The Story of Village Palampur

The Story of Village Palampur                                                Production is the process of converting raw material into useful things.   Aim of production is to produce goods and services that we want.   Factors of Production                                                                                        Main Activity in the village Palampur   Farming is the main activity in the village Palampur. 75% people are dependent on this activity to earn their livelihood. Land area under cultivation is fixed and it is the basic constraint in raising farm production.   Crops grown in the village Palampur   Rainy Season –  …

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Human Capital Formation in India

Human Capital Formation in India                                                Human capitalis the stock of competencies,knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.   Sources of Human Capital   Investment in education and health On- the- job training Migration Information about the markets   Physical Capital v/s Human Capital   Physical Capital Human Capital Tangible and can be easily sold in the market. Intangible and is not sold in the market; but its services do. Completely mobile between countries. Not perfectly mobile between countries. Separable from…

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Rural Development

                                              Rural Development Rural Development   Rural development focuses on action for the development of areas that are lagging behind in the overall development of the village economy.     Theypossess few assets. Theyreside in kutcha hutments. Manydo not get to have even two meals a day. Starvation,hunger, malnutrition and ill health Lackbasic literacy and skills Unstable employment   Credit and Marketing in Rural Areas    Rural banking: A critical appraisal   Achievements Increasein both farm and non-farm incomes, output and employment Increasein agricultural production   Chapter – 6 Rural Development       Limitations Highlevel of overdue by the farmers Highloan defaults     Agricultural Market System Agricultural Marketing is the process of assembling, storage, processing, transportation, packaging, grading and distribution of agricultural commodities across the country.     Defects in Agricultural Marketing prior to Independence   Malpracticesin markets like manipulations of weights and measures Lackof market information regarding past and current prices Inadequatestorage capacity Largenumber of middlemen Lackof standardization and grading     Measures to Overcome Defects   Regulationof markets Provisionof physical infrastructure facilities Promotionof cooperative marketing Useof policy instruments by government like MSP, maintenance of buffer stock and distribution of food grains and sugar through PDS.     Diversification into Productive Activities     Diversificationof crop production.   Chapter – 6 Rural Development   Shiftof the workforce from agriculture to other allied activities like live stock, poultry, fisheries etc.   Information Technology (IT) is fast emerging as a viable alternative…

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Indian Economy 1950 – 1990

Indian Economy 1950 – 1990      Indian Economy 1950 – 1990           Economic System refers to an organised way in which a state or nation allocates its resources and apportions goods and services to the national community. Different types of Economic System   Capitalism Socialism Mixed   Questions that every Economy has to answer   What to produce How to produce For whom to produce   Planning Commission   Set up – 1950. Chairman – Prime Minister. Architect – Mahalanobis. First five year plan was started in 1951. Eleventh five year…

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Rural Development

Rural Development     Rural development focuses on action for the development of areas that are lagging behind in the overall development of the village economy.   Theypossess few assets. Theyreside in kutcha hutments. Manydo not get to have even two meals a day. Starvation,hunger, malnutrition and ill health Lackbasic literacy and skills Unstableemployment   Credit and Marketing in Rural Areas  Rural banking: A critical appraisal   Achievements Increasein both farm and non-farm incomes, output and employment Increasein agricultural production   Chapter – 6 Rural Development Limitations Highlevel of overdue by the farmers Highloan defaults Agricultural Market System Agricultural Marketing is the process of assembling, storage, processing, transportation, packaging, grading and distribution of agricultural commodities across the country.     Defects in Agricultural Marketing prior to Independence   Malpracticesin markets like manipulations of weights and measures Lackof market information regarding past and current prices Inadequatestorage capacity Largenumber of middlemen Lackof standardization and grading     Measures to Overcome Defects   Regulationof markets Provisionof physical infrastructure facilities Promotionof cooperative marketing Useof policy instruments by government like MSP, maintenance of buffer stock and distribution of food grains and sugar through PDS.     Diversification into Productive Activities     Diversificationof crop production.   Chapter – 6 Rural Development   Shiftof the workforce from agriculture to other allied activities like live stock, poultry, fisheries etc.   Information Technology (IT) is fast emerging as a viable alternative livelihood option.   Organic Farming refers to the system of farming that restores, maintains and enhances ecological balance. The environmental pollution caused y conventional agriculture   Perfect Competition Introduction to Statistics Indian Economy on the Eve of Independence Development Global Supply Chain Case study Poverty as a Challenge Consumer Rights Introduction to Statistics…

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Liberalisation, Privatisation and Globalisation : An Appraisal

Liberalisation, Privatisation and Globalisation : An Appraisal Liberalisation, Privatisation and Globalisation : An Appraisal                                                                                          Regulations for Industries before New Economic Policy   Licencing Private sector was not allowed in many industries. Price fixation for selected industrial products.   New Economic policy   Creating more competent environment. Includes stabilisation measures and structural reform measures. Initiation of Liberalisation, Privatisation and Globalisation.   Measures introduced in Liberalisation   Measures introduced in Privatisation   Government companies can be converted into Private companies with certain conditions. Given the autonomy to PSU’s to take…

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Theory of Consumer Behaviour

Theory of Consumer Behavior     Journal Entries for issue and redemption of Debentures Collection of Data Human Capital Formation in India Indian Economy on the Eve of Independence Depreciation, Provisions and Reserves Practice Paper – 2 Air asia India seeks fleet exemption to fly abroad PRIVATE, PUBLIC AND GLOBAL ENTERPRISES E-Commerce-The scope and Challenges People as Resource Poverty as a Challenge Depreciation, Provisions and Reserves Practice Paper – 1

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Human Capital Formation in India

Human Capital Formation in India                                                Human capital is the stock of competencies,knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.   Sources of Human Capital   Investment in education and health On- the- job training Migration Information about the markets   Physical Capital v/s Human Capital   Physical Capital Human Capital Tangible and can be easily sold in the market. Intangible and is not sold in the market; but its services do. Completely mobile between countries. Not perfectly mobile between countries. Separable from…

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Collection of Data

                                         Collection of Data                                                Collection of data is the process of gathering data.   Sources of Collection of Data Survey is a method of gathering information from individuals.   Precautions while drafting a questionnaire Limited Number or Questions Simple Proper Order of the Questions No Undesirable Questions Non-Controversial Pre-Testing Pilot Survey Clear Instructions Cross verification Request for Return   Population or the Universe in statistics means totality of the items…

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Indian Economy on the Eve of Independence

Indian Economy on the Eve of Independence                                                Characteristics of Indian Economy before Colonial rule   India had an independent Economy. Agriculture was the main source of livelihood of most of the people. Known for its handicraft industries in the fields of Cotton and silk textiles, metal and precious stone works etc. Reputation in the market for fine quality of material produced. Standard of craftsmanship seen in all imports from India.   Concerns of Policies introduced in India during Colonial rule   Protection and promotion of the economic interests of…

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