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anouska khambatta

Economy of India - Wikipedia, the free encyclopedia - 1 views

  • The economy of India is the eleventh largest economy in the world
  • India was under social democratic-based policies from 1947 to 1991.
  • Since 1991, continuing economic liberalisation has moved the country toward a market-based economy.
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  • A revival of economic reforms and better economic policy in first decade of the 21st century accelerated India's economic growth rate
  • By 2008, India had established itself as the world's second-fastest growing major economy.
  • However, the year 2009 saw a significant slowdown in India's GDP growth rate to 6.8%[19] as well as the return of a large projected fiscal deficit of 6.8% of GDP which would be among the highest in the world.
  • Goldman Sachs has outlined 10 things that it needs to do in order to achieve its potential and grow 40 times by 2050
  • Improve Governance Raise Educational Achievement Increase Quality and Quantity of Universities Control Inflation Introduce a Credible Fiscal Policy Liberalize Financial Markets Increase Trade with Neighbours Increase Agricultural Productivity Improve Infrastructure Improve Environmental Quality.
  • However the subsequent government policy of fabian socialism hampered the benefits of the economy leading to high fiscal deficits and a worsening current account.
  • ince 1990 India has a free-market economy and emerged as one of the fastest-growing economies in the developing world; during this period, the economy has grown constantly, but with a few major setbacks. This has been accompanied by increases in life expectancy, literacy rates and food security.
  • India is often seen by most economists as a rising economic superpower and is believed to play a major role in the global economy in the 21st century.
  • Policy tended towards protectionism
anouska khambatta

Implementation of New Economic Policy to Indian economy in 1991 | MBA Knowledge Base - 0 views

  • Globalization means flow capital (finance in the form of foreign direct investment (FDI) and foreign portfolio investment (FPI), technology, human resource, goods and service among countries. FDI is investment in real assets like automobile, consumer goods production, service sectors like insurance, telecommunication, air transport etc. Liberalisation means freeing the economic activities and business from unnecessary bureaucratic and other controls imposed by the governments. Privatisation or Disinvestment: Selling the government owned public sector enterprises to private industrialists and opening the government operating sectors for private investment.
  • The Major areas of  New Economic Policy 1991 are Fiscal policy reforms Monetary policy reform Pricing policy reform External policy reform Industrial policy reform Foreign investment policy reform Trade policy reform Public sector policy reform
anouska khambatta

India Economic Policy | Economy Watch - 1 views

  • relaxing its money supply activities
  • would be able to bear fruit provided other advanced economies of world are able to recover from aftereffects of global financial meltdown.
  • adopted an economic policy at India of borrowing.
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  • significant bearing on India’s economic policy
  • only led to increasing of financial deficit.
  • As per his observations, prime lending rates being charged by banks belonging to public sector were a bit higher than what is desirable in present circumstances.
  • economy would be moving towards a single goods and service tax by doing away with differences between rates of service taxes
  • INR 6,600 crores and for excise duties it would be INR 8,500 crores.
  • According to this India economic policy a significant amount of money would be lost as a result of these tax benefits – losses are expected to amount to INR 29,000 crores. Maximum amount of losses to tune of INR 14,000 crores
anouska khambatta

The chief tenets and composition of the Indian Economic Policy - 0 views

  • the government of India initiates various actions including preparing budget, setting interest rates
  • ational ownership, labor market, and several other economic areas where government intervention is required
  • internal factors like political beliefs and policies of the parties etc. that play pivotal roles in determining the economic policy of India
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  • influenced by various international institutions like the World Bank and the International Monetary Fund
  • Five-Year Plans came into existence,
  • Milton Friedman later criticized their policy which concentrates on capital and technology-intensive heavy industry as well as subsidizing manual, low-skill cottage industry at the same time. According to Friedman, it would waste capital and labor and would slow down the growth of small manufacturers.
  • easing restrictions on capacity expansion, reduced corporate taxes and removed price controls
  • These led to enhancement in growth rate, which in turn led to high fiscal deficits and aggravating current account.
  • compelled India to face a major balance-of-payments crisis.
  • Foreign direct investments in a number of sectors started pouring in.
  • domestic and foreign investment import and export trade controls tax structure public and financial activities
anouska khambatta

Ten myths of Indian economic policy - Rediff.com Business - 0 views

  • Higher minimum support prices for foodgrains are good for farmers. Not so.
  • The move to a Goods and Services Tax will reduce the burden of taxation. I hope not! Or the already massive fiscal deficit will soar higher.
  • There is no role for monetary policy when inflation is driven by supply shortfalls. Not quite.
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  • Our labour laws protect labour. Quite the opposite
  • The exchange rate only matters to exporters. This is a common misperception, even among trained economists.
  • Reducing fiscal deficits hurts growth. In the present "stimulated" environment, there is much anxiety that a reduction in the current record high fiscal deficits (over 10 per cent of GDP) will hurt growth.
  • Subsidies on food, fuel and electricity mainly help the poor. Not so. The food subsidy mainly helps better-off farmers and consumers in only four or five states where the public distribution system has effective coverage.
  • Foreign capital inflows are always good for our economy. Twenty years ago, most Indians believed the opposite, that all private foreign capital inflows were bad and somehow designed to impoverish us.
  • Private provision of infrastructure can effectively substitute for government. Private public partnerships (PPPs) are the ruling mantra of the day. Since the government has failed badly in providing adequate power, roads, ports, water, sanitation and so forth, we must turn to PPPs for our deliverance.
  • The trader (or middle man) is at the root of many of our economic problems. This is one of our really hoary and hairy myths. Whenever the rate of inflation rises, governments blame rapacious traders and deploy regulations to control their stocking and other activities.
anouska khambatta

Indian Economic Policies - The Role - 0 views

  • Since 1991 more "new economic policies" or reforms have been introduced.
  • Reforms include currency devaluations and making currency partially convertible, reduced quantitative restrictions on imports, reduced import duties on capital goods, decreases in subsidies, liberalized interest rates, abolition of licenses for most industries, the sale of shares in selected public enterprises, and tax reforms.
  • faster growth rate of the economy
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  • these changes would create more problems than they solved
    • anouska khambatta
       
      This is important as it states that when it changed more problems were to be created.
  • The pace of liberalization increased after 1991
  • In early 1995, official charges of serving adulterated products were made against a KFC outlet in Bangalore, and Pepsi-Cola products were smashed and advertisements defaced in New Delhi. The most serious backlash occurred in Maharashtra in August 1995 when the Bharatiya Janata Party (BJP--Indian People's Party)-led state government halted construction of a US$2.8 million 2,015-megawatt gas-fired electric-power plant being built near Bombay (Mumbai in the Marathi language) by another United States company, Enron Corporation.
    • anouska khambatta
       
      This is a negative point of view. It shows how things were stopped due to policies.
  • Early Policy Developments India
    • anouska khambatta
       
      The first few paragrapghs are about the early years in which the economic policy was being developed.
anouska khambatta

Comprehensive information on India Economic Policy and its chief objectives - 1 views

  • Issues concerning economic policy, impact of the reforms on poverty, sectoral issues relating to agriculture, industry and infrastructure.
  • has cast off its protectionism image and became more liberal.
  • Agriculture. Industry. Licensing policy. Monetary policy. Fiscal policy. Commercial policy. Pricing policy.
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  • The India Economic Policy is adopted so far has given rich dividends.
anouska khambatta

Policy Watch - Existing and Proposed Economic Policy of India | Economy Watch - 0 views

  • After the adoption of the new economic policy in India, the country has reviewed its policies and made it more friendly in almost all the sectors.
anouska khambatta

Highlight Economic Policies - 0 views

  • growing importance of Venture Capital as one of the sources of finance for Indian industry
  • has announced a policy governing the establishment of domestic Venture Capital Funds/Companies.
  • GUIDELINES FOR OVERSEAS VENTURE CAPITAL INVESTMENT IN INDIA
Yasmin Tandon

foreign aid definition of foreign aid in the Free Online Encyclopedia. - 0 views

  • economic, military, technical, and financial assistance given on an international, and usually intergovernmental level.
  • included at least three different objectives
  • rehabilitating the economies of war-devastated countries
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  • strengthening the military defenses of allies and friends of the United States
  • promoting economic growth in underdeveloped areas
  • Aid may be given as a grant, with no repayment obligation, or a loan, and often comes with conditions that require that the recipient nation purchase goods or services with the aid from the donor nation.
  • In Recent Years
  • Although military aid continues to be provided
  • which finances the export of U.S. capital goods and agricultural products
  • Agency for International Development Agency for International Development (AID), federal agency created (Sept., 1961) to consolidate U.S. nonmilitary foreign aid programs. Originally an agency in the State Department, it has been a component part of the U.S...... Click the link for more information.  
  • Export-Import Bank
  • A large proportion of U.S. aid goes to Israel,
  • Egypt, and developing countries
  • U.S. foreign aid amounted to $10 billion (less than 0.6% of the federal budget)
  • gross domestic product (GDP) for foreign aid dropped from 2.75% in 1949 to 0.1%
  • Millennium Challenge aid program,
  • intended to target aid
  • toward poorer nations with good governance and open economies; the program places fewer restrictions on how participating nations use the aid.
  • Many nations in Europe and some in the Middle East and E Asia also have significant aid programs
  • Japan was the world's largest foreign aid donor, followed by United States, France, and Germany. Great Britain
  • 2001, the United States passed Japan as the world's largest donor as a result of Japanese cutbacks in foreign aid
  • 15% of foreign aid is provided by international bodies
  • International Bank for Reconstruction and Development and its affiliates, the International Development Association, and the International Finance Corporation;
  • Food and Agriculture Organization Food and Agriculture Organization (FAO), specialized agency of the United Nations, established in 1945. The organization is governed by a conference composed of the entire membership (189 nations plus the European Union), which meets at least once biennially, and by..... Click the link for more information. .
Yasmin Tandon

EBSCOhost: Obama at UN summit: foreign aid is 'core pillar of American power' - 1 views

  • development and foreign assistance are for the first time elevated to the level of key factors in US national security and economic policy.
  • "core pillar of American power."
  • ountry's multibillion-dollar foreign assistance programs
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  • these programs have lost effectiveness and been marginalized since the end of the cold war.
  • regions in greatest need. I
  • tighter linkage of foreign aid to national security interests.
  • 145 countries attending the Millennium Development Goals Summi
  • new policy would promote global development for the 21st century.
  • focused more on economic growth
  • "democratic governance"
  • He offered food aid as an example of the change.
  • mpower communities to meet their own food needs
  • "That's not development," he said, "that's dependence."
  • "the US must focus its efforts in order to maximize long-term impact."
  • "The United States cannot do all things, do them well, and do them everywhere,"
  • development duties splintered
Dillon Patel

The main cause of global warming | Time for change - 0 views

  • It took more than 20 years to broadly accept that mankind is causing global warming with the emission of greenhouse gases.
  • More than 80% of the world-wide energy demand is currently supplied by the fossil fuels coal, oil or gas.
  • energy demand is simply too high.
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  • Why have warnings about climate change been ignored for more than 20 years?
  • The true cause of global warming is our thoughtless attitude to Nature.
  • Why were ever more scientific evidence demanded to find the coherence of man-made CO2 emissions as cause of global warming? Why wasn't common sense reason enough to act?
  • Why can one still today find people who stick their head in the sand and don't want to understand what's going on in the earth's atmosphere?
  • Why do most people refuse to change their personal behavior voluntary in order to reduce CO2 emissions caused by their activities?
  • The answer to all these questions is a rather simple one:
  • In our technology and scientific minded world, we seem to have forgotten that mankind is only a relatively minor part of Nature. We ignore being part of a larger whole.
  • It's your personal decision whether you want to be the cause of global warming
  • In this context the question is whether global warming and its effects will eventually wake up mankind and spark off a change of paradigm. Will we understand this hint of Nature to follow the true meaning of life or will we continue to let us manipulate by media and advertisement as sheer and willing consumers in the economic cycle? Will we continue to strive for power, prestige and possessions following the concept „the more the better "? Shall economic growth and an ever increasing personal income continue to be the reason for being here, beyond everything else?
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    This website looks very reliable, and it mentions that humans need to realize that it's time for for a change, because global warming is becoming more visible, and scientists have said that global warmings' main cause are humans... With my argument.
Puja DeGamia

Anorexia Nervosa Symptoms, Signs, Causes, Diagnosis and Treatment by MedicineNet.com - 0 views

  • Anorexia nervosa, commonly referred to simply as anorexia, is one type of eating disorder.
  • A person with anorexia often initially begins dieting to lose weight.
  • The individual continues the endless cycle of restrictive eating, often accompanied by other behaviors such as excessive
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  • Approximately 95% of those affected by anorexia are female, but males can develop the disorder as well.
  • anorexia typically begins to manifest itself during early adolescence
  • In the U.S. and other countries with high economic status, it is estimated that about one out of every 100 adolescent girls has the disorder.
  • According to the U.S. National Institute of Mental Health (NIMH), an estimated 0.5%-3.7% of women will suffer from this disorder at some point in their lives.
  • ny experts consider people for whom thinness is especially desirable, or a professional requirement (such as
  • models, dancers, and actors
  • At this time, no definite cause of anorexia nervosa has been determined. However, research within the medical and psychological fields continues to explore possible causes.
Ben Walters

Six Wonderful Things About Games - 0 views

  • Research is mounting that playing games can make you smarter.
  • At the 2009 MI6 conference, he pointed out that games engage the same brain machinery that’s used when one is learning.
  • Is it a coincidence that “nerds” often possess an interest in computer games, as well as have an aptitude for subjects like maths and science?
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  • A huge number of engineers, designers and artists have taken up their careers because of the excitement they gained from their exposure to games. Games challenge the imagination, and designing them is a fun and rewarding experience.
  • Part of this includes challenging kids to design games
  • This hasn’t been lost on the Obama Administration, which is including educational games in a $260mm program
  • It is often said that playing video games improves one’s hand-eye coordination.  This is a very important skill to have outside the realm of video games
  • playing games could help someone become a better surgeon (it does—a lot).
  • games have gotten people excited about learning something new.
  • eople do learn new things they might never have, just by playing these games.
  • Academic research has shown that games can increase the feelings that lead to creativity
  • laying WoW directly intersects with the study of applied mathematics.
  • ophisticated spreadsheets and statistical models to reach their conclusions
  • their first exposure to formal applied mathematics
  • well-researched tables, proofs and statistics.
  • If only my gradeschool teachers had come up with something this engaging to get me interested in in the almost impenetrable world of mathematics!
  • Furthermore, games themselves are becoming an increasingly creative medium
  • video and computer games
  • an be quite influential in fostering creative expression
  • Games even inspire creativity outside of the game
  • games as creative catalysts
  • we’re still at the very beginning of games as a means of artistic and creative expression
  • games provide a venue for expression
  • Furthermore, the study found that teens who are exposed to civics within games (e.g., city-simulators like SimCity, or running a guild/clan in other games) are more likely than other teens to be interested in political and civics activities.
  • players are learning real economics and business skills
  • Such claims have been repeatedly debunked after extensive research,
  • Unlike any other medium, games gets different people from different countries, political views and religions all playing together. Not because they are elite; not because they’re spectators, but because you must work together to solve problems.
  • I’m convinced that the more we play together, the more we’ll learn to live with each other
  • Games are fun, and that’s enough for me. Maybe it isn’t enough for you—or for your friends or for your family. I hope you the information I’ve presented is helpful to you in explaining many of the other positives about games.  Not only are games fun, but they’re also healthy, and can promote positive brain development, career opportunity and social behavior.
Bhavya Puri

Shark: Trade and Environment Database (TED) - 0 views

  • Because of demand for shark meat and for fins used in shark's fin soup, shark have come under heavy pressure from harvesters in North American waters.
  • Many sharks are now being killed. The meat of the shark itself, which can be expensive, is not the part of the animal with the greatest economic value. Half of the shark's value is in the fins which are largely sent to Asia to make shark-fin soup.
  • Shark cartilige, thought to cure cancer, has led to a boom in poruidct sales.
Bhavya Puri

Shark Fin Soup Facts - 0 views

  • But we’re not paying enough attention to what we are taking out of our oceans – sharks – and they’re being killed at the rate of up to 73 million per year.
  • You may not really care much about sharks but our oceans account for about half of the planet’s oxygen supply and sharks play a key role in maintaining the health of the oceans.
  • 73 million sharks a year are being served up to make celebration soup.
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  • If you feel this way, you’re not alone, but it might surprise you to know that although there are more than 350 distinct species of sharks, only a few even bother with humans. The giant Whale Shark doesn’t even have teeth.
  • As of late 2009, the world’s population of sharks had already diminished by 50 to 75%.
  • A North Atlantic population survey reports as much as an 89% decrease.
  • show that for the 181 species of sharks for which they have adequate data, over 64% of those populations are noted as “threatened” or “vulnerable”. Of those, over 21% are categorized as “endangered” or worse. At least one species is already listed as “extinct in the wild.”
  • Sharks are pulled onto fishing boats where their fins are cut off and their bodies are thrown back into the ocean as waste. A large percentage of these animals are still alive and suffocate. Even though less than 5% of the shark is fin, the rest is usually thrown away because of the economics of it. Shark meat must be properly refrigerated and takes up a lot of space on a boat. Fins, however, can be cut off, bundled, and hung to dry in large nets. It is the fin that produces the largest profit by far and can be sold for hundreds of dollars per pound.
Ari Kewalramani

BBC NEWS | South Asia | India sex selection doctor jailed - 0 views

  • Audio and video evidence showed the doctor telling one woman that tests had revealed that she was carrying a "female foetus and it would be taken care of".
  • But convictions are rare due to lax and corrupt officials and the slow judicial system.
  • Earlier this year researchers in India and Canada said in the Lancet journal that prenatal selection and selective abortion was causing the loss of 500,000 girl births a year.
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  • Indian doctors, however, disputed the report saying pre-birth gender checks had waned since a Supreme Court crackdown in 2001.
  • Experts in India say female foeticide is mostly linked to socio-economic factors.
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