NSSO 66th round Employment Survey
Economy
Philosophical basis of governance
Philosophical basis of governance Governance is the exercise of economic, political, and administrative authority to manage a country’s affairs at all levels. It comprises mechanisms, processes, and institutions through which citizens and groups articulate their interests, exercise their legal rights, meet their obligations, and mediate their differences. The challenge for all societies is to create … Read more
Impact of British Rule on Indian economy and society
India’s traditional village economy was characterised by the “blending of agriculture and handicrafts”. But this internal balance of the village economy had been systematically slaughtered by the British Government. In the process, traditional handicraft industries slipped away, from its pre-eminence and its decline started at the turn of the 18th century and proceeded rapidly almost … Read more
15-16.04.18 (MPPCS) Madhya Pradesh Current Affairs
MADHYA PRADESH Anubhuti programme to let students get experience of villages in Madhya Pradesh Madhya Pradesh Chief Minister Shivraj Singh Chouhan said In villages even today one learns to live together in harmony. Hence the state government will start Anubhuti programme in which students will be taken to villages. While addressing the Anubhuti Samvad programme … Read more
Minerals of Madhya Pradesh
Minerals of Madhya Pradesh:- Minerals in Madhya Pradesh occur in abundance in its several districts. In terms of the mineral production the state ranks third next only to Jharkhand and Chhatisgarh. The state of Madhya is said to have a favourable geotectonic setting that accommodates every episode of mineralisation the earth has experienced. It includes … Read more
Indian response to British Rule : Peasant and tribal revolts
Civil Rebellions and Tribal Uprisings The backbone of the rebellions, their mass base and striking power came from the rack-rented peasants, ruined artisans and demobilized soldiers CAUSES The major cause of the civil rebellions was the rapid changes the British introduced in the economy, administration and land revenue system. The revenues were enhanced by increasing … Read more
Role and Functions of Reserve Bank of India
Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more
Unemployment
Nature, types and Problems of Unemployment in India:-Unemployment may be defined as “a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work”. India is one of those ill-fated underdeveloped countries which is suffering from a huge unemployment problem. … Read more
Public Economics
Public Economics
Study of economic efficiency, distribution and government economic policy.
Developed out of the original political economy of JS Mill and David Ricardo. It is a very important branch of economics because of the foundation it provides for practical policy analysis.
Monetary Policies
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price stability Employment … Read more