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Industrial Policy Resolution Of 1956
Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian parliament in April 1956. It was the second comprehensive statement on industrial development of India after the Industrial Policy of 1948. The 1956 policy continued to constitute the basic economic policy for a long time. This fact has been confirmed in all the Five-Year Plans of India. According to this resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society. It provided more powers to the governmental machinery. It laid down three categories of industries which were more sharply defined. These categories were: # Schedule A: those industries which were to be an exclusive responsibility of the state. # Schedule B: those which were to be progressively state-owned and in which the state would generally set up new enterprises, but in which private enterprise would be expected only to supplement the effort of the state; and # Sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Parliament
The Parliament of India (ISO: ) is the supreme legislative body of the Government of the Republic of India. It is a bicameral legislature composed of the Rajya Sabha (Council of States) and the Lok Sabha (House of the People). The President of the Republic of India, in their role as head of the legislature, has full powers to summon and prorogue either house of Parliament or to dissolve the Lok Sabha, but they can exercise these powers only upon the advice of the Prime Minister of the Republic of India and the Union Council of Ministers. Those elected or nominated (by the president) to either house of the Parliament are referred to as members of Parliament (MPs). The members of parliament in the Lok Sabha are directly elected by the voting of Indian citizens in single-member districts and the members of parliament in the Rajya Sabha are elected by the members of all state legislative assemblies by proportional representation. The Parliament has a sanctioned strength of 5 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Five-Year Plans Of India
The Five-Year Plans of India were a series of national development programmes implemented by the Government of India from 1951 to 2017. Inspired by the Soviet model, these plans aimed to promote balanced economic growth, reduce poverty and modernise key sectors such as agriculture, industry, infrastructure and education. The Planning Commission, chaired ex-officio by the prime minister, conceptualised and monitored the plans until its replacement by the NITI Aayog (National Institution for Transforming India) in 2015. The plans evolved to address changing developmental priorities, introducing innovations like the Gadgil formula in 1969 for transparent resource allocation to states. While the five-year plans significantly shaped India's economic trajectory, they were discontinued in 2017, transitioning to a more flexible framework under the NITI Aayog. History Five-Year Plans (FYPs) are centralized and integrated national socio-economic programs. Joseph Stalin implemented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socialism
Socialism is an economic ideology, economic and political philosophy encompassing diverse Economic system, economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the Economic ideology, economic, Political philosophy, political, and Social theory, social theories and Political movement, movements associated with the implementation of such systems. Social ownership can take various forms, including State ownership, public, Community ownership, community, Collective ownership, collective, cooperative, or Employee stock ownership, employee.: "Just as private ownership defines capitalism, social ownership defines socialism. The essential characteristic of socialism in theory is that it destroys social hierarchies, and therefore leads to a politically and economically egalitarian society. Two closely related consequences follow. First, every individual is entitled to an equal ownership share that earns an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial History Of India
Industrial may refer to: Industry * Industrial archaeology, the study of the history of the industry * Industrial engineering, engineering dealing with the optimization of complex industrial processes or systems * Industrial city, a city dominated by one or more industries * Industrial loan company, a financial institution in the United States that lends money, and may be owned by non-financial institutions * Industrial organization, a field that builds on the theory of the firm by examining the structure and boundaries between firms and markets * Industrial Revolution, the development of industry in the 18th and 19th centuries **Second Industrial Revolution * Industrial society, a society that has undergone industrialization * Industrial technology, a broad field that includes designing, building, optimizing, managing and operating industrial equipment, and predesignated as acceptable for industrial uses, like factories * Industrial video, a video that targets “industry” as it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1956 In India
Events in the year 1956 in the Republic of India. Incumbents * President of India – Rajendra Prasad * Prime Minister of India – Jawaharlal Nehru * Vice President of India – Sarvepalli Radhakrishnan * Chief Justice of India – Bijan Kumar Mukherjea (until 31 Jan.), Sudhi Ranjan Das (starting 1 Feb.) Governors * Andhra Pradesh – Chandulal Madhavlal Trivedi * Assam – Jairamdas Daulatram (until 15 May), Saiyid Fazal Ali (starting 15 May) * Bihar – R. R. Diwakar (until 5 July), Zakir Hussain (starting 5 July) * Karnataka – Jayachamarajendra Wadiyar (starting 1 November) * Kerala – Burgula Ramakrishna Rao (starting 22 November) * Madhya Pradesh – Pattabhi Sitaramayya * Maharashtra – Harekrushna Mahatab (until 14 October), Sri Prakasa (starting 10 December) * Odisha – P. S. Kumaraswamy Raja (until 11 September), Bhim Sen Sachar (starting 11 September) * Punjab – Chandeshwar Prasad Narayan Singh * Rajasthan – Maharaj Man Singh II (until 31 October) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Policies Of India
Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both ''subjective'' and ''objective'' decision making. Policies used in subjective decision-making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result, are often hard to test objectively, e.g. work–life balance policy. Moreover, governments and other institutions have policies in the form of laws, regulations, procedures, administrative actions, incentives and voluntary practices. Frequently, resource allocations mirror policy decisions. Policies intended to assist in objective decision-making are usually operational in nature and can be objectively tested, e.g. a password policy. The term may apply to government, public sector ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Policy
Industrial policy is proactive government-led encouragement and development of specific strategic industries for the growth of all or part of the economy, especially in absence of sufficient private sector investments and participation. Historically, it has often focused on the manufacturing sector, militarily important sectors, or on fostering an advantage in new technologies. In industrial policy, the government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation". A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of industrial policy. Industrial policies are economic interventionism, interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade policy. Industrial policy is usually seen as separate from broader Macroeconomic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nehru Administration
Jawaharlal Nehru (14 November 1889 – 27 May 1964) was an Indian Anti-colonial nationalism, anti-colonial nationalist, secular humanist, social democrat, and statesman who was a central figure in India during the middle of the 20th century. Nehru was a principal leader of the Indian nationalist movement in the 1930s and 1940s. Upon India's independence in 1947, he served as the country's first Prime Minister of India, prime minister for 16 years. Nehru promoted parliamentary Democracy in India, democracy, Secularism in India, secularism, and Science and technology in India, science and technology during the 1950s, powerfully influencing India's arc as a modern nation. In international affairs, he steered India clear of the two blocs of the Cold War. A well-regarded author, he wrote books such as ''Letters from a Father to His Daughter'' (1929), ''An Autobiography (Nehru), An Autobiography'' (1936) and ''The Discovery of India'' (1946), that have been read around the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of India (1947–present)
Around 500 BC, the Mahajanapadas minted punch-marked silver coins. The period was marked by intensive trade activity and urban development. By 300 BC, the Maurya Empire had united most of the Indian subcontinent except Tamilakam, allowing for a common economic system and enhanced trade and commerce, with increased agricultural productivity. The Maurya Empire was followed by classical and early medieval kingdoms. The Indian subcontinent, due to its large population, had the largest economy of any region in the world for most of the interval between the 1st and 18th centuries. Maddison, Angus (2003): Development Centre Studies The World Economy Historical Statistics: Historical Statistics', OECD Publishing, , p. 261 Angus Maddison estimates that from 1-1000 AD India constituted roughly 30% of the world's Population and GDP. India experienced per-capita GDP growth in the high medieval era, coinciding with the Delhi Sultanate. By the late 17th century, most of the Indian subcont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
