NSSO 66th round Employment Survey
Economy
Bihar : Trade and Commerce
Bihar : Trade and Commerce Bihar is located in the eastern part of India. The state enjoys a specific advantage because of its proximity to the vast markets of eastern and northern India, access to ports such as Kolkata and Haldia and to raw material resources and mineral reserves from the neighbouring states. The Gross … Read more
POVERTY
- Following elements mainly affect the magnitude of the poverty ration
- The nutrition norm in the base year
- Price deflator used to update the poverty line
- Pro rata adjustment in the number of households in different expenditure classes to determine the number of households below and above poverty line.
- Agricultural wage earners, small and marginal farmers and casual workers engaged in non-agricultural activities constitute the bulk of the rural poor
BUDGETING
Budgeting Budgeting is the process of estimating the availability of resources and then allocating them to various activities of an organization according to a pre-determined priority. In most cases, approval of a budget also means the approval to various spending units to utilize the allocated resources. Budgeting plays a criucial role in the socio-economic development … Read more
Goods and Services Tax — GST
What is GST?
Goods and Services Tax — GST — is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level.
Economic Terms
Depository Receipt
A depositary receipt (DR) is a type of negotiable (transferable) financial security that is traded on a local stock exchange but represents a security, usually in the form of equity, that is issued by a foreign publicly listed company. The DR, which is a physical certificate, allows investors to hold shares in equity of other countries. One of the most common types of DRs is the American depositary receipt (ADR), which has been offering companies, investors and traders global investment opportunities since the 1920s.
CPI
The Central Statistics Office (CSO) of the Ministry of Statistics & Programme Implementation announced that the new series of Consumer Price Index(CPI) numbers for Rural, Urban and Combined (Rural +Urban) on base 2010 ( January to December)=100 taking all segments of rural and urban population for the month of January, 2011 will be released by the Central Statistics Office for the States/UTs and all- India on 18th February, 2011.These indices will be available for five major groups namely Food, beverages and tobacco; Fuel and light; Housing; Clothing, bedding and footwear, and Miscellaneous.
Railway,Roades And Ports of India
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
Land reforms
- In rural India, land is the single most important productive asset owned by the people
Why are land reforms needed?
Quality of life, life expectancy, literacy, standard of living and migration in India
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