Globalsisation and its Impact on India
Globalisation refers to the increasing interconnectedness and interdependence of countries and their economies marked by free trade, and the free flow of capital among countries. Globalization provides easy access to foreign resources, including labour markets, to maximize returns and benefit the common good. The capital moved between two or more places, commodities were traded across…
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Amount of Ex-gratia Payable for Bank Pensioners/family pensioners from November 2022
In terms of clause 13 of the 9th Joint Note between IBA & Officer’s Association and clause 36 of the 12th Bipartite Settlement between IBA and Workmen Union, states regarding the payment of Ex-gratia for pensioners/family pensioners, who became eligible to draw a pension on or before 31.10.2022 including those who retired on 31.10.2022. Ex…
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Globalisation and its advocacy by economists
The term Globalization is used to refer to ideas, knowledge, information, goods, and services moving from one part of the world to another. In an economic context globalisation is a term used to describe integrated economies marked by free trade, the free flow of capital among countries, and easy access to foreign resources, including labor…
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Concept of Social Sector & Social Infrastructure
The social sector is generally defined as a sector dealing with social and economic activities carried out by the Government and Non-Government organizations to help society on a non-profit or not-for-profit basis. The social sector is important in India and includes several important components such as education, health and medical care, drinking water and sanitation,…
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Infrastructure and economic development in India
India’s journey towards becoming a developed nation by 2047 pivots significantly on improving its infrastructure, a foundation for development, and liveable, climate-resilient, and inclusive cities that drive economic growth. The infrastructure development of a country is assessed on economic infrastructure development that is the development of various sectors like Energy, Power, Telecom, and Transport (Railways,…
Recent Government Initiatives in MSME sector
(MSME samadhaan, Atmanirbhar Bharat package, Make in India, Start-up India, Stand-up India, Zed certificate, Udyam Assist platform, RAMPS, Mudra Loan, PMEGP, TReDS, ECLGS, etc.) Micro, small, and medium enterprises (MSMEs) are often known as the backbone of the Indian economy which contributes 29% to the GDP of India. The sector is responsible for around 50%…
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