Economy

Urban spheres of influence and rural urban fringe

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Urban spheres of influence and rural urban fringe Urban spheres of influence Urban spheres of influence reflect centre-to-hinterland relationship, compared with the non-central region, the centre assumes more complex economic functions, and provides more economic activities. Famous theoretical contributions to this research field are the Central Place Theory (Christaller, 1933), the extension to the Central … Read more Urban spheres of influence and rural urban fringe

Quality of life, life expectancy, literacy, standard of living and migration in India

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Quality of life, life expectancy, literacy, standard of living and migration in India Human development—a comprehensive approach Human development is a process of enlarging people’s choices. But human development is also the objective, so it is both a process and an outcome. Human development implies that people must influence the processes that shape their lives. … Read more Quality of life, life expectancy, literacy, standard of living and migration in India

Railway,Roades And Ports of India

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Railway,Roades And Ports of India Impact on The Indian economy The Indian Railways contributes to India’s economic development, accounting for about one per cent of the GNP and the backbone of freight needs of the core sector. It accounts for six per cent of the total employment in the organised sector directly and an additional … Read more Railway,Roades And Ports of India

Reasonable restrictions on fundamental rights and right to property

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Reasonable restrictions on fundamental rights and right to property Fundamental Rights are the basic rights of the people and the charter of rights contained in Part III of Constitution of India. It guarantees civil liberties such that all Indians can lead their lives in peace and harmony as citizens of India. These include individual rights … Read more Reasonable restrictions on fundamental rights and right to property

Concept of Money Supply and High Powered Money:-For RAS/RTS Exams

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Money supply is the entire stock of currency and other liquid instruments in a country’s economy as of a particular time. The money supply can include cash, coins and balances held in checking and savings accounts. Money Supply can be estimated as narrow or broad money. There are four measures of money supply in India … Read more Concept of Money Supply and High Powered Money:-For RAS/RTS Exams

Role and Functions of Reserve Bank of India for Ras /Rts Mains and ras/rts Prelims Examination

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Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more Role and Functions of Reserve Bank of India for Ras /Rts Mains and ras/rts Prelims Examination

Inflation & Control Mechanism

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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 Inflation & Control Mechanism

Monetary Policies

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Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:-  Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price stability Employment … Read more Monetary Policies

Economic Growth, Development & Planning 

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  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 Economic Growth, Development & Planning 

Indian Economy in global Scenario

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  The global macroeconomic landscape is currently chartering a rough and uncertain terrain characterized by weak growth of world output. The situation has been exacerbated by; (i) declining prices of a number of commodities, with reduction in crude oil prices being the most visible of them, (ii) turbulent fnancial markets (more so equity markets), and … Read more Indian Economy in global Scenario