Finance Commission

Under the Constitution the financial Resources of the State are very limited though they have to do many works of social uplift under directive principles. In order to cope with their ever-expanding needs, the Central Government makes grants-in-aid to the States. Grant- in-aid to States , through it Central Government exercises a strict control over … Read more

Comptroller and Auditor General of India

The Comptroller and Auditor General (CAG) promotes accountability, transparency and Good Governance through high quality Auditing and accounting.The Comptroller and auditor general (CAG) of India is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside. The Comptroller and Auditor General of India (CAG) … Read more

Election Commission of India

The Election Commission of India is an autonomous, quasi-judiciary constitutional body of India.It was established on 25 January 1950 under ARTICLE 324 of the Constitution of India. Originally the commission had only a Chief Election Commissioner. The commission presently consists of a Chief Election Commissioner and two Election Commissioners, appointed by the president. The President … Read more

Evolution of Varna, Jathi/caste system

Caste ,Class & Occupation The caste system is a Classification of people into four hierarchically ranked castes called varnas. They are classified according to occupation and determine access to wealth, power, and privilege. The Brahmans, usually priests and scholars, are at the top. Next are the Kshatriyas, or political rulers and soldiers. They are followed … Read more

Role of Public Sector enterprises in India’s industrialization in post reforms period; Disinvestment and Privatisation of Pubiic Enterprises

Public sector has played an important role in achieving industrial self reliance. Iron and steel, railway equipment, petroleum, coal and fertilizer industries, have been developed in this sector. These industries were established in industrially backward regions. During the seventh five year plan an emphasis was laid on high technology, high value addition and knowledge based … Read more

Problems of SMEs

MSMEs not only play crucial role in providing large EMPLOYMENT opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of NATIONAL INCOME and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes … Read more

Industrial development and Economic reforms in India : Major changes in industrial policy, its impact on industrial growth

The Indian Government had undertaken Industrial Policy reforms since 1980, but the most radical reforms have occurred since 1991, after the severe economic crisis in fiscal year 1990-91. These reforms mainly aim  at enhancing the efficiency and international competitiveness in Foreign Direct Investment (FDI) forms an integral part of the Industrial Policy. FDI helps in … Read more

Agricultural sector reforms and its impact on growth; issues of subsidies and public investment on agriculture, reforms and agrarian crisis

Indian agriculture is the Mainstay of Indian economy.Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share.Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc … Read more

rural banking impact on rural credit:sources and problems of rural credit, institutional credit,SHG, micro finance, NABARD, RRBs

68.84% of the Population in India is rural based and majority of them depends on agriculture for a living. Enhanced and stable Growth of the agriculture sector is important as it plays a vital role not only in generating purchasing power among the rural population by creating on-farm and off-farm EMPLOYMENT opportunities but also through … Read more