industrial policy

Economic reforms in india

Economic reforms in india New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, stress has been laid upon the use of latest technology. A great reduction has been effected in the role of the public sector.  Efforts have been made to encourage foreign investment. Investment decision by companies has been facilitated by ending restrictions imposed ... Read more

Current Science & Technology developments in India

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

29-30.04.18 (CGPCS) Chhattisgarh Current Affairs

CHHATTISGARH 38 items filed in c’garh with investment worth rs 2,483 cr in 2017   A total of 38 Industrial Entrepreneurs Memorandum (IEM) were filed in Chhattisgarh with total investment of Rs 2,483 crore as on December 31, 2017.   This was compared to 50 IEMs filed with proposed investment of Rs 11,853 crores during 2016-17, as per the annual report 2017-18 of the Department of Industrial Promotion and Policy (DIPP).   A total of five Industrial Entrepreneurship Memorandum (IEM) (Part B) form were filed by the entrepreneurs for setting up projects and commencement of production in Chhattisgarh involving proposed  ... Read more

06.04.18 (CGPCS) Chhattisgarh Current Affairs

CHHATTISGARH Gram sabhas in 10,971 panchayats from Apr 14   Gram Sabhas will be organised in about 10,971 gram panchayats from April 14, the birth anniversary of  the architect of Indian Constitution Dr Baba Saheb Ambedkar, according to Directorate of Panchayat.   Chief Minister Raman Singh appealed to the citizens of the State to participate in large numbers in the gram sabhas.   He added that it is a part of democracy to participate in the activities of gram panchayats where the concerned representatives give an account of the developmental activities. The people’s suggestions are invited and incorporated in the ... Read more

07.02.18 Chhattisgarh (CGPCS) Current Affairs

CHHATTISGARH Govt not to use panchayat fund for sky   In a major decision, Chhattisgarh Chief Minister announced that the funds granted by 14th Finance Commission for development and welfare of panchayats would not be utilised in the Sanchar Kranti Yojana (SKY) scheme. Chief Minister while interacting with the panchayat representatives affirmed them that for installing mobile towers in rural areas now the state fund would be utilized instead of the panchayat funds.   Notably, the Government has designed the Sanchar Kranti Yojna (CG-SKY) for providing a solution to improve the telecom connectivity in the state of Chhattisgarh by incentivizing ... Read more

Changes in the role of Public sector and Private Sectors

Public sector has played an important role in achieving industrial self reliance. Iron and steel, railway equipment, petroleum, coal and fertilizer industries, have been developed in this sector. These industries were established in industrially backward regions. During the seventh five year plan an emphasis was laid on high technology, high value addition and knowledge based industries like electronics, advanced machine tools and telecommunications. After independence, systematic industrial planning under different five year plans helped in establishing a large number of heavy and medium industries. The main thrust of the industrial policy was to remove regional imbalances and to introduce diversification ... Read more

Planning in India

Planning in India First Plan (1951 – 56) Target Growth : 2.1 % Actual Growth 3.6 % It was based on Harrod-Domar Model. Influx of refugees, severe food shortage & mounting inflation confronted the country at the onset of the first five year Plan. The Plan Focussed on agriculture, price stability, power and transport It was a successful plan primarily because of good harvests in the last two years of the plan. Second Plan (1956 – 61) Target Growth: 4.5% Actual Growth: 4.3% Simple aggregative Harrod Domar Growth Model was again used for overall projections and the strategy of resource ... Read more