Economy

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

02.02.18 Orrisa(OPSC) Current Affairs

ODISHA   Odisha wins Geospatial World Excellence Award 2018   Odisha Government won ‘Geospatial World Excellence Award-2018’ for successful IT application for tracking of mineral production. The award was presented at the Geospatial World Forum Meeting held at Hyderabad, Telangana. The event was attended by more than 3,000 geospatial experts from 90 different countries. i3MS is GPS-linked … Read more

Poverty and Unemployment

Assessment of the growth experience: Poverty and Unemployment

  • Poverty and unemployment are closely related
  • High poverty has a multiplier effect on quality of life, deprivation, malnutrition, illiteracy and low human resource development.

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Odisha Tax and Economic Reforms

Odisha  Tax and Economic Reforms The economic liberalization in India , initiated in 1991, with principles of Liberalization , Privatization and Globalization (LPG) of the country’s economic policies, with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment. Specific changes include a reduction in import tariffs, deregulation … Read more

Banking- Role of Commercial Banks, Issue of NPA, Financial Inclusion

Table of Content:- Role of Commercial Banks Issue of NPA Financial Inclusion 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 … Read more

services sector

Probable questions:

  1. What is the contribution of services sector to India’s economy?
  2. Do you think India is over-tertiarised?

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