Economy Archives

Food Security & Public Distribution System(PDS)

WHO Defines Food security to exists when all people, at all times, have physical, social and economic access to sufficient, safe and nutritious food which meets their dietary needs and food preferences for an active and healthy life. Food security has three interlinked contents such as :- Availability of food, Access to food and absorption of food. Food … Read more

Indian Economy in global Scenario

The global macroeconomic landscape is currently chartering a rough and uncertain terrain characterized by weak growth of world output. The situation has been exacerbated by; (i) declining prices of a number of commodities, with reduction in crude oil prices being the most visible of them, (ii) turbulent fnancial markets (more so equity markets), and … Read more

Land reforms

In rural India, land is the single most important productive asset owned by the people

Why are land reforms needed?

Odisha Public Finance and fiscal Policy

Odisha Public Finance and fiscal Policy Basic Understanding of Public Finance Public finance as a concept may be understood on two levels – as a practical activity of all components of public administration and As a theoretical area. The term “public finance“ may be defined as the identification of specific financial relationships and functions running between public … Read more

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

20.01.18 Orrisa(OPSC) Current Affairs

ODISHA · Odisha government signs tripartite agreement for soft skill programmes in ITIs ð A tripartite memorandum of understanding (MoU) was signed on Friday for implementation of soft skill programme to the Industrial Training Institutes (ITIs) trainees in the state. ð The agreement was signed between Odisha Skill Development Authority (OSDA), Tata STRIVE, a unit of Tata Community Initiatives Trust (TCIT) … Read more

Concept of Developing, Emerging and Developed countries.

In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more

Subsidies or Cash Transfers?

Economy Notes

Contents

India under the British Rule. 2

Inflation in India. 6

Monetary Policy of India. 6

Money Market. 13

12 Finance Commission of India

The Twelfth Finance Commission was appointed under the chairmanship of C. Rangarajan on November 1, 2002 to make recommendations regarding the distribution between the Union and the States of net proceeds of shareable taxes, the principles which should govern the grants- in-aid of the revenues of States from the Consolidated Fund of India and … Read more