Notes and Study material for Exams
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
The principal function of planning, especially in a federal system, is to evolve a shared vision of and commitment to the national objectives and development strategy not only in the government at all levels, but also among all other economic agents. NITI Aayog acts as the quintessential platform of the Government of India to bring … Read more
First Plan (1951 – 56) Target Growth : 2.1 % Actual Growth 3.6 % It was based on Harrod-Domar Model. Influx of refugees, severe food shortage & mounting Inflation confronted the country at the onset of the First Five Year Plan. The Plan Focussed on agriculture, price stability, power and transport It was a successful … Read more
The 73rd and 74th Constitutional Amendment Acts, 1992, which gave Constitutional status to Panchayati Raj institutions (PRIs) and Urban Local Bodies (ULBs) respectively, in both letter and spirit in order to bring about greater decentralisation and increase the involvement of the community in planning and implementing schemes and, thus, increase accountability. The Amendments left important … Read more
Regional Imbalances And Income Inequalitiies In India: Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, Health care facilities etc. Income inequality is the unequal distribution of … Read more
Zamindari System (19%) Bengal, Bihar, Banaras, division of NW provinces & northern Carinatic. 90 % of the revenue went to government & 10 % to Zamindar (British) Mahalwari System (30%) Major parts of NW provinces, Central provinces & Punjab. Responsibility of paying … Read more
Economic Growth Economic growth means an increase in Real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is … Read more
The productive capacity of an economy is directly linked to the size of its working – age Population relative to its total population, it is essential to distinguish between the two components when exploring the impact of demographic change on economic performance. Census 2011 data shows the overall Percentage of children in 0-6 year’s … Read more
FUNCTIONS OF MANAGEMENT– DIRECTION (Communication,Supervision,Motivation,Leadership) Directing is concerned with instructing, guiding, supervising and inspiring people in the organisation to achieve its objectives. It is the process of telling people what to do and seeing that they do it in the best possiblemanner. Elements in Directing: The four essential elements in Directing are : … Read more
DECISION MAKING is an essential part of planning. Decision making and problem solving are used in all management functions, although usually they are considered a part of the planning phase. A discussion of the origins of management science leads into one on modeling, the five-step process of management science, and the process of engineering … Read more