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Horizon of Indian Economy

General Knowledge for Competitive Exams

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How to withdraw money from provident fund without consent of employer?

May 10, 2017
Usually 12% of Basic Salary is being deducted from employee’s monthly salary and the same amount is being paid by the company. The main objective of EPF deduction from employee’s salary is to provide financial security to employees at the time of retirement. Ministry of Labour renders the interest at the rate 7% to 9% annual on the EPF amount.

White Revolution in India

Dec 21, 2016
White Revolution is associated with a sharp increase in the milk production. The White Revolution in India, also known as Operation Flood was launched in 1970s to make India self dependent in milk production. Dr Verghese Kurien is known as the father of The White Revolution in India. Currently India is the world’s largest milk producer.

List of Trade Unions of India

Sep 20, 2016
Trade Unions in India are registered and file annual returns under the Trade Union Act (1926). Statistics on Trade Unions are collected annually by the Labour Bureau of the Ministry of Labour, Government of India. Congress associated, the Indian National Trade Union Congress (INTUC) is assumed as the biggest of the seven central trade unions, with a membership of 33.3 million.

Top Crops Producing States of India

Jul 21, 2016
It is known to everyone that agriculture is the backbone of Indian economy. It provides direct employment to 53% population of the country. Currently it is contributing 14% of Indian GDP. In this article we provided the status of Indian states in terms of different crops produced by them.

Sources of Power Generation in India

Jul 11, 2016
The Overall generation in the country has been increased from 1048.673 during 2014-15 to 1107.386 BU* during the year 2015-16. The Category wise generation performance is as follows:- Thermal Increased by 7.45 %, Hydro Reduced by 6.09 %, Nuclear Increased by 3.63 %. Overall leader of electricity generation in India is thermal power (68%) of total power generation in India.

Salient Features of Indian Economy

Jul 5, 2016
Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.

Public Sectors in Indian Economy: Objectives, Importance, Performance and Problems

Nov 25, 2015
In India, a public sector company is that company in which the Union Government or State Government or any Territorial Government owns a share of 51 % or more. Currently there are just three sectors left reserved only for the government i.e. Railways, Atomic energy and explosive material.

NABARD: Functions, Roles & Achievements

Nov 24, 2015
National Bank for Agriculture and Rural Development (NABARD) was established on July 12, 1982 with the paid up capital of Rs. 100 cr. by 50: 50 contribution of government of India and Reserve bank of India.        

Land Reforms in India after Independence: Purposes and Features

Nov 20, 2015
Land reforms programmes in India includes: Abolition of Intermediaries, Tenancy reforms, consolidation of holdings and determination of holdings per family and to distribute surplus land among landless peoples.

Industrial Growth and Policy before Liberalisation

Nov 20, 2015
After independence the first industrial policy was declared on the April 6, 1948 by then union industry minister Shyama Prasad Mukherjee. This policy established a base for mixed and controlled economy in India.    

Indian Service Sector: An Introduction

Nov 20, 2015
Service sector deals with the production of intangible goods like transportation, hotel & restaurants, real estate, arts, entertainment  health & insurance services, education and telecom services etc. This sector contributes nearly 60 % of the Indian GDP.

High-Yielding Variety Seeds: Definition, Advantages and Role in Green Revolution of India

Nov 20, 2015
High Yielding Variety Seeds (HYV seeds) are seeds are of better quality than normal quality seeds. These seeds are a better option of seeds in order to obtain a healthy and surplus crop. These seeds have good immune system to fight with insects and other diseases.  

Global Poverty Scenario

Nov 20, 2015
An international monetary threshold under which an individual is considered to be living in poverty is; if an individual’s earnings are less than one dollar/ day.  It is calculated by taking the poverty threshold from each country.  

Targeted Public Distribution System in India: History, Features and Criticism

Nov 20, 2015
The Public Distribution System (PDS) evolved as a system of management of scarcity and for distribution of food grains at affordable prices to BPL families. Government of India re-launched the Targeted Public Distribution System (TPDS) in June, 1997.    

Problems of Agricultural Labour in India

Nov 6, 2015
As we are aware that near about 53% population of India is engaged in agricultural activities. Here, the condition of the farmers and agricultural labourers depend on the intensity of monsoon. Hence they are living an insecure and underprivileged life and earning just Rs. 150/day along with full uncertainty.  

Policies for Agricultural and Rural Development: An Overview

Nov 6, 2015
To motivate the farmers for more food grain production, union government has launched policy of Minimum Support Price (MSP) since 1966-67. This policy ensures minimum price to farmers for each crop. On the other hand, Government launched the Mahatma Gandhi Rural Employment Guarantee Act (MGNREGA), Public Distribution System (PDS) for rural poor.  

Public Distribution System in India: Objectives, Flaws in the Food Security System

Nov 6, 2015
The public distribution system means the system of management of food economy and distribution of food grains at affordable price through Ration shops. This scheme provides staple food grains, such as wheat rice, sugar & kerosene to BPL families.

Importance of Agriculture in Indian Economy

Nov 6, 2015
As we know that India is an agricultural economy. Its 55% population is involved by agricultural activities and it contributes around 14% of the Indian GDP. Agriculture is the prime contributor in ensuring the food security to 1.26 billion population of the country.    

Overview of Agricultural Labour

Nov 6, 2015
Agriculture labourer can be defined as the involvement of any person in connection with cultivating the soil, or in connection with raising or harvesting any agricultural or horticultural commodity, management of livestock, bees, poultry etc.  

Indian Agro-Production and Pesticides

Nov 6, 2015
Pesticide is defined as any substance or 'mixture of substances, intended for preventing, destroying or controlling any pest including vectors of human or animal diseases, unwanted species of plants and animals. Pesticides are classified according to their use and kinds of applications as insecticides, fungicides, herbicides and, other pesticides.  
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