Importance of Science & Technology as an engine for national development- Industrial development & Urbanization

Importance of Science & Technology as an engine for national development- Industrial development & Urbanization Professor Freeman J. Dyson, of Institute of Advanced Studies, Princeton, in his book “Infinite in all Directions,” had this to say about Technology: “Technology is a gift of God. After the gift of Life, it is perhaps the greatest of … Read more

MONETARY POLICIES

Monetary Policies Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price … Read more

Agricultural sector reforms and its impact on growth; issues of subsidies and public investment on agriculture, reforms and agrarian crisis

Indian Agriculture is the Mainstay of Indian Economy.Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share.Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc … Read more

Financial inclusion

Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Government of India has launched an innovative scheme of Jan Dhan Yojna for Financial Inclusion to provide the financial … Read more

Recruitment of Civil Service

Civil service refers to the body of government officials who are employed in civil occupations that are neither political nor judicial. The concept of civil service was prevalent in India from ancient times. The Mauryan administration employed civil servants in the name of adhyakshas and rajukas. The examination for civil servants in those days too … Read more

National Population Policy

India was the first nation to launched a family planning programme in 1952. Though the birth rate started decreasing, it was accompanied by a sharp decrease in death rate, leading to an overall increase in population.The early concept of population policy covered both mortality and fertility and did not exclusively focus on fertility. There was … Read more

PUBLIC FINANCE

Public Finance Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more

Financial and Banking sector reforms

The Banking System at the time of independence was largely urban oriented and remained out of reach of rural population. Commercial Banks mostly confined their lending to trade, commerce and industry and treated agriculture as a non priority. Security- oriented lending was the order of the day. Banks did not pay any attention to the … Read more