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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

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
  • ...4 more annotations...
  • 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.
Sophie Masse

TODAYonline | World | France's pension reform becomes law - 0 views

  • raises the retirement age has been signed into law by President Nicolas Sarkozy
  • 70 per cent of French people disapproved of the pension
  • eight times since early September
  • ...1 more annotation...
  • fuel shortages
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.
  • ...9 more annotations...
  • 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
Sophie Masse

French retirement age change to 62 becomes law | World news | guardian.co.uk - 0 views

  • retirement at 60 was a cornerstone of France's social security system
  • French people are living longer
  • 62 became law in France
  • ...1 more annotation...
  • want to claim full pension benefits must now wait until age 67 instead of 65.
Sophie Masse

French Students Should Celebrate Pension Reform - Francois Melese - Mises Daily - 0 views

  • fear job losses
  • if older workers are forced to postpone retirement.
  • France faces limited options. It could postpone retirement; reduce benefits; raise taxes; increase workers (liberalize immigration); or increase productivity and grow the economy.
  • ...10 more annotations...
  • this would delay a young person's entry into the labor force
  • If an older worker is forced to work an extra couple of years
  • youth unemployment already absurdly high
  • over 20 percent
  • young people need to realize they will live longer
  • reduce benefits.
  • greater job opportunities
  • signals the world that France is committed to more stable and responsible fiscal
  • launch new companies
  • business formation and job creation
Yasmin Tandon

Aid Needs Help - By Raymond Offenheiser | Foreign Policy - 1 views

  • confused and conflicting responsibilities, mandates and authorities, with no clear goals, and no shared vision.
  • very real costs for U.S. foreign policy and the world's poor.
  • El Salvador,
  • ...16 more annotations...
  • responsibility for U.S. aid is shared between 11 different government agencies, each with different agendas and sometimes conflicting priorities.
  • Kenya,
  • United States procures its own HIV/AIDS test kits a
  • AIDS drugs at four times the cost other donors pay
  • Bangladesh
  • United States collects several times the amount in tariffs than it provides in development assistance, essentially taxing the very trade U.S. leaders tout as the solution to poverty
  • Cambodia, government officials typically find it easier to get information on aid resources from the Chinese government than from the U.S. government
  • Afghanistan -
  • civilian surge
  • humanitarian aid efforts has been promised -- two separate USAID contractors recently discovered by chance they were doing virtually the same project, in the same town.
  • 2 billion people -
  • trapped in poverty poses a singular challenge to the interests and values of the United State
  • What's This?TranslateWhat's This?Return
  • But his. government is still trying to address this 21st-century challenge with a 20th-century toolkit.
  • Previous attempts to reform the aid system have only complicated the situation.
  • The Foreign Assistance Act of 1961 integrates 140 different goals and priorities and 400 directives, and is executed by at least 12 departments, 25 different agencies, and almost 60 government offices. Moreover, successive presidents and congresses have often chosen to work around the act, enacting more than 20 additional pieces of legislation to achieve their foreign-aid goals. As a result, the existing system's mission has become muddled and confused, cluttered with earmarks, special coordinators, and loopholes.
Mash M

Economic reform in Malaysia: Out with the new | The Economist - 0 views

  •  
    PM on NEP issue.
Anjan Narain

Euthanasia and the Law in the United States of America - 0 views

  • The US has a spotted history of law reform on voluntary euthanasia and physician-assisted dying
  • Oregon was the first state to pass a Death With Dignity (DWD) Act which it did in 1994 after a Citizen Initiated Referendum.  However, this law was not finally implemented until 27 October 1997
  • allow people who are terminally and/or hopelessly ill to ask their doctors for lethal medication. Patients must make two verbal requests and one written request that is fully witnessed. Two doctors must agree on the patient’s ‘diagnosis, prognosis and the patient's capability’.
  • ...1 more annotation...
  • The Oregon and Washington laws explicitly prohibit euthanasia, which is defined as involving someone other than the patient administering the medication
Sophie Masse

Retraites : les vrais effets de la réforme - Attac France - 0 views

  • niveau des pensions baissera et pénalisera les salariés
  • inégalités ne seront pas réduites mais aggravées
  • les femmes perçoivent une retraite qui ne représente en moyenne que 62 % de celle des hommes en incluant les dispositifs de solidarité et 53 % sans ces derniers
Sophie Masse

Réforme des retraites : Injustice et inégalités - Luttes sociales - - Nout Zournal OnZeWéb - Projet de réforme présenté par le gouvernement - Journal quotidien d'information ile de La Reunion Ocean Indien - 0 views

  • la réforme va d’abord toucher ceux qui gagnent le moins et va aggraver un apartheid social
  • le nombre de personnes au minimum vieillesse va augmenter.
  • 346,3 138,1 596,7
  • ...2 more annotations...
  • 614,44 404,53 1871,54
  • Injustice et inégalités
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.
  • ...1 more annotation...
  • The India Economic Policy is adopted so far has given rich dividends.
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