economic growth

. The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at times of crisis. The manufacturing sector continued its subdued growth performance, failing to emerge as the growth driver, with production interruptions due to localised lockdowns to be blamed. The contraction in trade (-18.2%), construction (-8.6%), mining (-8.5%) and manufacturing (-7.2%) is a matter ... Read more

Recently, the government has released the National Monetisation Pipeline (NMP), a document listing the various public assets that will be leased out to private companies over the next four years. The government believes that monetising under utilised public assets will bring in almost Rs. 6 lakh crore to the government and help build new infrastructure to boost the economy. The critics have accused the government of selling off valuable national assets to “crony capitalists”. In this context, it becomes necessary to evaluate the programme with its long term impacts on overall economic growth. Advantages of National monetization plan Generate Resource ... Read more

The Indian textile and apparel sector, with $37 billion exports and $85 billion domestic consumption, is one of the largest employers in the country. Every $1 billion additional exports in apparel manufacturing can create 1.5 lakh new jobs. If we capitalise on the current China-plus-One opportunity, Indian exports will grow in double digits for the next several years, which in turn will create millions of jobs. The Indian apparel sector needs scale, specialisation and competitiveness to capitalise on the emerging post-Covid opportunities in global trade. Need for scale: Scale is important to bring down the cost of production, improve productivity ... Read more

Structural changes in the Indian Economy Change in composition of domestic product or change in national income by industry of origin refers to change in relative significance (share) of different sectors of the economy. Generally, an economy is divided into three major sectors viz. primary, secondary and tertiary sectors. Primary sector includes agricultural and allied activities, secondary sector includes manufacturing industries and tertiary sector includes services. With the development process, significance of primary sector declines while that of secondary and tertiary sectors increases. After independence, Indian economy has also experienced such changes. The share of primary sector in GDP at ... Read more

Current Science & Technology developments in India Science and Technology hold the key to the progress and development of any nation. Technology plays a Fundamental role in wealth creation, improvement of the quality of life and real economic growth and transformation in any society. The role of Science and Technology in our daily life is altering the way people live, behave, and communicate with profound effects on economic development. Science and Technology are now the key elements to development as the scientific revolutions reinforce economic progress, infrastructure and improve health and education system Innovation is the primary key to the ... Read more

CHHATTISGARH   Nbm’s focus to develop bamboo includes c’garh The National Bamboo Mission (NBM) will focus on  development of bamboo in limited States where it has social, commercial and economical advantage, particularly in the North Eastern region and States including Madhya Pradesh, Maharashtra, Chhattisgarh, Odisha, Karnataka, Uttarakhand, Bihar, Jharkhand, Andhra Pradesh, Telangana, Gujarat, Tamil Nadu and Kerala, the Central Government has informed.   The Mission is expected to establish about 4000 treatment/ product development units and bring more than 100000 ha area under plantation.   The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister, Narendra Modi recently ... Read more

CHHATTISGARH C’garh asked to create 2k ‘suryamitras’ in 5 yrs   The Chhattisgarh Government has been given a target of creating 2000 ‘Suryamitras’ by the Union Ministry of New and Renewable Energy who could be trained for seeking employment in the solar energy sector during the next five years, officials informed.   The Suryamitra Skill Development Program (SSDP) aims to develop the skills of youth, considering the opportunities for employment in the growing Solar Energy Power Project’s installation, operation and maintenance in India and abroad.   The SSDP is also designed to prepare the candidates to become new entrepreneurs in ... Read more

CHHATTISGARH Rlys to set up 50 mw solar plant in bhilai   The Ministry of Railways has planned to set up a 50 MW solar plant at vacant railway land in Bhilai , the Central Government has informed. It has planned to set up 500 MW solar plants on land based system for meeting its Non-Traction and Traction requirements, mostly through Power Purchase Agreements (PPAs) using vacant Railway/private/Government lands . Remaining capacity shall be procured from solar parks across the country or by setting up solar plants on vacant Railway land subsequently. In Maharashtra, at present, no land based solar ... Read more

The English word ‗administer‘ is derived from a combination of two Latin words and ‗ministrate‘ meaning ‗to serve or manage‘. Literally, the term means management the affairs of public or private. Administration refers to mobilisation of resources – human and material- to achieve pre-set of objectives. Administration is thus an activity undertaken in pursuit of the realisation of a goal. It is an effort requiring a group of persons, each individually carrying out certainallotted tasks, which when so performed by all, leads to the achievement of an objective which has already been established and made explicit. Management is defined as ... Read more

National Policy for Science and Technology The thrust of the Scientific Policy Resolution, 1958 was on capacity-building in advancement of science as the foundation for making a strong nation, which had just freed itself from the shackles of colonial domination . The focus of the Technology Policy Statement, 1983 was attainment of technological self-reliance and building of national strength by reducing vulnerability in strategic areas . The Science and Technology Policy, 2003 launched a massive programme for attracting our best talents to the arena of research in basic sciences, so that India continues to earn respect in a competitive knowledge society. ... Read more