IMPACT OF NEW ECONOMIC POLICY

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 Liberalization, Privatization and Globalization (LPG) to meet a grave economic crisis; characterized by unprecedented adverse balance of … Read more

Social And Economic Conditions Under Colonial Period With Special Reference To Social Practices Of Beth

 , Begar and Reet Social conditions Indian society underwent many changes after the British came to India. In the 19th century, certain social practices like female infanticide, child marriage, sati, polygamy and a rigid caste system became more prevalent. These practices were against human dignity and values. Women were discriminated against at all stages … Read more

Socio Economic System Jajmani System

 Socio Economic System: The Jajmani system and its bearing on traditional society Caste system has a stronger hold in rural areas than the cities. The traditions, customs and rules of behaviour differ from caste to caste. The members of each caste have to follow their hereditary occupation. Although the different castes are socially segregated, … 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 to encourage modernisation, … Read more

DMPQ: Evaluate the pro and cons of decentralized economic planning.

Pros Economic planning is assumed to modify the restraining influence of limited resources by recogniz­ing the existence of particular constraints and by choosing and coordinating investment projects so as to channel these scarce factors into their most productive outlets. Planning is necessary to take care of the poor and the downtrodden who have little asset … Read more

DMPQ: Economic survey suggested that India’s growth decoupled with the world growth? What is this decoupling and what are the reasons for it?( Economic survey)

Decoupling means Decline in the growth rate of India when world was facing positive growth rate. The Reasons for this decoupling can be attributed to Domestic reasons and the long term effect of balance sheet syndrome.   Reasons are: Demonetisation exercise lead to negative growth rate. Problems in new Indirect tax reform GST. Twin balance … Read more

DMPQ: Tax reforms are the major part of the economic programme. Discuss the reforms taken in the direct taxes and indirect taxes in India.( Economy)

Since the beginnings of the last decade as a part of the economic reforms programme, the taxation system in the country has been subjected to consistent and comprehensive programme.  Indian government over the years have introduced tax reforms from time to time.     Direct tax reforms: Reduction and rationalisation of rates- there are only … Read more