Economy

India’s growth period has not been able to create job opportunities and hence sometimes it is termed as jobless growth.  According to a report of CII, 12 million are entering into work force annually. This figure reaches to 18-19 million if we count the people leaving the already saturated agriculture sector. But catch lies in … Read more

On 8th Nov, 2016 86% of the currency in circulation was declared as not legal tenders.   The stated objective of demonetisation was : Subscribe on YouTube Reduction of black money Achieving lower cash/ gdp ration An attack on fake currency To stop terror financing Increasing digital transactions Increasing tax net   Positive effects of  … Read more

Investment – For sustaining high growth, the economy need to continuously add to its “production capacity” through new investment flows. • Productive investment is money that is spent for – building roads, ports (and other public infrastructure), factories, and workforce quality enhancement. • Currently, India is seeing a sharp decline in the rate of investments … Read more

The Insolvency and Bankruptcy Code (IBC) was enacted in 2016 to facilitate a time-bound resolution for ailing and sick firms. It could either be through closure or revival, while protecting the interests of creditors. Under IBC, either the creditor (banks) or the loaner (defaulter) can initiate insolvency proceedings. It is done by submitting a plea … Read more

Rapid agriculture growth and rapid rural employment growth were always the focus of India’s policy makers. But despite the efforts of the Government since independence a large proportion in rural India lives below poverty line. Join Our Telegram Channel Schemes introduced by Government to improve Rural Income: In Agriculture sector following programs have been introduced: … Read more

Commerce ministry has released a consolidated policy for FDI  in 2017. This time they have included start ups in the FDI policy also. The major features of FDI are as follows: With the dilution of FIPB, the power for clearance has been delegated to the administrative departments. The proposal relating to the banking, mining, defence, … Read more

India is mainly a rural country. Nearly 68% of the people reside in the rural area. The reasons for rural poverty are multi dimensional. The reasons are social, economical, geographical.   Subscribe on YouTube Economic cause Low agricultural productivity. Over reliance on agriculture.( quote the data) Unequal distribution of land and other assets Decline of … Read more

In 2005, another expert group to review methodology for  poverty estimation, chaired by Suresh Tendulkar, was constituted by the Planning Commission.  The reason for formulation of committee was : Issues with the adjustment of prices for inflation, both spatially and temporally. Earlier poverty line assumed that health and education would be provided by the state  … Read more

Prime Minister Narendra Modi launched the Make in India initiative on September 25, 2014, with the primary goal of making India a global manufacturing hub, by encouraging both multinational as well as domestic companies to manufacture their products within the country. The initiative aims to raise the contribution of the manufacturing sector to 25% of … Read more