MPPSC Prelims and Mains Notes, MPPCS Test Series
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
Emergence and Background Beginning of geographical discoveries and direct sea routes opened new avenues of trade and commerce. It formed the bedrock of Industrial revolution as mismatch between demand and supply led to new innovative ways of enhancing production. Second factor was emergence of capitalist ideology. Profit making became the core of all economic activities … Read more
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
Urban spheres of influence and rural urban fringe Urban spheres of influence Urban spheres of influence reflect centre-to-hinterland relationship, compared with the non-central region, the centre assumes more complex economic functions, and provides more economic activities. Famous theoretical contributions to this research field are the Central Place Theory (Christaller, 1933), the extension to the Central … Read more
Railway,Roades And Ports of India Impact on The Indian economy The Indian Railways contributes to India’s economic development, accounting for about one per cent of the GNP and the backbone of freight needs of the core sector. It accounts for six per cent of the total employment in the organised sector directly and an additional … Read more