Agriculture- Current Status, Issues & initiatives.

Indian Agriculture Mainstay of Indian Economy Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share. Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 … Read more

Synopsis of NCERTS

  Introduction Indian national movement: One of the biggest. Inspired many others. Gandhian Political Strategy very important. Elements of Gandhian Strategy can be seen in the Solidarity Movement in Poland by Lech Walesa WHY IS THE INDIAN NATIONAL MOVEMENT UNIQUE In the Indian national movement, the Gramscian perspective of war of position was successfully practiced. … Read more

09.03.18 (CGPCS) Chhattisgarh Current Affairs

CHHATTISGARH Over 30l applications received in phase-1   In the first phase of State-wide ‘Lok Suraaj Abhiyan 2018’, more than 30.10 lakh applications related to various issues were received for various departments at the collection camps organized in all 27 districts, officials informed.   Redressal of these applications is in progress. The State Government has … Read more

Synopsis of NCERTS

  Introduction Indian national movement: One of the biggest. Inspired many others. Gandhian Political Strategy very important. Elements of Gandhian Strategy can be seen in the Solidarity Movement in Poland by Lech Walesa WHY IS THE INDIAN NATIONAL MOVEMENT UNIQUE In the Indian national movement, the Gramscian perspective of war of position was successfully practiced. … Read more

Four Modes of Services under GATT

  Four Modes of Services under GATT Mode 1 Cross border trade, which is defined as delivery of a service from the territory of one   country into the territory of other country; Mode 2 Consumption abroad – this mode covers supply of a service of one country to the service   consumer of any … Read more

Impact of Liberalisation

  The leading economists of the country differ in their opinion about the socioeconomic and ecological consequences of the policy of liberalisation.Liberalization has led to several positive and negative effects on Indian economy and society. Some of the consequences of liberalisation have been briefly described here: 1. Increase in the Direct Foreign Investment: The policy of … Read more

Services

Current Status It is the largest and fastest growing sector globally contributing to the global output and employing more people than any other sector Why has services sector grown? Increase in urbanisation, privatisation and more demand for intermediate and final consumer services Availability of quality services is vital for the well being of the economy … Read more

Inflation & Control Mechanism

inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more

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