- As per the suggestions made by Chakravarty Committee, aspects such as price stability, economic growth, equity, social justice, and encouraging the growth of new financial enterprises are some crucial roles connected to the monetary policy of India.
- As per Urjit Patel’s report inflation should be the nominal anchor for the Monetary Policy framework, which should be set at 4 % with + /- 2 %. It seems logical, because what hamper poor people is food and fuel, which is necessity of life and which amounts to more than 50 % of consumer price index.
- In the conduct of monetary policy in an open economy setting, foreign exchange reserves and associated liquidity management are key, there is a need to enhance the RBI’s sterilization capacity to deal with surges in capital flows.
- The primary focus of FIT on price stability augurs well for further liberalization of the capital account and eventual internationalization of the Indian rupees.
- Instapedia
- Introduction to Economics
- National Income accounting
- National Income
- Importance of quantifying economic growth
- Various types of economic indicators or concepts related to measuring economic growth
- Methods of estimating National Income
- Determinants of National Income
- Issues associated with National Income accounting in India
- Possible solutions to Issues with National Accounting
- Structure of Indian economy: a brief overview
- Planning in India
- Resource mobilization
- Definition of a resource
- Types of resources
- Need for mobilizing resource in an economy
- Sources of resource mobilization in India
- Role of Fiscal Policy in Resource Mobilization
- Role of Tax in Resource Mobilization
- Role of Capital/ Financial Markets in Resource Mobilization
- Role of Banking/ Banks in Resource Mobilization
- Issues faced in resource mobilization in recent times
- Steps to be taken to address issues resource mobilization
- Inclusive growth and issues arising from it
- Definition of inclusive growth
- Salient Features of Inclusive Growth
- Elements of Inclusive growth
- Need for Inclusion
- Reasons for Inequality in India
- Dimensions of Inclusive Growth
- Measuring Inclusive Growth
- Experience of Indian in ushering in Inclusive growth since independence
- Measures taken by India since independence to ensure inclusive growth in the economy
- Reasons why India has not been able to achieve inclusive growth in the economy
- Recent actions taken to usher inclusive growth in the economy in the below domains
- Government budgeting
- Fiscal Policy
- The Reserve bank of India and monetary management
- Function of Reserve Bank of India (RBI)
- Definition of monetary policy
- Monetary policy of the Reserve Bank of India (RBI)
- Major monetary policy reforms introduced in recent times
- An objective analysis on the efficacy of monetary policy in India
- Recommendations made by various committees and economists to improve monetary policy framework in India
- Amendments introduced in RBI act over the years
- Issues associated with RBI functioning
- Measures to address the issues plaguing RBI
- Inflation
- Definition of Inflation
- Types of Inflation
- Factors causing Inflation
- Indicators used to measure Inflation
- Effect of Inflation in Indian economy
- Inflation Targeting in India
- Pros and cons of Inflation targeting in India
- Various other methods of combating Inflation
- Government steps to control inflation
- Present trend of Inflation in the economy
- Taxation system in India
- Definition of Taxation
- Objectives behind Taxation
- Types of taxes
- Description of various types of taxes in India
- Major taxation related reforms introduced in recent times
- Trend of tax collection in India
- Issues associated with taxation system in India
- Measures suggested/recommendations made to address issues associated with taxation system in India
- Indian financial system: Commercial Banking system
- Historical evolution of banking system in India
- Functions of banks in an economy
- Classification of Banks in India
- Nationalization of banks
- Narasimhan committee recommendation on Banking sector
- Banking reforms introduced in India in recent times
- Issues associated with banking system in India
- Way Forward : Fifth Generation Banking
- Indian financial system-II: Money and capital market in India
- Definition of Money Market and Capital Market
- Importance of Money Market and Capital Market for an Economy
- Money Market Instruments
- Regulatory framework of Indian money market
- Money Market Reforms
- Issues / Challenges related to Money Market in India
- Types of Capital Market
- Stock exchanges in India
- Regulatory framework of Capital Market in India
- Capital Market Reforms
- Recommendations for Further Improving Capital Market in India
- Investment models
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- Relationship between infrastructure and economic development
- Energy
- Power
- Transport system in India’s economic development
- Growth in Indian railways
- Roads and road transport system in India
- Water transport in India
- Civil Aviation in India
- Communication Infrastructure in India
- Urban infrastructure
- Infrastructural reforms taken in the above sectors
- An objective analysis of the present infrastructure in the country
- Measures to further improve infrastructure in the country
- Social Infrastructure
- Agriculture
- Indian agriculture at the time of independence
- Land reforms
- Indian agriculture under the five year plans
- Food security in India
- Organization of agricultural credit in India
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- Suggestions and recommendations given by various committees to increase the industrial growth in the country
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- Poverty and unemployment
- Poverty
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- Poverty in India at the eve of Independence
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- Impact of LPG reform on reducing poverty in India
- Reasons why poverty still exists in India
- Actions required to address the above issues
- Unemployment
- Poverty
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