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Showing posts with the label Indian Economy

Human Development Report (HDR)

Human Development Report (HDR) is brought up by the UNDP at every calendar year, whereas the World Development Report is brought up by the World Bank at every financial year . HDR is based on the Human Development Index which was for the first time given by Mahbub-ul-Haq of Pakistan in 1990, in partnership with Indian Economist, Amartya Sen. The first HDR was published in 1990. HDR brings various indices: HDI (Human Development Index) - introduced in HDR 1990. GDI (Gender-Related Development Index) - introduced in HDR 1995. GEM (Gender Empowerment Measures) - introduced in HDR 1995. HPI (Human Poverty Index) - introduced in 1997. TAI (Technology Achievement Index) - Introduced in 2001. HDR Indices: The HDI measures the average achievement in a country in three basic dimensions of human development: A long and healthy life, as measured by life expectancy at birth. Knowledge, as measured by the adult literacy rate (with two-thirds weight) and th

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

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