Economics

Absenteeism—The absences of workers from the work is called absenteeism. It reflects the working conditions prevailing in the firm and moral among the workers in that firm and affects the firm’s productivity.Advertisement—It is a means of stimulating demand for a product, it is used to inform the prospective buyers to persuade them that our brand […]

International Monetary Fund (I.M.F.)The International Monetrary Fund (IMF) was organised in 1946 and commenced its operation in March, 1947. It was set up to adminster a ‘code of fair practice’ in the field of foreign exchange and to make short-term loans to member nation experiencing temporary deficits in their balance of payments, to enable them

GATT was an international body having its headquarters at Geneva and was founded in 1947 by 23 member countries including India. The body now comprises of 117 member countries of which around two-thirds are developing nations.According to the approved GATT accord, a Preparatory Committe would be set up, which in turn would set up the

Generally, no country is self-sufficient. It has to depend upon other countries for importing the goods which are either non-available with it or are available in insuficent quantities. Similarly, it can export goods which are in excess qunatity with it and are in hight demand outside. Trading with other countries can play an important role

The last decade has witnessed much talk about glogalization, economic liberalization and economic integration of the Indian economy with the world economy. Specially after the completion of Uruguay Round of trade negotiations in April 1994 and the establishment of the World Trade Organization in January 1995, many issues have been raised regarding India’s participation in

Ask anyone living in big metropolitan cities from the 1950s to compare the quality of life then and now. He will roll out to you the entire panorama of the paradises of sorts in which he lived more than half a century ago to the virtual hell into which he has been dumped today. Jobs

Drug abuse is a psychiatric, psychological and social problem affecting the youth of the country. It ruins the individual and the society in manifold ways—socially, physically, culturally, emotionally and economically. Acting on the brain, the drug spawns a wide range of disorders like fear, anxiety and a sense of insecurity in the human mind.There are

Children constitute 36 per cent of India’s population and it is a national shame that bulk of them still suffer from malnutrition, poverty, disease, cruel exploitation through forced child labour and beggary and on top of all, illiteracy. Hundreds of thousands of children roam the streets without homes or families to go back to and

There is no denying that remarkable progress has been achieved in the realms of science and technology, particularly medicine, inforamation technology, communications, infrastructure development, food production, speciality hospitals in the cities, etc. Yet medicare for the millions of poor and the lower middle class familes still remian a luxury. Millions of people are still trapped

We are living in an endangered environment caused by our progress and folly—a world, we thought, just belonged to us and none else. And we are paying a dear price with nature reacting violently around the world. You can’t obviously rape Nature and get away with it. You are getting back in your own coin.

Indian Railways, which comprise the chief mode of organised transportation system, are the nation’s single largest undertaking. Making a small beginning in April 1853 when the first ever railway train in India commenced its jouney from Mumbai to Thane, a stretch of only 34 kilometres, Indian Railwways emerged to be the Asia’s largest and the

The country is now, more or less self-sufficient in the production of consumer goods and some basic items like iron and steel. Power generation has been substantially stepped up and infrastructure adequately built up for future industrial progress.Among India’s major large scale industries are: cotton textile industry with over a thousand textile mills providing employment

Every Five-Year Plan is conceived on the bedrock of high expectations and on the conviction of avoding past mistakes and implementing new ideas in order to build a more prosperous India. The Plan has taken on a fresh look in the light of the different innovations introduced during the new regime, especially in the areas

The broad obectives of 9th Plan (1997-2002), are: 1. Priority to agriculture and rural development to generate adequate productive employment and eradication of poverty. 2. Accelerating growth rate with stable prices. 3. Ensuring food and nutritional security for all especially vulnerable sections of soceity. 4. Providing minimum services of safe drinking water, primary health care,

The Seventh Five-Year Plan ended on March 31, 1990. In the normal course the Eighth Plan should have begun on April 1, 1990. However, due to some unavoidable circumstances including the changes in party in power at the Centre, the Plan document could not be finalised. It was only when the new Government assumed office