ELITES IN THE SOCIAL AND EDUCATIONAL CHANGE IN INDIA India gained full political - independence in 1947. The literacy rate in that period was about 16%. (Chavan, 2009) Since then, access to education has increased significantly. Elites in India have made a large contribution towards strategic promotion of Indian education sector in many ways. Until 1976, policies and implementation of education is legally determined for each of the right of States of India. The 42nd Amendment to the Constitution in
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INTRODUCTION Poverty in India is widespread, with the nation estimated to have a third of the world's poor. In 2010, the World Bank reported that 32.7% of the total Indian people fall below the international poverty line of US$ 1.25 per day (PPP) while 68.7% live on less than US$ 2 per day.[1] According to 2010 data from the United Nations Development Programme, an estimated 29.8% of Indians live below the country's national poverty line.[2] A 2010 report by the Oxford Poverty and Human Development
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3, Issue 3 (April 2013) ISSN: 2249-7382 ANALYSIS OF FDI IN INSURANCE SECTOR IN INDIA Yogita Sharma* ABSTRACT There is hardly a facet of the Indian psyche that the concept of ‘foreign’ has not permeated. This term, connoting modernization, international brands and acquisitions by MNCs in popular imagination, has acquired renewed significance after the reforms initiated by the Indian Government in 1991. Generally speaking FDI refers to capital inflows from abroad that invest in the production
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rP os t 9 -7 1 2 -0 3 8 REV: MARCH 12, 2014 LAKSHMI IYER RICHARD H. K. VIETOR India 2014: The Challenges of Governance op yo Introduction In January 2014, India’s government faced significant economic and social challenges. Economic growth rates had slowed from 10.5% in 2010 to only 4.9% in 2013. Inflation remained stubbornly high at 10.1%, despite sustained interest rates of around 10%, and the rupee/dollar exchange rate depreciated from 45 rupees in March 2011 to 62 rupees in December 2013
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Y V Reddy: Fiscal policy and economic reforms Address by Dr Y V Reddy, Governor of the Reserve Bank of India, at the National Institute of Public Finance and Policy (NIPFP), New Delhi, 26 May 2008 (edited transcript). * * * Respected Professor Govinda Rao and distinguished scholars, I am honoured by my friend, Prof. Govinda Rao’s, kind invitation to me to visit the National Institute of Public Finance and Policy (NIPFP). I had the opportunity of working very closely with the NIPFP on several
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in British India and were an integral part of Indian treasury. The Imperial Bank acted as a banker of the government until the establishment of Reserve Bank of India in 1935. State Bank of India was formed on July 1, 1955 by nationalizing the Imperial Bank under the State Bank of India Act, 1955 which was passed in parliament on May 8, 1955. The main objective of nationalization was not only extending banking facilities to rural and semi-urban areas in the newly formed independent India but also to
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News analysis since 20th April 2013 The Economist • Speed isn’t everything For years critics of china have complained that it prizes over balance. Rapid development has taken it as the heavy investment has crowded out consumption & heavy industry has muscled out services. According to the new figures the loss of momentum & spectacular surge in the credit made the stock market unhappy. In short China is becoming more like a western economy with consumer & services to the fore that reinforce each
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3.0 SITUATIONAL ANALYSIS 3.1 The Business Environment (PEST) India economy |Population: |[pic] | |1,173,108,018 (July 2010 est.) | |India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic | |liberalization, including reduced controls on foreign trade and investment, began in
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The economy of Bangladesh is a rapidly developing market-based economy.[3] Its per capita income in 2010 was est. US$1,700 (adjusted by purchasing power parity). According to the International Monetary Fund, Bangladesh ranked as the 43rd largest economy in the world in 2010 in PPP terms and 57th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. The economy
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In the last seven years or so (i.e., since 2004) India has emerged as one of the fastest growing economy of the world. In fact, next to China, India’s growth rate since 2004 is the highest in the world. This is often referred to as India’s growth miracle. Before Eighties of the last century India’s average growth rate stuck around 3.6 per cent per annum which Late Prof. Raj Krishna called Hindu rate of growth. In the eighties India’s average rate of economic growth rose to 5.6 per cent per annum
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