Five Year Plans Ever since India got its independence, we are working on our economy L as per the Five Year Plans. This system of framing Five Year Plans was a good arrangement devised, by which the growth in different spheres could be suggested monitored while functioning and changed if the necessity arose. These mega plans have served us as building blocks of our national economy. A brief overview of these...

Economic Liberalization Let us first consider what really does this word of economic liberalization mean. This means in very simple terms, a free market economy. The idea of liberalization endorses is to eliminate an inefficient and non-productive system. It was during the early eighties that, the need for boosting up Indian economy was first felt. Even though the performance in all sectors, industrial and agricultural was quite satisfactory, it was being...

The Ogre of Corruption In the last two decades of the existence of independence, India has seen a steep upward trend in the graph of existing corruption. The media, the public, the variety of forums for discussions and debates for the higher intelligentsia are all neck-deep buried in highlighting the rampant corruption in every sphere. In this debate, the rural folk are also not far behind These days they are also...

Public Finance of India Let us first understand what is meant by Public Finance. Public Finance of a country, as is obvious by the name, is the money collection of a country’s Government by way of taxes. The sources of revenue of the States and the Centre are called the public finance of a country, and this is because this amount of money is the money earned by the public and...