Inflation & Control Mechanism

Inflation is a sustained increase in the general price level of goods and Services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the Percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more

Indian Economic Reforms

Economic Reforms In India New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order … Read more

Land Reforms in India

Here is a list of subtopics on Land Reforms in India: Abolition of intermediaries Tenancy Reforms Ceiling on landholdings Consolidation of holdings Land reforms in different states Impact of land reforms Challenges of land reforms Future of land reforms I hope this is helpful! Let me know if you have any other questions. Land reforms … 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

Salient Features of the Indian Constitution

Salient Features of the Indian Constitution: A Blueprint for a Sovereign, Socialist, Secular, and Democratic Republic The Indian Constitution, adopted on November 26, 1949, is a monumental document that lays the foundation for a modern, democratic nation. It is the longest written constitution in the world, encompassing a vast array of principles, provisions, and procedures … Read more

Devolution of Power and Finances up to local levels and Challenges therein.

Sources of Funds The Amendments left important matters such as implementation, service delivery (including local capacity building) and transfer of responsibilities and powers to rural local bodies at the discretion of the state legislatures. Consequently, while expenditure responsibilities of local bodies are extensively enhanced, there is no law to ensure a corresponding assignment of funds … Read more

Decentralization

Delegation The active process of entrustment of a part of work or responsibility and authority to another and the creation of accountability for performance is known as delegation. Thus, there are three Elements of delegation as follows- Assignment of Responsibility: This is also known as entrustment of duties. Duties can be divided into two parts: … Read more

Economic Consolidation

Economic Consolidation: A Vital Path to Stability and Growth Economic consolidation, a term often used in the context of fiscal policy, refers to the process of reducing government budget deficits and debt levels. It involves a combination of measures aimed at increasing government revenue and/or decreasing government spending. While often perceived as a painful process, … Read more

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