Notes and Study material for Exams
Unleashing the Potential: A Deep Dive into LPG Reforms and Their Impact The Liquefied Petroleum Gas (LPG) sector, a vital energy source for millions globally, has been undergoing a period of significant transformation. Driven by factors like environmental concerns, energy security, and technological advancements, LPG reforms are reshaping the industry landscape. This article delves into … Read more
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
The 1991 Economic Reforms: A Turning Point for India The year 1991 marked a pivotal moment in India’s economic history. Facing a severe balance of payments crisis and a stagnant economy, the country embarked on a series of radical economic reforms that fundamentally transformed its economic landscape. These reforms, collectively known as the “1991 Economic … Read more
The Washington Consensus: A Neoliberal Blueprint for Development? The Washington Consensus, a term coined in the early 1990s, refers to a set of ten economic policy recommendations that emerged from the International Monetary Fund (IMF), the World Bank, and the US Treasury Department. These recommendations, largely based on neoliberal principles, aimed to guide developing countries … Read more
IMPACT OF NEW ECONOMIC POLICY India’s post-independence development strategy showed all the signs of stagnation, but the economy started showing the sign of recovery in the early nineties when the government adopted the new economic model known as INFRASTRUCTURE, into a modern developed economy. New Economic Policy 1991 India opened up the economy in the … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> 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 … Read more
INFRASTRUCTURE of the country. DISADVANTAGES OF PRIVATIZATION Privatization in spite of the numerous benefits it provides to the state owned enterprises, there is the other side to it as well. Here are the prominent disadvantages of privatization: • Private sector focuses more on profit maximization and less on social objectives unlike public sector that initiates socially viable adjustments in case of … Read more
The 1991 Balance of Payments Crisis in India: A Tale of Structural Flaws and Economic Reform The year 1991 marked a watershed moment in India’s economic history. The country, once known for its socialist policies and self-reliance, found itself teetering on the brink of a financial meltdown. A severe Balance of Payments (BoP) crisis, triggered … Read more
The following are the subtopics of LPG Reforms: Pricing Reforms: These reforms aim to make the prices of petroleum products more market-based. This will help to reduce subsidies and improve efficiency in the oil and gas sector. Distribution Reforms: These reforms aim to improve the efficiency of the petroleum products distribution system. This will help … Read more
The Narasimham Committee – II: Reshaping India’s Financial Landscape The Indian financial sector, in the early 1990s, was characterized by a complex web of regulations, inefficient institutions, and a lack of competition. This stifled innovation, limited access to credit, and hampered economic growth. Recognizing the need for a radical overhaul, the Indian government appointed the … Read more