Impact of Liberalisation

  The leading economists of the country differ in their opinion about the socioeconomic and ecological consequences of the policy of liberalisation.Liberalization has led to several positive and negative effects on Indian economy and society. Some of the consequences of liberalisation have been briefly described here: 1. Increase in the Direct Foreign Investment: The policy of … Read more Impact of Liberalisation

Impacts of Globalisation:-

Definition of Globalization :- Its a process(not an outcome) characterized by increasing global Interconnections by gradual removal of barriers to trade and investment between nation and higher economic efficiency through competitiveness. Various economic, political, social and cultural effects of globalization are as follows:- Breaking down of national economic barriers International spread of Trade, Financial and … Read more Impacts of Globalisation:-

Role of World Bank, IMF WTO & other Important International Organisations in world 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 Role of World Bank, IMF WTO & other Important International Organisations in world Economy:-

Famous Personalities of Fredom Struggle of India

Keshab Chander Sen :- ? was an Indian Bengali Hindu philosopher and social reformer who attempted to incorporate Christian theology within the framework of Hindu thought.He was born on 19th November 1838 in Kolkata. He was a descendant of the medieval Sena kings of Bengal. ? He was so influenced by the ideas of Brahmo … Read more Famous Personalities of Fredom Struggle of India

Coastal Regulation Zone

 Act of 1991 To regulate development activity on India’s coastline The approach adopted by the first notification was to define the ‘High Tide Line’ and ‘Coastal Regulation Zone’ and thereafter specify the activities permitted and restricted in the vicinity of the CRZ This regulated zone was further divided into four categories (CRZ 1-4) as per permitted … Read more Coastal Regulation Zone

Sustainable Development

Bruntland Report (1983) was the first publication and recognition of the term ‘Sustainable Development’ “meeting the needs of the present generation without compromising the needs of the future generation” Three pillars of sustainable development (Bruntland) Care and respect for People, Planet and Prosperity (Commercial Activities) <hence poverty alleviation, conservation and business development> These three pillars … Read more Sustainable Development

Kyoto Protocol

The Kyoto Protocol has put in place three flexibility mechanisms to reduce emission of Green House Gases. Although the Protocol places maximum responsibility of reducing emissions on the developed countries by committing them to specific emission targets, the three mechanisms are based on the premise that reduction of emissions in any part of the globe … Read more Kyoto Protocol

Inter-governmental action

IPCC UN Conference on Environment and Development (Earth Summit), 1992 Agenda 21 An action plan of UN relating to sustainable development adopted at the Earth Summit, 1992 UNFCCC Kyoto Protocol IPCC 1988 by World Meteorological Organisation and UNEP tasked with reviewing and assessing the most recent scientific, technical and socio-economic information produced worldwide relevant to … Read more Inter-governmental action

Lucknow Pact (1916)

Nationalists saw that their disunity was affecting their cause Two important developments at the Lucknow Session of Congress The two wings of the Congress were again united The Congress and the Muslim League sank their old differences and put up common political demands before the government. INC and ML passed the same resolutions at their … Read more Lucknow Pact (1916)

Rise of National Movement and Indian National Congress

Why did national movement arise? Indian nationalism rose to meet the challenges of foreign domination The British rule and its direct and indirect consequences provided the material and the moral and intellectual conditions for the development of a national movement in India. Clash of interest between the interests of the Indian people with British interests … Read more Rise of National Movement and Indian National Congress