RAS RAS RAJASTHAN PUBLIC SERVICE COMMISSIONPSC Pre 2016

Public Economics

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Public Economics

Study of economic efficiency, distribution and government economic policy.

Developed out of the original political economy of JS Mill and David Ricardo. It

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is a very important branch of economics because of the foundation it provides for practical policy analysis.

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POVERTY

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  • Following elements mainly affect the magnitude of the poverty ration
    • The nutrition norm in the base year
    • Price deflator used to update the poverty line
    • Pro rata adjustment in the number of households in different expenditure classes to determine the number of households below and above poverty line.
  • Agricultural wage earners,
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small and marginal farmers and casual workers engaged in non-agricultural activities constitute the bulk of the rural poor

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    Planning in India

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    Planning in India

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    Subsidies or Cash Transfers?

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    Subsidies or Cash Transfers?

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    href="https://himachalpradesh.pscnotes.com/prelims-notes/economy/subsidies-or-cash-transfers/#more-807">Read moreSubsidies or Cash Transfers?

    Economy Notes

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    Contents

    India under the British Rule. 2

    Inflation in India. 6

    Monetary Policy of India. 6

    Money Market. 13

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    CPI

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    The Central Statistics Office (CSO) of the Ministry of Statistics & Programme Implementation announced that the new series of Consumer Price Index(CPI)  numbers for Rural, Urban and Combined (Rural +Urban) on base 2010 ( January to December)=100 taking all segments of rural and urban population for the month of January, 2011 will be released by the  Central Statistics Office for the States/UTs and all- India on 18th February, 2011.These indices will be available for five major groups

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    namely Food, beverages and tobacco; Fuel and light;
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    Housing; Clothing, bedding and footwear, and Miscellaneous.

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    Micro, Small and Medium enterprises

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    Importance of micro, small and medium enterprises

    • Apart from playing a significant role in meeting national objectives of balanced growth, poverty alleviation
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      11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
    and equity promotion, serve as nurseries for corporate enterprises of future.

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    Land reforms

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    • In rural India, land is the single most important productive asset owned by the people

    Why are land reforms

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    needed?

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    Infrastructure Debt Funds

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    Infrastructure Debt Funds In Sept 2011, RBI issued guidelines for permitting banks and NBFCs to set up IDFs to help meet long term financing for the sector IDFs would be set up either Join Our Telegram Channel Subscribe on YouTube as MFs or NBFCs NBFC sponsoring IDF-MF should have a minimum net owned funds of … Read more Infrastructure Debt Funds

    Poverty and Unemployment

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    Assessment of the growth experience: Poverty and Unemployment

    • Poverty and unemployment are closely related
    • High poverty has a multiplier effect on quality of
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      life, deprivation, malnutrition, illiteracy and low human resource development.

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