Economy

The tax-to-GDP ratio is the ratio of tax collected compared to national gross domestic product (GDP). In a simpler language, it would be Tax contribution towards GDP.Some countries aim to increase the tax-to-GDP ratio by a certain percentage to address deficiencies in their budgets. In states where tax revenue has gone up significantly in comparison … Read more

The Indian peninsula juts 1,980 km into the Indian Ocean with 50% of the Indian Ocean basin lying within a 1500 km radius of India, a reality that has strategic implications. Between the Gulf of Aden and Malacca Strait, is seen as India’s sphere of influence. India is one of very few countries in the … Read more

Contract Farming is an agreement between farmers and cooperative firms for the supply and production of agriculture goods, under predefined agreements and price.  As per noted agriculture is booming for a very long time, but nowadays farmers are facing a new problem of accessing the market and fully achieving profitability. Contact farming will bring following … Read more

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

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

There are 3 methods to calculate the National income.These methods are given by Simon Kuznets. PM (Product Method) or Product service method. IM (Income Method) CM (Consumption Method) or expenditure method. In India the combination of Product method and Income methods is used for calculating the National Income.   PRODUCT METHOD: NI = GDP  – income earned in … Read more

The Government proposed to launch amega pension Yojana namely ‘PradhanMantri Shram-Yogi Maandhan’ for theunorganised sector workers with monthlyincome up to Rs 15,000. As per Finance ministry half ofIndia’s GDP comes from the sweatand toil of 42 crore workers in theunorganised sector working asstreet vendors, rickshaw pullers,construction workers, rag pickers,agricultural workers, beedi workers,handloom, leather and in … Read more

Financial inclusion involves the availability of sustainable, useful financial products and services for all business and individuals, regardless of company size or individual net worth. It makes financial services such as banking, insurance, equity, etc. available equally to all, without discrimination. Universal access to banking facilities for all households across the country through a bank … Read more

  Make in India : This programme was launched on 25th September which aims at making India a global hub for manufacturing, research and innovation and integral part of the global chain. The GoI has identified 10 ‘Champion sectors’ that have potential to become global champion, drive double digit growth in manufacturing and generate significant … Read more