Government of India adopted mixed economy strategy after the independence from British Colonialism. A mixed economy is a system which comprehend the blending elements of market economies with the elements of planned economies with the hint of free market with state intervene such as with private enterprise and public enterprise. […]
Indian economy at the time of Independence was in crucial state. This situation occurred due to the British Colonialism. After independence the Government changed plan for economic growth. The area of attention was shifted from agriculture to industry. The growth of public enterprise generate employment and reduce poverty. In 1991, […]
Evolution and development of the local self Government has long history. The notion of direct democracy in janapada and mahajanapadas, that said to be precursor of panchayati Raj Institutions in Post – independence India. The idea of local self – Government (LSG) was also extended to the urban areas, thereby […]
What Are Property Rights? Property rights define the theoretical and legal ownership of resources and how they can be used. These resources can be both tangible or intangible and can […]
The forest is a peculiar organism of unlimited kindness and benevolence that makes no demands for its sustenance and extends generously the products of its life activity; it affords protection to all beings, offering shade even to the axe-man who destroys it. – Gautama Buddha Today , let’s feel the […]
India’s transport sector is large and diverse; it caters to the needs of 1.1 billion people. In 2007, the sector contributed about 5.5 percent to the nation’s GDP, with road transportation contributing the lion’s share. Good physical connectivity in the urban and rural areas is essential for economic growth. Since […]
Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Globalization is driven by the convergence of political, cultural and economic systems that ultimately promote — […]
What is Free trade policy? Free trade policy refers to a trade policy without any tariffs , quantitative restrictions and other devices obstructing the trade of goods between countries .. According to Adam Smith, The policy of free trade is a system of commercial policy which draws no distinction between […]
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