Economy Booster

 JOB CREATION   As outlined in the NITI Aayog’s Action Agenda, India suffers more from the problem of underemployment (i.e. low-productivity, low-wage jobs) than unemployment as for example: In 2011-12, agriculture engaged nearly 50% of the workforce but contributed 15% to GDP In 2010-11, within manufacturing, small firms employed 72% but output was … Read more

 Free and Compulsory primary education The Indian Constitution is a social document and the supreme law of the land. The founding fathers of the Constitution have incorporated a well designed constitutional manifesto under Part-IV of the Constitution to achieve socio-economic Justice. The Directive Principles of State Policy are principles of good governance. Education … Read more

 Regional imbalances and income inequalitiies in India: Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, health care facilities etc. Income inequality is the unequal … Read more

 Repo and reverse repo transactions The repurchase agreement (repo or RP) and the reverse repo agreement (RRP) are key tools used by many large financial institutions, banks, and some businesses. These short-term agreements provide temporary lending opportunities that help to fund ongoing operations. The Federal Reserve also uses the repo and reverse repo … Read more

 Problems of Agricultural Labour Agricultural labourers who are mostly landless and form a significant section of rural society mainly depend on wage employment in agriculture. Majority of them belong to scheduled castes and scheduled tribes and among the worst exploited section of society.  Unlike the industrial worker who are well organised agricultural labourers … Read more

 District Planning Committee and planning The institution of District Planning Committee as envisaged in the 73rd Constitution Amendment Act (73rd CAA) is the realisation of consistent and conscious effort towards decentralised planning since the process of planned development began in the country. The desire for decentralised planning was first expressed way back in … Read more

 Non-banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds hire-purchase insurance business or chit business but does not include any institution whose … Read more

 vocational and technical education in india Technical and Vocational Education plays a vital role in human resource development of the country by creating skilled manpower, enhancing industrial productivity and improving the quality of life. The term Technical Education and Vocational Training are sometimes used synonymously. However, as per present practice, the term TE … Read more

 Public Private partnership for inclusive growth Public private partnerships have become increasingly popular in government policy. Especially in the domain of international cooperation and development aid, an increasing part of the budget is spent on public private partnerships. The expectation is that this will enhance the efficiency of public good provisioning, improve local … Read more

 Export Promotion Government of India has liberalized the schemes for export oriented units and export processing Zones. Agriculture, Horticulture, poultry, fisheries and dairies have been included in the export oriented units. Export processing zones have been allowed to export through trading and star trading houses and can have equipment on lease. These units … Read more