Inflation & Control Mechanism

inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more Inflation & Control Mechanism

Indian Agriculture

  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 in … Read more Indian Agriculture

Environment and Ecological Issues

ECOLOGY   Ecology is  defined “as a scientific study of the relationship of the living organisms with each other and with their environment.” The classical texts of the Vedic period such as the Vedas, the Samhitas, the Brahmanas and the Aranyakas-Upanishads contain many references to ecological concepts .The Indian treatise on medicine, the Caraka- Samhita … Read more Environment and Ecological Issues

Non- metallic and conventional minerals [coal,petroleum and natural gas), (c) hydro electricity and non conventional sources of energy (Solar, Wind, bio-gas),(d) energy sources Their distribution and conservation.

  Petroleum, natural gas, coal, nitrogen, uranium and water power are examples of conventional sources of energy. They’re also called non-renewable sources of energy and are mainly fossil fuels, except water power. Rising growth of population has created a tremendous pressure on the conventional resources of energy and thus the concept of sustainable development get prominent … Read more Non- metallic and conventional minerals [coal,petroleum and natural gas), (c) hydro electricity and non conventional sources of energy (Solar, Wind, bio-gas),(d) energy sources Their distribution and conservation.

Sustainable and Inclusive Growth

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 and Inclusive Growth

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:-

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

Exit mobile version