Economy

a) Disinvestment: Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets.The government undertakes disinvestment to reduce the fiscal burden on the exchequer, or to raise money for meeting specific needs, such as to bridge the revenue shortfall from other regular sources. b) … Read more

‘Atmanirbhar Bharat Abhiyan’ (Self-reliant India Movement) was launched on May 12, 2020 with a special economic & comprehensive package of Rs 20 lakh crores which was aimed towards achieving the mission. The Mission focuses on the importance of promoting local products. The mission is also expected to complement “Make in India” initiative which intends to … Read more

India stood 149th in a 2019 list of 193 countries ranked by the percentage of elected women representatives in their national parliaments. In more than six decades till 2014, as women’s share in India’s population remained at 48.5%, the share of women MPs increased eight percentage points to 12.6% between the first (1952) and the … Read more

Growth is inclusive when: It takes place in the sectors in which the poor work (e.g. agriculture); Occurs in places where the poor live (e.g. undeveloped areas with few resources); Uses the factors of production that the poor possess (e.g. unskilled labour); Reduces the prices of consumption items that the poor consume (e.g. food, fuel … Read more

Social Equity Another principle on which labour legislation is based on social equity. Legislation based on social justice fixes a definite standard for adoption for the future, taking into consideration the events and circumstances of the past and the present. Social Justice In an industrial set up, social justice means an equitable distribution of profits … 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.   The major concern with India in realising the potential of knowledge base economy are:   Lack of adequate funds for investing in R&D sector. Our … Read more

The fundamental principles that will guide both the education system at large, as well as the individual institutions within it are: • recognizing, identifying, and fostering the unique capabilities of each student, by sensitizing teachers as well as parents to promote each student’s holistic development in both academic and non-academic spheres; • according the highest … Read more

The process started instantly after Independence, with the setting up of the Industrial Finance Corporation (IFCI) in 1948 to embark on long term term-financing for industries. State Financial Corporations (SFCs) were formed under an Act that came into effect from August 1952 to endorse state-level, small and medium-sized industries with industrial finance. In January 1955, … Read more

Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme was first announced in Budget 2018. The scheme would focus on managing and converting cattle dung and solid waste in farms to compost, biogas and bio-CNG. It wiill help in keeping the village clean while increasing the income of farmers and cattle herders.  Under it, villagers will be … Read more