Four types of economic plannings
We may observe 4 types of economic planning by the Governments of different parts of the world. They are Planning by Direction and Inducement, Physical and Financial Planning, Imperative and Indicative Planning, Fixed & Rolling Plans, and Decentralized and Centralized Planning These economic systems practiced through economic planning can be classified as Traditional Economies, command…
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RBI relaxes norms for margin for derivative contracts and maintenance of Non-resident deposits and accounts
RBI has recently issued two notifications. The first notification is about Margin for Derivative Contracts and the second notification is on an amendment to Master Instructions issued on the maintenance of deposits and accounts under the Foreign Exchange Management Act, 1999. The first Direction dated May 8, 2024, shall apply to Authorised Dealer Category-I (AD…
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Introduction to microeconomics and macroeconomics
Economists may define the subject of economics in several ways considering different aspects of the economy. In simple words, economics is fundamentally about managing scarce resources in the most satisfactory manner possible. It includes studying how societies use limited resources to satisfy unlimited wants and needs. Economics is classified into two significant parts: (i) Microeconomics…
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Priority sector lending target and sub-target norms explained
Priority sector lending is lending to those sectors of the economy that may not otherwise receive timely and adequate credit. These sectors of the economy are identified by the Government of India and the Reserve Bank of India which consider them as important for the development of the basic needs of the country and are…
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Issues facing Indian Economy: Poverty allevation,jobless growth, rising inequalities,migration and so on.
(This post elucidates Poverty Alleviation, Jobless growth, Rising Inequalities, Migration and excessive pressure on resources, possible remedies, and Pandemic situations) Poverty has many dimensions, but its causes include unemployment, social exclusion, and the high vulnerability of certain populations to disasters, diseases, and other phenomena that prevent them from being productive. Poverty Alleviation is the set…
What are 17 Sustainable Development Goals (SDGs) adapted by UN?
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity. The Global Goals are a set of 17 commitments made by 193 world…
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