4th January – Editorials/Opinions Analyses
Contents Fast-Forward: Vision 2020 for Development Rival territorial claims by ethnic groups can derail potential gains of Naga Accord Economic slowdown: Time to act fast Data Drive: Limping towards Sustainable Development Goals FAST-FORWARD: VISION 2020 FOR DEVELOPMENT Some years become landmarks in the history of countries because they are attached with important events that take […]
Investment models in Planning
Models Used in the Planning Process Harrod – Domar Growth Model Mahalanobis Strategy of Economic Growth Planning Model Adopted in India Infrastructure Investment Models Public-Private Partnership (PPP) in Infrastructure EPC MODEL Swiss Challenge Model Hybrid Annuity Model Models of Foreign Investment Foreign Direct Investment Foreign Institutional Investors Harrod – Domar Growth Model Harrod and Domar […]
Current Affairs for UPSC IAS Exam – 4 January 2020
Contents: U.S. Kills top Iranian General in Air Strike Protests against Citizenship Amendment Act Krishnapatnam Port Fallouts for India due to U.S. Air Strike on Iran U.S. KILLS TOP IRANIAN GENERAL IN AIR STRIKE Why in News? The U.S. killed Iranian Major General Qassem Soleimani, head of the elite Quds Force, in an air strike […]
Purchasing Managers Index
The Purchasing Managers’ Index (PMI) is an indicator of economic health for manufacturing and service sectors. For India, the PMI Data is published by Japanese firm Nikkei but compiled and constructed by Markit Economics. Purchasing Managers Index India’s manufacturing conditions improved in June at the strongest pace in 2018 so far. For India, the PMI […]
RBI’s Autonomy
What’s the issue? The Reserve Bank of India (RBI) and the government give the impression that they are not on the same page even as far as an understanding of their roles is concerned. The RBI suggests that its independence is being violated while the government rationalises its intervention in terms of its concern for […]
IIP (Index of Industrial Production)
IIP is a short term indicator of industrial growth till the results from Annual Survey of Industries (ASI) and National Accounts Statistics (Eg: GDP) are available. The base year of the index is given a value of 100. So, if the current IIP reads 180, it means that there has been 80% industrial growth compared to the […]
Measuring Inflation in India (CPI/WPI)
Rate of inflation It is the rate of change of general price level which is measured as follows: Rate of inflation(year X)= price level(year X)- price level(year X-1)/ PL(year X-1)* 100 It is measured on the basis of price indices WPI CPI GDP deflator A price index is a weighted average of the prices of […]
Concept of Business cycle
Business cycle For the Quality of Life to improve, a conscious public policy which spends in areas like food, nutrition, health, education, shelter, social security, etc is required. But for such expenditures and investments, the economy needs equitable level of income, too! The income enhancement and development is dependent on growth prospects I.e real GNP. […]
Effects of Inflation
On creditors and debtors Redistributes wealth from creditors to debtors Lenders suffer and borrowers benefit Opposite happens when inflation falls(deflation) On lending Institutions feel the pressure of higher lending as real interest rate is less than nominal rate. On aggregate demand Indicates comparatively lower supply and aggregate demand rises Higher purchasing power Suggests producers […]
Inflation related concepts
Full Employment Level: Full employment is an economic situation in which all the available resources of the economy are fully utilised, and there exists no further scope of improvement in the economy. The Full employment level represents that economy is operating at its maximum potential. The level of unemployment is minimum, the prices in the economy […]