Art Forms of Andhra Pradesh

Art Forms of Andhra Pradesh The art refers to the theory and physical expression of creativity found in human societies and cultures from Ancient Time in India. Major constituents of the arts include Literature – including poetry, novels and short stories, and epic poetry; Performing arts – among them music, dance, and theatre; and Visual … Read more

Services

Current Status It is the largest and fastest growing sector globally contributing to the global output and employing more people than any other sector Why has services sector grown? Increase in urbanisation, privatisation and more demand for intermediate and final consumer services Availability of quality services is vital for the well being of the economy … Read more

Universalizing Science and Technology literacy

Universalizing Science and Technology literacy Scientific and technological literacy, in its broadest sense, means much more than simply being able to read, understand and write about science and technology, however important these are. STLalso includes the ability to apply scientific and technological concepts and process skills to the life, work and culture of one’s own … Read more

International financial institutions IMF, World Bank. WTO, their role and impact on Indian economy

The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade. The World Bank was established in December 1945 at the … Read more

Philosophical basis of governance

Philosophical basis of governance Governance is the exercise of economic, political, and administrative authority to manage a country’s affairs at all levels. It comprises mechanisms, processes, and institutions through which citizens and groups articulate their interests, exercise their legal rights, meet their obligations, and mediate their differences. The challenge for all societies is to create … Read more

Balance of payments and Devaluation

Balance of Payments is a systematic record of all economic transactions undertaken by residents of one country i.e. households, firms and the government with their counterparts in rest of the world. It consists of: 1. Current Account, 2. Capital Account and 3. Reserve Account. The Current Account covers transactions in goods and services and transfers … Read more

Pricing of agricultural inputs and outputs.

Agricultural prices cover prices of agricultural products (output prices) and prices of requisites for agricultural production (input prices) at various stages of marketing. The structure of Indian agricultural marketing system consists of: Agricultural Co-operative Marketing Societies; Regulated Markets; Public Trading and Futures Trading. Commission for Agricultural Costs and Prices (CACP)  while recommending the minimum support prices … Read more

Enabling legislations, financial and procedural incentives, and business opportunities for investors

Enabling legislations, financial and procedural incentives, and business opportunities for investors Today, economy of India is the seventh largest in the world by nominal Gross Domestic Product (“GDP”) and third largest by purchasing power parity and the annual growth rate of GDP has been 7.3% from 2011 to 2015. The country is classified as a … Read more

Drain Theory

  Dadabhai Naoroji: ‘Poverty in India’ (1876) He claimed that the drain of wealth and capital from the country which started after 1757 was responsible for absence of development in India. Drain was done through trade, industry and finance Two elements of the drain That arising from the remittances by European officials of their savings, … Read more