US President Donald Trump, like many of his impulsive decisions scrapped the Iran nuclear deal on May 08. Trump has called it the “worst deal ever negotiated” and wanted Britain, France and Germany — co-signatories, along with Russia, China and the European Union — to toughen up its terms. In announcing his decision , Trump […]
The government of India and World Bank signed (May 31) a $500 million (Rs 3,375 crore) loan agreement to provide additional funding to flagship Pradhan Mantri Gram Sadak Yojana (PMGAY). The objective of the PMGAY is to provide good all-weather road connectivity to unconnected villages. Under the scheme, the government aims to build 7,000 kms of […]
Green Revolution The term “Green Revolution” was first used in a March 8, 1968, speech by the administrator of the U.S. Agency for International Development (USAID), William S. Gaud, who noted the spread of the new technologies. After the recommendation of a study team of the Ford Foundation, a technological package programme called the “Green Revolution” was adopted in […]
Janata Plan Janata Plan was adopted in 1977 by the Janata Party after J.P movement and defeat of Congress party in the General Elections. The Janata Party was an amalgam of Indian political parties opposed to the State of Emergency that was imposed between 1975 and 1977 by the Government of India under the Prime […]
National Planning Committee Rudimentary economic planning, deriving from the sovereign authority of the state, was first initiated in India in 1938 by Congress President and Indian National Army supreme leader Netaji Subhash Chandra Bose, who had been persuaded by Meghnad Saha to set up a National Planning Committee. M. Visvesvaraya had been elected head of […]
Multilateral institutions refer to global institutions relating to finance, trade and investment. In the post second world war period the international trade payments and exchange rate system was in doubt and shambles on one hand on the other hand the devastation of infrastructure caused by the two wars needed post war reconstruction and development. Due […]
The ministry of statistics and programme implementation (Mospi) is often in the news for all the wrong reasons. It is criticized for the poor quality of data, gaps in the data or delays in the release of data. However, several initiatives are progressively putting the database of the Indian economy on a much firmer footing […]
A person who is in the age group of working population (15-60 years), is called unemployed if s/he does not get work, despite offering himself in the labour market for work on existing wage rate. There are various sub categories of unemployed people such as underemployed, seasonally unemployed and disguisedly employed. If a person voluntarily […]
India, according to Census 2011, estimates its workforce at 402 million. According to the labour ministry, as of 2016, India’s labour market comprises more than 475 million people. Of this, it is estimated that less than 10% are in formal employment.The inability to create formal economy jobs haunted the United Progressive Alliance government and is […]
CSS Editorial: It is one of the finest articles on subsidy issue in the WTO related to India for a logical understanding of India’s stand in the WTO; really very beneficial for students! Few things symbolise the WTO’s failure as evocatively as the developing world’s fight over food subsidies does. This has stalled various trade […]