Who constitute Schedule Tribes? Article 366 (25) defined scheduled tribes as “such tribes or tribal communities or parts of or groups within such tribes or tribal communities as are deemed under Article 342 to be Scheduled Tribes for the purposes of this constitution”. The President may, with respect to any State or Union territory, and […]
Monetary policy refers to the use of monetary instruments under the control of central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This […]
There are different forms and methods of economic integration including FTA, Custom Union CEPA and CECA. Economic integration between two or more countries promotes free trade. There are two effects of economic integration. The positive effects of economic integration for a country takes place through “trade creation” while the adverse effects take place through “trade […]
National Rural Employment Guarantee Act 2005 First proposed by in 1991 by P.V. Narasimha Rao, National Rural Employment Guarantee Act 2005 was passed on 23 August 2005 under the UPA government led by Prime Minister Dr. Manmohan Singh. This was later renamed as the “Mahatma Gandhi National Rural Employment Guarantee Act” (MGNREGA). After being passed in Indian parliament, […]
According to a report (by Orios Venture Partners) titled ‘The Indian Tech Unicorn Report 2021’ revealed that 46 unicorns (companies with $1 billion valuations) were added in the list of unicorns in 2021 alone, more than doubling the total number of unicorns to 90. These include ShareChat, Cred, Meesho, Nazara, Moglix, MPL, Grofers (now Blinkit), […]
The Finance Ministry of every country prepares and presents its budget for each new Fiscal Year. A budget is an annual account of a Government’s estimated or projected receipts and expenditure. Government’s finance is called ‘Public Finance’ in economic literature. Government’s receipts are called ‘Public Revenue’ and Government’s expenditure is called ‘Public Expenditure’. A Fiscal […]
Finance minister Nirmala Sitharaman presented the Union Budget 2022, the fourth budget of Modi 2.0 on February o1, 2022 Economy Capex target expanded by 35.4 per cent — from Rs 5.54 lakh crore to Rs 7.50 lakh crore. FY23 effective capex seen at Rs 10.7 lakh crore India’s growth highest among all major economies; […]
India started its journey for growth and development as a planned economy. The efforts for planning in India started even before independence. When India became free, it formally adopted Five year Plans for the development of Indian economy. The first Prime Minister of India Pd. Jawaharlal Nehru is known as “father of Planning” in India […]
For second year running, the Economic Survey was written under the cloud of the Covid-19 pandemic. These have been difficult times for the world economy. It is not just about the immediate disruptions and uncertainty caused by repeated waves of the pandemic, but also the longer-term uncertainty about the post-Covid world due to accelerated shifts […]
