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History of Planning In India
The history of planning in India reflects the country’s journey toward economic development and self-reliance. After gaining independence in 1947, India adopted a planned economic model to overcome poverty, underdevelopment, and inequality. The idea was to use systematic and goal-oriented planning to utilize the nation’s resources efficiently. This led to the formation of a central …
Revolt of 1857
The revolt of 1857 was an attempt to remove the foreign rule in India. The revolutionaries made Bahadur Sah Jafar their leader. The revolt started at Merrut and spread across north India and west India. South India remained unaffected by the revolt. Political Causes Subsidiary Alliance (Wellesely): Nizam of Hyderabad was the first to fall …
European Penetration into India
Arrival of Portuguese 1498: The arrival of Vasco Da Gama at Calicut started a new chapter in the Indian history. They were great naval power but could not invade deep in the Indian Territory. Vasco Da Gama travelled with the swing of Monsoon wind and carried Pepper with him. The trade was quite profitable. The …
P J Nayak Committee
RBI setup this Committee to review the governance of Board of Banks in India. (Published in May 2014) The banking sector in India is dominated by public-sector banks (PSBs) with government being the majority stake holder in them. In recent years, the Public Sector banks have been suffering with multiple problems of non-performing assets (NPAs), …
Banks Board Bureau (BBB)
As part of Banking Reforms, Banks Board Bureau was constituted. It is entrusted to improve the commercial performance and governance process of state-owned banks, by appointing the right candidates to lead these institutions. BBB is responsible for selection of Heads of PSBs, and for Fulltime Directors and Non-Executive Chairman on the Boards of PSBs. Later, …
Liberalized Remittance Scheme
In India, any money you send overseas is subject to controls, as the government is wary of excessive outflows of foreign exchange draining its reserves and destabilizing the rupee. But there has been an effort to gradually liberalize these controls. The window that was opened up in 2004 for individuals to remit money across the …
Inclusive Growth and Issues Arising from it
Inclusive growth has been defined as “not excluding any section of the society”. In summary, Inclusive growth is the growth that reduces disparities among per capita incomes in agriculture and non-agriculture, in rural and urban areas, and in different socio-economic groups, particularly between men and women and among different ethnic groups. The result of inclusive …