Economy

Consumer Rights

The consumer protection act provides for six right to the consumer protection council set up under the act are intended to promote and protect the various rights of consumers. Consumer Rights include the following. Right to safety Right to be informed Right to choose Right to be heard Right to seek redressal Right to consumer education Current AffairsEconomy 1. Right to safety: The consumer has a right to be protected against good and services. Which are hazardous to life and health for instance electrical appliance. Which are manufactured with substandard product or do not conform to the safety norm, might cause serious injury the consumers are educated that they should use electrical appliances. Which are ISI marketed as this would …

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Consumer Protection

Consumer protection refers to protecting the interest of consumers. The producer should produce good keep in mind the requirements of consumers and satisfy the consumer. But it is observed that this application is neglected by some businessman and they are involved in the unfair practices so there is a need for consumer protection. Consumer Protection A consumer is said to be a king in a free market economy. The earlier approach of caveat acted which means let the buyer be aware. Has now been changed caveat venditor. Let the seller be aware however with growing competition and in an attempt to increase their sales and market share manufacturer and service provider may be tempted to engage in on scalp. Plus …

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Inflation

Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time. The index number of prices: an increase in the index number of prices reflects the condition of inflation in an economy.a. Wholesale price index: WPI refers to the index that measures the changes in the price of goods at the wholesale market. Consumer price index (CPI): consumer price index measures changes in the price level of a market basket of consumer goods and services purchased by household. GDP deflator: it measures the average level of prices of all the goods and services that makes up GDP. the rate of inflation increases with increase in the value of …

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Infrastructure development for Future generation

The government has emphasized on creating world-class infrastructure for building a new India. Infrastructure development presents the status of any country. Infrastructure development It has undertaken various projects to improve the present conditions of Infrastructure. Some projects are such as The Sagarmala Project (for accelerating port-led development) The Bharatmala Project (to link India from west to east) The Mumbai trans harbour link Project (for building the country’s largest sea bridge) The Setu Bharatam Project (making national highways free of railway level crossing) It also connects various villages through the construction of roads providing significant relief to the rural masses. PM Awas Yojana The government has launched a comprehensive mission “housing for all by 2022”. The scheme aims to construct more …

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Steps taken to improve Jobs after higher education

Jobs after Higher education system has many educational streams. India is the world’s largest democratic country. With increasing population, Competition is increasing between peoples. Evenmore, in order to enhance job orientation and employability, the following steps have been taken: There are 1109 skill oriented courses being run by UGC and All India Council of Technical Education (AICTE). In which approximately 40,000 students are receiving skill training with education. New and updated vocational cariculla are being developed in line with industry demand in B.Voc. programmes. AICTE has launched a internship portal to facilitate industry internship to students. This is the most successful step for Jobs after higher education. Wheebox employability skill test for all pre final and final year graduates of …

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Role of skill development in the $5 trillion economy

Prime minister has set a target for India to be a $5 trillion economy by 2024. skill development is the key in the various sectors that would drive this growth. India having half of its population below the age of 25, the country has the world’s youngest population. According to the economic survey, The working age population in the country will grow by roughly 97 lakh per year during the coming decade and 42 lakh per year in the 2030. Central and State Skill development programmes Here is a list which presents the schemes of government for skill development. Central: Pradhan Mantri Kaushal Vikas Yojana Skills acquisition and Knowledge awareness for livelihood promotion (SANKALP) UDAAN (Special industry initiative for J …

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Recommended Books for IAS Exam

UPSC conducting IAS exam and writer written books. UPSC defined the syllabus and the demand for IAS exam can be seen through the previous year question paper. If You know “What UPSC want then you can clear the exam?” So, here I am giving a booklist for this exam. You may purchase these books directly from amazon. History Books for IAS Exam The syllabus for this portion is History of India and Indian National Movement This portion also covers Art and Culture. Following books are recommended. Aspirants can purchase according to their need. Geography Books for IAS Exam The syllabus for this portion is Indian and World Geography: Physical, Social, Economic Geography of India and the World. There are the following books …

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Books

Five Year Plans of India

From 1947 to 2017;In India economy was based on the concept of planning. The concept of economic planning in India is derived from Russia. Planning was done by Planning Commission of India. They publish Five Year Plans of India on every five years. The Planning commission was abolished in 2014 replaced by NITI Ayog. Difference between the Planning Commission and NITI Ayog It is history. Now, We will analyse all the 12 five year plans of India. Timeline of Five Year Plans Plan From Till 1st 1951 1956 2nd 1956 1961 3rd 1961 1966 Plan Holidays 1966 1969 4th 1969 1974 5th 1974 1978 Rolling Plan 1978 1980 6th 1980 1985 7th 1985 1990 Annual Plans 1990 1992 8th 1992 1997 9th …

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DDUGU BA Scheme