Notes and Study material for Exams
Concept Of Social Legislation Legislation is an instrument to control, guide and restrain the behaviour of individuals and groups living in Society. Individuals and groups left in absolute freedom may clash with each other in the pursuit of their self interest at the cost of others.They cause grave harm to society leading to chaos. Legislation … Read more
Policy alternatives Public-Private Sector PARTNERSHIP (PPP) Public-private partnerships between a government agency and private-sector company can be used to finance, build and operate projects, such as public transportation networks, parks and convention centers. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility … Read more
EMPLOYMENT As per Employment-Unemployment Survey (by NSSO) of 2011-12 (latest available), total workforce employed stands at 47.36 crore; with 23.16 crore in agriculture and 24.2 crore in Industry and Services According to the fifth Annual Employment-Unemployment Survey (EUS) conducted between April and December 2015, 83% of the workers in India were self-employed, casual or contract … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> The Directive Principles of the State Policy contained in Part IV (Arts. 36 to 51) of the Constitution of India set out the aims and objectives to be taken up by the States in the governance of the country. This novel feature of the Constitution is … Read more
Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains through Public Distribution System (PDS) and … Read more
Definition: Industrial legalizations are the laws enacted by the Government to provide economic and social Justice to the workers in industries. Generally these laws provide guidelines to the employers/industrialists in dealing with the matters of wages, wage incentives, facilitates for workers and the working conditions of labour. Necessity: Improves industrial relation i.e. employee-employer relations and … Read more
JOB CREATION As outlined in the NITI Aayog’s Action Agenda, India suffers more from the problem of underemployment (i.e. low-productivity, low-wage jobs) than Unemployment as for example: In 2011-12, agriculture engaged nearly 50% of the workforce but contributed 15% to GDP In 2010-11, within manufacturing, small firms employed 72% but output was only … Read more
Tilling the Soil: A Comprehensive Guide to Types of Tillage Tillage, the mechanical manipulation of soil, is a fundamental practice in agriculture. It plays a crucial role in preparing the land for planting, controlling weeds, and managing soil health. However, the type of tillage employed can significantly impact these outcomes, influencing crop yields, soil fertility, … Read more
The Global Minimum Corporate Tax: A New Era of Tax Fairness or a Pyrrhic Victory? The global landscape of corporate taxation is undergoing a seismic shift. In a landmark agreement reached in October 2021, over 130 countries, representing over 90% of global GDP, committed to implementing a global minimum corporate tax rate of 15%. This … Read more
Fair and Remunerative Price A fair and remunerative price (FRP) is a price that is fair to both the producer and the consumer. It is a price that allows the producer to make a profit and the consumer to afford the product. The FRP is determined by a number of factors, including the cost of … Read more