RAS RAS RAJASTHAN PUBLIC SERVICE COMMISSIONper subordinate mains 2015

Public Economics

Public Economics

Study of economic efficiency, distribution and government economic policy.

Developed out of the original political economy of JS Mill and David Ricardo. It is a very important

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branch of economics because of the foundation it provides for practical policy analysis.

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POVERTY

 

  • Following elements mainly affect the magnitude of the poverty ration
    • The nutrition norm in the base year
    • Price deflator used to update the poverty line
    • Pro rata adjustment in the number of households in different expenditure classes to determine the number of households below and above poverty line.
  • Agricultural wage earners, small and marginal farmers and
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    casual workers engaged in non-agricultural activities constitute the bulk of the rural poor

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Planning in India

Planning in India

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Subsidies or Cash Transfers?

Subsidies or Cash Transfers?

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Economy Notes

Contents

India under the British Rule. 2

Inflation in India. 6

Monetary Policy of India. 6

Money Market. 13

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CPI

The Central Statistics Office (CSO) of the Ministry of Statistics & Programme Implementation announced that the new series of Consumer Price Index(CPI)  numbers for Rural, Urban and Combined (Rural +Urban) on base 2010 (

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January to December)=100 taking all segments of rural and urban population for the month of January, 2011 will be released by the  Central Statistics Office for the States/UTs and all- India on 18th February, 2011.These indices will be available for five major groups namely Food, beverages and tobacco; Fuel and light; Housing; Clothing, bedding and footwear, and Miscellaneous.

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Micro, Small and Medium enterprises

Importance of micro, small and medium enterprises

  • Apart from playing a significant role in meeting national objectives of balanced growth, poverty alleviation and equity
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    promotion, serve as nurseries for corporate enterprises of future.

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Land reforms

  • In rural India, land is the single most important productive asset owned by the people

Why are land reforms needed?

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