Disguised unemployment:- when more people are engaged in some activity than the number of persons required for that, this is called disguised unemployment.
OPEC
Budget:- constitutional requirement
vote on account--->temporary budget
and then they have to form next budget
common fund---->consolidated fund
Excise---tax of industries
b/w the states
calculation of inflation?
60% of irrigation depends on the south-west monsoon & just 40% on irrigation.
consumer price index
whole sale price index
how to measure role of technology in economic growth
markets
selling costs
consumer surplus
WIPO--->world intellectual property organization
patent--->
process patent
product patent
Indian national patent office is in Kolkata
perfect competition never existed
cartel
great depression
components of macro economics
aggregate demand, supply
public spending
budgetary
taxation
role of extra spending
depression--->declining investment--->leads to decline in demand
--->decline in employment
stagflation---->stagnation+inflation
monetarists
Govt income
tax revenue
non-tax revenue
deficit financing
ex: 10000 cr. income to govt
15000 cr. spent money
so developing countries print extra money and they pump money so private sectors are attracted to grab money and they invest.
circular flow of money
in india progressive taxation as income increases tax also increases
GDP--->3/5 th is based on consumption expenditure
western countries depends on production expenditure
tax GDP ratio--->10.9%
direct tax: corporate tax (large tax), income tax
exchange, customs duty, devaluation
is it good to circulate our currency outside the country
growth --->growth of national income
compared to last year 4.9% inc in national income of country
VAT--->value added tax
central statistical institution---CSO measures national income
economies---> shadow, black, parallel, phantom underground, black market
estimates equivalent to 40% of country's GDP
demand pull vs cost push inflation
hyper inflation:- hue inc in % of inflation
urban non manual employees
cpi or wpi
60% of our NI comes from services sector
services are not included in whole sale where as included in retailers
OECD---->organization economic co operation & development
fiscal ploicy & monetary ploicy
purchasing power determines the value of currency
monetary authority---> RBI
money market--->RBI (short term funds)
capital market--->SEBI (long term funds)
SEBI---->security exchange board of india
nationalization of banks---> in 1949
1955, 1969, 1980
if more than 50% holds by govt. then the bank is called national bank
nationalized banks--26
pvt. banks--19
foreign banks--32
RRB's--79
co operative banks are controlled by NABARD even though it is called bank it is not a bank, it is just refinancing agriculture.
control methods
CRR--cash reserve ratio
BR
reverse-repo
SLR
by increasing crr interest rate inc and money from economy goes to bank
quantitative credit control methods or selective
fixing margin
credit rations
moral suasion
direct action
if forign banks are present in india transfer money easily with low cost than depositing money directly to indian banks
Global financial crisis---how it effected india ---how india escaped
fiscal ploicy(gvt policies)
taxation policy--direct, indirect
public debt policy
public expenditure policy
budgetary policies---RD, BD, FD, PD
revenue deficit, budgetary deficit
MH370
Globalization, glocalisation 12 th five year plan quality of education & human resources
new economy policy--1991--->
LPG
liberali
privati
globali
structural adjustment loans--->new economic plans
IMF giving loan piece by piece depends on performance
policies--->BOLT
BOOT
BOT
OPEC
Budget:- constitutional requirement
vote on account--->temporary budget
and then they have to form next budget
common fund---->consolidated fund
Excise---tax of industries
b/w the states
calculation of inflation?
60% of irrigation depends on the south-west monsoon & just 40% on irrigation.
consumer price index
whole sale price index
how to measure role of technology in economic growth
markets
selling costs
consumer surplus
WIPO--->world intellectual property organization
patent--->
process patent
product patent
Indian national patent office is in Kolkata
perfect competition never existed
cartel
great depression
components of macro economics
aggregate demand, supply
public spending
budgetary
taxation
role of extra spending
depression--->declining investment--->leads to decline in demand
--->decline in employment
stagflation---->stagnation+inflation
monetarists
Govt income
tax revenue
non-tax revenue
deficit financing
ex: 10000 cr. income to govt
15000 cr. spent money
so developing countries print extra money and they pump money so private sectors are attracted to grab money and they invest.
circular flow of money
in india progressive taxation as income increases tax also increases
GDP--->3/5 th is based on consumption expenditure
western countries depends on production expenditure
tax GDP ratio--->10.9%
direct tax: corporate tax (large tax), income tax
exchange, customs duty, devaluation
is it good to circulate our currency outside the country
growth --->growth of national income
compared to last year 4.9% inc in national income of country
VAT--->value added tax
central statistical institution---CSO measures national income
economies---> shadow, black, parallel, phantom underground, black market
estimates equivalent to 40% of country's GDP
demand pull vs cost push inflation
hyper inflation:- hue inc in % of inflation
urban non manual employees
cpi or wpi
60% of our NI comes from services sector
services are not included in whole sale where as included in retailers
OECD---->organization economic co operation & development
fiscal ploicy & monetary ploicy
purchasing power determines the value of currency
monetary authority---> RBI
money market--->RBI (short term funds)
capital market--->SEBI (long term funds)
SEBI---->security exchange board of india
nationalization of banks---> in 1949
1955, 1969, 1980
if more than 50% holds by govt. then the bank is called national bank
nationalized banks--26
pvt. banks--19
foreign banks--32
RRB's--79
co operative banks are controlled by NABARD even though it is called bank it is not a bank, it is just refinancing agriculture.
control methods
CRR--cash reserve ratio
BR
reverse-repo
SLR
by increasing crr interest rate inc and money from economy goes to bank
quantitative credit control methods or selective
fixing margin
credit rations
moral suasion
direct action
if forign banks are present in india transfer money easily with low cost than depositing money directly to indian banks
Global financial crisis---how it effected india ---how india escaped
fiscal ploicy(gvt policies)
taxation policy--direct, indirect
public debt policy
public expenditure policy
budgetary policies---RD, BD, FD, PD
revenue deficit, budgetary deficit
MH370
Globalization, glocalisation 12 th five year plan quality of education & human resources
new economy policy--1991--->
LPG
liberali
privati
globali
structural adjustment loans--->new economic plans
IMF giving loan piece by piece depends on performance
policies--->BOLT
BOOT
BOT
