Economy

Financial inclusion has been recognised as a key building block which will form the foundation for achieving several of UN’s Sustainable Development Goals.  As a construct, it provides much more than access to financial services.  In a country like India, till a few years ago, a bank account was a source of pride.  If properly … Read more

Open market operations is the sale and purchase of securities, bills and bonds of government as well as private financial institutions by the Central Bank. This is one of the qualitative too available with the central bank to deal with inflation and money supply in the economy. Functioning:  If the central bank sells these instruments, … Read more

Inflation is the general increase in the price level. This increase in the price level reduce the purchasing power and the disposable income. This decrease hurts the poor most. There are various ways to control inflation. Some of them are as follows:   Credit Control: Central bank (RBI in India) can control the money flow … Read more

GDP includes the final value of all goods and services. It is a benchmark tool which is used to gauge the direction and overall wealth of the economy. For example India is 6th largest economy but it is one of the poorest country more than 22% of the people are living in abject poverty. The … Read more

Higher education has to be taken to next level to make India a knowledge economy. But quality of HE is an issue and that need quick redressal. The  major steps that can be taken to transform Higher education are: Implementation: Implementation of reforms as pointed out by TSR Subramanian Committee. Autonomy: Reforming or replacing UGC, … Read more

Government: The Indian Government utilizes numerous techniques to ascertain how people areresponding to government action, as well as ideas for policy augmentation. Healthcare: Big data analytics plays a vital role in improving services and tackling some of theforemost challenges in the healthcare sector, especially in terms of patient profile analysis,genomic analysis, public health monitoring, diagnosis … Read more

Quite often the funds allocated for tribal welfare are not spent or are spent without correspondingresults and sometimes funds are even misappropriated. The watch dog of tribal interests, Tribal AdvisoryCouncil has not functioned effectively. Administrative personnel are either ill trained or prejudiced against tribals. A major handicap from which tribals suffer is denial of justice, … Read more

With increase in the average expectancy age , the issue of elderly population will arise in the near future. The economy has to look into to take care of the elderly population. But there are some issues attached with ageing population: Lack of uniform and accessible pension system. Premium rates are different and there are … Read more

Minimum wages is the minimum wage to be given to workers as per rule and law. The non payment or below payment of wages attract Penalty and sanctions. As per the International Labour Organisation India wage report one in every three wage workers in India is not protected by the minimum wage act. As per … Read more

It is a dedicated fund set up by Ministry of Finance,in 2013, for implementation of initiatives aimed atenhancing the safety and security for women inthe country. It is a non-lapsable corpus fund.Ministry of Women and Child Development is thenodal Ministry to appraise schemes under NirbhayaFund and also to review and monitor the progressof sanctioned Schemes … Read more