Tourism in India: Problems and Prospects Tourism is expanding the fastest and is the most rewarding industry of the modern world. International tourism constitutes the invisible export trade. No wonder then that some more enterprising countries have turned this flourishing industry into a means of spinning money. In recent years, India too has woken up to this great reality and concerted efforts are being made to develop and promote this foreign...

Privatization of Banks    Time has come to review the working of the banking sector in the country after about three decades of the nationalization of major banks which came in 1969. This is essential in view of the economic reforms process initiated by the Union Government in July 1991. On July 19, 1969 when the 14 commercial banks were nationalized (the other six were nationalized in 1980), the late Prime...

 Caste System in Indian Society   The caste system is the most fundamental feature of the Hindu society. Looking back over the course of centuries since its unknown beginning, the system has exercised a very profound influence on the social and economic life of the people. Originally, it was introduced on the basis Of division of labour in the society and was calculated to promote its economic strength and efficiency. The...

Cottage Industries   Cottage industry means the manufacture of goods at home by manual labour with a small capital, on a small scale, by a small number of workers, often comprising members of a single family. It is one of the most important industries in India. There was a time when Indian homes and Indian villages used to hum with activities connected with various types of cottage industries, and some of...

India is a Rich Country Inhabited By Poor People   India is a rich country inhabited by poor people. It is one of the ten poorest countries of the world. This is partly so because the resources of India have not been properly utilized and partly because per capita share of resources ‘is small. An assessment of India’s physical and human resources will make it evident to us. Let us first...

Black Money In recent years, the purchasing power of rupee has come down considerably. If the paper currency is not supported by sufficient gold reserves with the Government, then the value or worth of the same may not take much time to touch the rock-bottom. This precisely means inflation. Another contributing factor is the ratio of consumer goods to the paper money in circulation. Yet another aggravating factor is the black...