Economy

Causes of Regional Imbalances in India: 1. Historical factors: British regime 2. Geographical factors : Natural factors 3. Failure of planning: Although balanced growth has been accepted as one of the major objectives of economic planning in India, since the second plan on wards, but it did not make much headway achieving this object. 4. … Read more

Decentralized Planning is a type of planning where local organisations and institutions formulate, adopt, execute actions and supervise the plan without interference by the central body. Decentralized planning in the State operated mainly through the following institutions and instruments; Grama Sabha (GS): People’s participation in decentralization was sought to be ensured mainly through meetings of … Read more

USA is a knowledge based economy which is growing at a sustained rate. This type of economy adds more value to its available resources and hence ensure better growth.   Subscribe on YouTube The major concern with India in realising the potential of knowledge base economy are:   Join Our Telegram Channel Lack of adequate … Read more

Gender budgeting entails the dissection of government budget to establish its gender differential impacts and to ensure that gender commitments are translated in to budgetary commitments. Gender Budgeting is a powerful tool for achieving gender mainstreaming so as to ensure that benefits of development reach women as much as men. It was adopted in 2005. … Read more

Steps taken by RBI:   Join Our Telegram Channel Establishment of private Asset Reconstruction Companies (ARCs) Many ARCs have been created, but they have solved only a small portion of the problem, buying up only about 5 percent of total NPAs.   Subscribe on YouTube Strategic debt restructuring scheme: under this creditors could take over … Read more

    Positives Subscribe on YouTube These sector are labour intensive and generate more labour per unit of capital infused. These sector have the potential for broader social transformation. These sector can also play crucial role in export and hence the overall growth. The creation of employment opportunities in these sector is far more inclusive … Read more

the reasons are as follows:   Join Our Telegram Channel Unlike east Asian crisis, Indian economy was on economic growth path with slight interruption. India maintained and followed strong prudential norms in terms of offering of credit. Boom period didn’t become the excuse for reckless loan giving. There were also control over the cooperates to … Read more

Demonetisation  was part of the move to curb corruption. It was one of the step to curb the system of black money. The major reasons for demonetisation were: Subscribe on YouTube   India’s currency to GDP ratio was 12%. The value of the high currency notes also increased after increase in the standard of living. … Read more

Private sector is perceived to be guided by profit maximisation and it was considered to be anti to the objective of independent India. Hence socialism was seen as an alternative to it. This deep rooted notion about private sector is more in India. Following examples are testament to it: Subscribe on YouTube   In civil … Read more

A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor’s ability to pay back debt by making timely principal and interest payments and the likelihood of default. An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, and in some … Read more