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Showing posts from December, 2021

Sport Awards in India

Arjuna Awards: The Arjuna Awards were established instituted in 1961. To be eligible for the Award, a sportsperson should have had not only good performance consistently for the previous three years at the international level with excellence for the year for which the Award is recommended but also should have shown qualities of leadership, sportsmanship and sense of discipline. The Award consists of a statuette, a scroll of honor, ceremonial dress and a Cash Award of Rs. 5.00 lakh will be presented to the winners in a function to be held at a place and on a date to be decided by the Government of India. No Award will be made for a second time to the same person. From the year 2001, the award is given only in disciplines falling under the following categories: Olympic Games / Asian Games / Commonwealth Games / World Cup / World Championship Discipline and Cricket Indigenous Games Sports for the Physically Challenged. Major Dhyan Chand Khel Ratna Award: Major Dhyan

Bharat Nirman Programme

Bharat Nirman Programme  is a four-year business plan to develop rural infrastructure. The government of India launched a time-bound plan under Bharat Nirman in 2005 for implementation during four year period, 2005-2009. The six components included under this rural infrastructure program are Roads Telephone connections Irrigation Water supply Housing and Electrification. 1. Roads: In order to give a boost to rural connectivity, a rural roads programmer Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in December 2000. As part of the program, GOI intends that by the end of the financial year 2008-09, every village of over 1000 population, over 500 in hilly and tribal areas has an all-weather road. To achieve the targets of Bharat Nirman, 1465, 185 km of road length is proposed to be constructed by 2009. This will benefit 66,802 unconnected eligible habitations in the country. 2. Telephone Connections: Under the Bharat Nirman Programme 66, 822 revenue villages to havi

National Statistical Commission (NSC)

The Government of India ordered the setting up of a permanent National Statistical Commission (NSC) on 1st June 2005 on the recommendation of the C. Rangarajan Commission. The National Statistical Commission assumed charge on 12th July 2006. Professor Suresh Tendulkar became the first chairperson of the NSC. Constitution of NSC A part-time chairperson who will be an eminent statistician or social scientist. Four part-time members, one each from the following fields of specialization and experience in economic statistics in such areas as agriculture, industry, infrastructure, trade or finance. social and environmental statistics in such areas as population, health, education, labor and employment or environment. statistical operations in such areas as censuses, surveys, statistical information systems or information technology. national accounts, statistical modeling or state statistical systems. The Secretary, Planning Comm

Demand Forecasting

Demand forecasting is a systematic process involving anticipation of demand for the commodity or services of a company in the future under certain competitive forces and uncontrollable forces. According to Evan J Douglas . "Demand forecasting is an estimate of sales during a specified future period based on the proposed marketing plan and a set of particular uncontrollable competitive forces." Significance of Demand Forecasting: It fulfills the objective or organization and helps in the preparation of the budget. It establishes production and employment in the organization. It helps in expansion or organization and facilities managerial decision. Objectives of Demand Forecasting: Short-term Objectives: Production policy Price policy Controlling sales Arranging finance Long-term Objectives: Determination of production capacity Planning long-term activities Factors Affecting Demand Forecasting: They can be producer goods, consumer goods or services. It is dependent on informati

Strategic Management

Strategic management deals with the long-term plans and actions of an organization. These decisions arrive in the light of both internal and external factors that affect the working of an organization. The management basically evaluates the possible opportunities and strengths it possesses to achieve them. It needs to scan the external and internal environment to look out for the potential threats and devise strategies to work on its weaknesses. Basically, strategic management is a continuous process of evaluating, implementing and reevaluating the decisions of the organization in order to achieve the organizational mission. Strategic management ensures that all the departments of the organization work together in harmony with each other in order to achieve the maximum output. Components of Strategy: Strategy is a plan or blueprint that helps the organization to achieve its long-term goals and mission. These are formulated by the top management. Policies are the rules and regulations l

Corporate Social Responsibility

It is philanthropy and a set of activities that corporates exercise in order to perform their moral duties. It is a humanitarian exercise in order to perform their moral duties. It is humanitarian, community work or social work done by enterprises. It is the relationship between business and the people or societies with which they work together. It is an enduring commitment of the firm to act responsibly and fairly add to the economic development of the nation while enhancing the living standards and quality of life of their employees and their families along with the local public and society. It is a service to society. According to Keith Davis, "it is the firm's consideration of and response to, issues beyond the narrow economic, technical and legal requirements to the firm." According to Archie Carroll, "The social responsibility of the business encompasses the economic, legal, ethical and discretionary expectations that society has of organizations at the given p

Industrial Rrelations

Industrial Relations (IR) refers to all types of relationships between all the parties concerned with industry, i.e. employees, employers, trade union, management and the State Government who regulate these relations. Thus, IR is concerned with the relationship between management and workers and the role of regulatory mechanisms in resolving any industrial dispute. Parties to IR are workers, employers, unions and government. Scope of  Industrial Relations: It deals with the collective bargaining of workers. It explains the role of government, unions and management. It gives machinery for resolving industrial disputes. It helps in handling individual grievances. It provides labor legislative policies. It assists in industrial relations training. Approaches to IR: Unitary Approach: It believes in mutual cooperation, teamwork and shared goals. Workplace conflict is the result of poor management. The underlying assumption is that everyone benefits from the promotion of common interest and

Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) was established on April 1, 1935, in accordance with provisions of the Reserve Bank of India Act, 1934. RBI was established with 5 crores as its capital as a private shareholders bank. RBI was nationalized on January 1, 1949. The central office of the Reserve Bank of India was initially established in Kolkata but was permanently moved to Mumbai in 1937. There are four local boards of RBI in Delhi, Mumbai, Kolkata and Chennai. The general superintendence and direction of the RBI are entrusted with the 20-member-strong Central Board of Directors - including the Governor (currently Shaktikanta Das), four Deputy Governors (currently T Rabi Shankar, MK Jain, MD Patra and MR Rao). Reserve Bank of India (RBI) is the Central Bank and supreme monetary authority of India. The financial year of RBI is from July 1 to June 30. Functions of RBI: RBI acts as the central bank of India. RBI acts as a banker to the Central and State Governments. RBI announces the Annual

National Sample Survey Organisation (NSSO)

The National Sample Survey Organisation (NSSO) carries out socio-economic surveys, undertakes fieldwork for the Annual Survey of Industries and follow-up surveys of the economic census, sample checks on area enumeration and crop estimation surveys and prepares the urban frames useful in drawing of urban samples, besides a collection of price data from rural and urban sectors. The organization functions under the overall direction of a Governing Council with requisite independence and autonomy in the matter of collection, processing and publication of NSS data. In addition to the non-official Chairman, the Governing Council is composed of five academicians, five data users from Central and State Government departments and senior officers of the Ministry. The NSSO is headed by the Director-General and Chief Executive Officer (DG&CEO) who is responsible for coordinating and supervising all activities of the organization and is assisted by a small secretariat called Co-ordination and