Organizations & Their Survey/Reports

Organizations & Their Survey/Reports 1. World Economic & Social Survey U. N 2. World Investment Report UNCTAD 3. Global Competitiveness Report World Economic Forum 4. World Economic Outlook IMF 5. Business Competitive Index World Economic Forum 6. Green Index World Bank 7. Business Confidence Index NCAER 8. Poverty Ratio Planning Commission 9. Economic Survey Ministry … Read more Organizations & Their Survey/Reports

Financial Inclusion

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 … Read more Financial Inclusion

Role of Commercial Banks

Role of Commercial Banks A Commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting … Read more Role of Commercial Banks

INDIAN PUBLIC FINANCE

Indian Public Finance Value Added Tax Under the constitution the States have the exclusive power to tax sales and purchases of goods other than newspapers There are however defects of sales tax It is regressive in nature. Families with low income a larger proportion of their income as sales tax. Has a cascading effect – … Read more INDIAN PUBLIC FINANCE

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 PUBLIC FINANCE

TAX REFORMS IN INDIA

Tax Reforms in India Sience 1990 ie the liberalization of Indian economy saw the beginning of Taxation reforms in the nation. The taxation system in the nation has been subjected to consistent and comprehensive reform. Following factors arise the need for tax reforms in India:- Tax resources must be maximized for increased social sector investment in … Read more TAX REFORMS IN INDIA

BUDGETING

Budgeting Budgeting is the process of estimating the availability of resources and then allocating them to various activities of an organization according to a pre-determined priority. In most cases, approval of a budget also means the approval to various spending units to utilize the allocated resources. Budgeting plays a criucial role in the socio-economic development … Read more BUDGETING

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 Drain Theory

Industrial Transition in India

  The process of industrial transition divided into: industrial growth during the 19th century and industrial progress during the 20th century Industrial growth during the 19th century Decline of indigenous industries and the rise of large scale modern industries 1850-55: first cotton mill, first jute mill and the first coal mine established. Railway also introduced. … Read more Industrial Transition in India

India under the British Rule

  The economic consequences of the British rule can be studied under three heads: Decline of Indian Handicrafts and progressive ruralisation of the Indian economy Growth of the new land system and the commercialisation of Indian agriculture Process of industrial transition of India Decline of Handicrafts While India was an exporter of Handicrafts before the … Read more India under the British Rule

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