Compound Interest

Compound Interest   Let Principal = P, Rate = R% per annum, Time = n   When interest is compound Annually:    Amount = P 1 + R n 100 When interest is compounded Half-yearly:     Amount = P 1 + (R/2) 2n 100 When interest is compounded Quarterly:     Amount = P 1 … Read more

Information and communication technology

Information and communication technology We are in a digital era. It is difficult to think of any event in our daily life that is not using Information and Communication Technology. Our schools and classrooms are no exceptions. This course is meant for introducing you with these technologies with the intension that you meaningfully integrate technology … Read more

Economic reforms in india

Economic reforms in india New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order … Read more

Financial and Banking sector reforms

The Banking System at the time of independence was largely urban oriented and remained out of reach of rural population. Commercial Banks mostly confined their lending to trade, commerce and industry and treated agriculture as a non priority. Security- oriented lending was the order of the day. Banks did not pay any attention to the … Read more

Infrastructural development and issues

Advance Infrastructure Good quality infrastructure is critical to sustainable growth, especially for rural areas. As over 60 per cent of the population lives in rural areas, with low levels of per capital income, there is need to impart greater attention in improving rural infrastructure. Currently the rural infrastructure is inadequate to support over 600,000 villages. … Read more

Regional Imbalances and Migration

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 distribution of … Read more

Urban issues, Urban development (social and economic infrastructure) and Housing for Low Income Groups. 

  Urban issues, Urban development (social and economic infrastructure) and Housing for Low Income Groups.    Urbanization is the growth in population residing in urban areas, due to both growth in population of current residents and net migration into urban areas. It also encompasses a transformation of the erstwhile rural areas into ‘urban’ areas through … Read more

Issues of Direct and Indirect Subsidy for farm sector and other social sectors. 

  Issues of Direct and Indirect Subsidy for farm sector and other social sectors.  Subsidy is one of the powerful fiscal instruments, besides taxes and others, by which the objective of growth and social justice may be achieved.   Subsidies alter relative prices and budget constraints and thereby affect decisions concerning production, consumption and allocation … Read more