The constitution (73rd and 74th) Amendment Acts, 1992 and Article 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every state government is required to constitute, once in five years, a Finance Commission under articles 243 (I) and entrust it … Read more Sources of Income of State Government
INTRODUCTION Among several features of globalization, one relates to increasing interactions among nations and removal of barriers to facilitate movement of goods, capital, labour and technology. It is a process that renders various activities and aspiration worldwide in scope or application. As a part of this process of increasing integration of the world, many countries … Read more India’s Foreign Trade – Volume, Composition and Direction
Public-Private Sector Partnership (PPP) Public-private partnerships between a government agency and private-sector company can be used to finance, build and operate projects, such as public transportation networks, parks and convention centers. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility in the first place. … Read more PPP Model of Economic Development
Soil fertility refers to the ability of a soil to sustain agricultural plant growth, i.e. to provide plant habitat and result in sustained and consistent yields of high quality. A fertile soil has the following properties:- It is rich in nutrients necessary for basic plant nourishment. This includes nitrogen, phosphorus and potassium. It consists of adequate minerals such as boron, … Read more Soil fertility
Urban Indian economy after 1858 During this period, the Indian economy essentially remained stagnant, growing at the same rate (1.2%) as the population. India also experienced deindustrialization during this period. Compared to the Mughal era, India during the British colonial era had a lower per-capita income, a large decline in the secondary sector, and lower … Read more Characteristics of Indian Economy : Before and After Independence
MNREGA and community power structure Several rural development programmes were initiated in India during 1950s and 1960s. These programmes, popularly known as community development programmes, regarded rural people as beneficiaries but not participants in the development process. They were centrally designed and were implemented by extension agents using a top-down mode of decision-making. Those agents … Read more MNREGA and community power structure
Social Welfare Programmes of India Social Welfare sector is responsible for the welfare, rehabilitation and development of the Persons with Disabilities, the Social Deviants, and the Other Disadvantaged who require special attention of the State because of the disabilities and vulnerabilities they suffer from. While there is no information about the size of the population … Read more Schemes for Rural and Social Development – Welfare and Developmental Programmes
Issues related to Role of women in Economic and Social Development in India India has experienced rapid growth and development in the past years in many spheres. Gender equity is not one of them. This is deplorable considering the important role played by women in the socio-economic growth of the country. The Indian development model … Read more Issues related to Role of women in Economic and Social Development in India.
Issues of Direct and Indirect Subsidy for farm sector and other social sectors. Subsidy is one of the powerful fiscal instruments, besides taxes and others, by which the objective of growth and social justice may be achieved. Subsidies alter relative prices and budget constraints and thereby affect decisions concerning production, consumption and allocation … Read more National Farm Subsidies and Minimum Support prices etc.
The term Sustainable growth became prominent after the World Conservation Strategy Presented in 1980 by the International Union for the Conservation of Nature and Natural Resources. Brundland Report(1987) define sustainable development as the a process which seek to meet the needs and aspirations of the present generation without compromising the ability of the future generation … Read more Sustainable development and Inclusive growth