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K. N. Raj
Kakkadan Nandanath Rajan (13 May 1924 – 10 February 2010) was an Indian economist. He is popularly known as K. N. Raj. He played an important role in India's planned development, drafting sections of India's first Five Year Plan, specifically the introductory chapter when he was only 26 years old. He was a veteran economist in the Planning Commission. He worked out a plan to raise India's rate of savings in the post-Second World War period when the country was in need of foreign aid. He computed India's Balance of Payments for the first time for the Reserve Bank of India. Raj was an advisor to several prime ministers from Jawaharlal Nehru to P.V. Narasimha Rao. Dr. Raj was a Keynesian economist. He studied the application of Keynesian monetary theory in Indian context. Early life Raj was born in Thrissur District. He did a B.A. from the prestigious Madras Christian College. He was a disciple of a well-distinguished economist Malcolm Adiseshiah at Madras Christian college. ...
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Thrissur District
Thrissur (), anglicised as Trichur, is one of the List of districts of Kerala, 14 districts in the States and union territories of India, Indian state of Kerala. It is situated in the central region of the state. Spanning an area of about , the district is home to over 9% of Kerala's population. Thrissur district is bordered by the districts of Palakkad district, Palakkad and Malappuram district, Malappuram to the north, the districts of Ernakulam district, Ernakulam and Idukki District, Idukki to the south and Coimbatore district, Coimbatore to the east. The Arabian Sea lies to the west and Western Ghats stretches towards the east. It is part of the historical Malabar Coast, which has been trading internationally since ancient times. The main language spoken is Malayalam language, Malayalam. Thrissur district was formed on 1 July 1949, with the headquarters at Thrissur City. Thrissur is known as the cultural capital of Kerala, and the land of Poorams. The district is known ...
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Malcolm Adiseshiah
Malcolm Sathiyanathan Adiseshiah (18 April 1910 – 21 November 1994), was an Indian development economist and educator. In 1976 he was awarded the Padma Bhushan, India's third-highest civilian award. In 1998, UNESCO created the Malcolm Adiseshiah International Literacy Prize in recognition of his contribution to education and literacy. He was nominated to the Rajya Sabha, the upper house of the Parliament of India, in 1978. Early years and education Adiseshiah was born on 18 April 1910 in Vellore, Tamil Nadu. He is the second of the five children of Paul Varanasi Adiseshiah and Grace Nesamma Adiseshiah. His father was a professor of philosophy and the first Indian principal of Voorhees College, Vellore, Tamil Nadu State, India. His mother was a musician who had studied up to the Senior Cambridge (High School) and was the first woman Councilor of the Vellore Municipality. She taught her five children until they were ten years of age. Malcolm Adiseshiah obtained a doct ...
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Welfare Economics
Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. The principles of welfare economics are often used to inform public economics, which focuses on the ways in which government intervention can improve social welfare. Additionally, welfare economics serves as the theoretical foundation for several instruments of public economics, such as cost–benefit analysis. The intersection of welfare economics and behavioral economics has given rise to the subfield of behavioral welfare economics. Two fundamental theorems are associated with welfare economics. The first states that competitive markets, under certain assumptions, lead to Pareto efficient outcomes. This idea is sometimes referred to as Adam Smith's invisible hand. The second theorem states that with further restrictions, any Pareto efficient outcome can be achieved through a competitive market equilibrium, provided that a social ...
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Narayana Guru
Sree Narayana Guru () (20 August 1856 – 20 September 1928) was a philosopher, Spiritual Leader, spiritual leader and Social Reformer, social reformer in India. He led a Kerala reformation movement, reform movement against the injustice in the Caste system in Kerala, caste-ridden society of Kerala in order to promote moksha, spiritual enlightenment and social equality. A quote of his that defined his movement was "one caste, one religion, and one god for all human beings." He is the author of the Advaita Vedanta, Advaita poem Daiva Dasakam, which is one of the most used poem in Kerala for community prayer.ദൈവദശകദർശനം, ഡോ.ജി. അനിൽകുമാർ, കുരുക്ഷേത്ര പ്രകാശൻ, കൊച്ചി, 2010 ഏപ്രിൽ Biography Narayanan, né Nanu, was born on 20 August 1856 to Madan Asan and Kuttiyamma in an Ezhava family of ayurvedic physicians, in the village of Chempazhanthy near Thiruvananthapuram, in th ...
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United Nations
The United Nations (UN) is the Earth, global intergovernmental organization established by the signing of the Charter of the United Nations, UN Charter on 26 June 1945 with the stated purpose of maintaining international peace and international security, security, to develop friendly Diplomacy, relations among State (polity), states, to promote international cooperation, and to serve as a centre for harmonizing the actions of states in achieving those goals. The United Nations headquarters is located in New York City, with several other offices located in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and The Hague. The UN comprises six principal organizations: the United Nations General Assembly, General Assembly, the United Nations Security Council, Security Council, the United Nations Economic and Social Council, Economic and Social Council, the International Court of Justice, the United Nations Se ...
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Delhi
Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, but spread chiefly to the west, or beyond its Bank (geography), right bank, Delhi shares borders with the state of Uttar Pradesh in the east and with the state of Haryana in the remaining directions. Delhi became a union territory on 1 November 1956 and the NCT in 1995. The NCT covers an area of . According to the 2011 census, Delhi's city proper population was over 11 million, while the NCT's population was about 16.8 million. The topography of the medieval fort Purana Qila on the banks of the river Yamuna matches the literary description of the citadel Indraprastha in the Sanskrit epic ''Mahabharata''; however, excavations in the area have revealed no signs of an ancient built environment. From the early 13th century until the mid-19th century, Delhi was the capital of two major empires, ...
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Kerala
Kerala ( , ) is a States and union territories of India, state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Kingdom of Cochin, Cochin, Malabar District, Malabar, South Canara, and Travancore. Spread over , Kerala is the 14th List of states and union territories of India by area, smallest Indian state by area. It is bordered by Karnataka to the north and northeast, Tamil Nadu to the east and south, and the Laccadive Sea, Lakshadweep Sea to the west. With 33 million inhabitants as per the 2011 Census of India, 2011 census, Kerala is the List of states of India by population, 13th-largest Indian state by population. It is divided into 14 List of districts of Kerala, districts with the capital being Thiruvananthapuram. Malayalam is the most widely spoken language and is also the official language of the state. The Chera dynasty was the f ...
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Delhi School Of Economics
Delhi School of Economics (DSE), popularly referred to as D School, is an institution of higher learning within the Delhi University. The Delhi School of Economics is situated in University of Delhi's North Campus in Maurice Nagar. Established in 1949, the campus of the Delhi School of Economics houses the University of Delhi's departments of Economics, Sociology, Geography and Commerce, as well as the Ratan Tata Library. Out of the four academic departments, the Departments of Economics, Sociology and Geography come under the Faculty of Social Sciences, while the Department of Commerce comes under the Faculty of Commerce and Business Studies. Many of its former faculty members and alumni have gone ahead to become economists, social scientists, writers, heads of states and journalists. It presently offers multiple post graduate and doctoral level programmes in a wide range of disciplines. Campus The Delhi School of Economics campus is situated in University of Delhi's North C ...
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Delhi University
The Delhi University (DU, ISO 15919, ISO: ), also and officially known as the University of Delhi, is a collegiate university, collegiate research university, research Central university (India), central university located in Delhi, India. It was founded in 1922 by an Act of the Central Legislative Assembly. The Vice President of India serves as the university chancellor. The university is ranked 6th by National Institutional Ranking Framework 2024. History The University of Delhi was established in 1922 was created by act of Central Legislative assembly. Hari Singh Gour served as the university's first Vice-Chancellor from 1922 to 1926. Only four colleges existed in Delhi at the time, which were affiliated to University of the Punjab at that time: * St. Stephen's College, Delhi, St. Stephen's College founded in 1881. * Hindu College, Delhi, Hindu College founded in 1899. * Zakir Husain Delhi College (then known as The Delhi College), founded in 1792 and * Ramjas College foun ...
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Economic Liberalisation In India
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development. Although some attempts at liberalisation were made in 1966 and the early 1980s, a more thorough liberalisation was initiated in 1991. The liberalisation process was prompted by a balance of payments crisis that had led to a severe recession, dissolution of the Soviet Union leaving the United States as the sole superpower, and the sharp rise in oil prices caused by the Gulf War of 1990–91. India's foreign exchange reserves fell to dangerously low levels, covering less than three weeks of imports. The country had to airlift gold to secure emergency loans. Trade disruptions with the USSR and a decline in remittances from Gulf countri ...
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Vladimir Lenin
Vladimir Ilyich Ulyanov ( 187021 January 1924), better known as Vladimir Lenin, was a Russian revolutionary, politician and political theorist. He was the first head of government of Soviet Russia from 1917 until Death and state funeral of Vladimir Lenin, his death in 1924, and of the Soviet Union from 1922 until his death. As the founder and leader of the Bolsheviks, Lenin led the October Revolution which established the world's first socialist state. His government won the Russian Civil War and created a one-party state under the Communist Party of the Soviet Union, Communist Party. Ideologically a Marxist, his developments to the ideology are called Leninism. Born into a middle-class family in Simbirsk in the Russian Empire, Lenin embraced revolutionary socialist politics after Aleksandr Ulyanov, his brother was executed in 1887 for plotting to assassinate Alexander III of Russia, the tsar. He was expelled from Kazan Imperial University for participating in student prote ...
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Jagdish Bhagwati
Jagdish Natwarlal Bhagwati (born July 26, 1934) is an Indian-born naturalization, naturalized American economist and one of the most influential trade theorists of his generation. He is a University Professor (Columbia), University Professor of economics and law at Columbia University and a Senior Fellow in International Economics at the Council on Foreign Relations. He has made significant contributions to international International trade, trade theory and economic development. He is widely regarded as the intellectual father of the Economic liberalisation in India, Indian economic reforms of 1991. He is one of the few professors in American academia to have a chair named after him while he was still teaching at the university. He is one of only 10 scholars who hold the title of University Professor at Columbia University. Bhagwati is the recipient of several prestigious awards, including the Order of the Rising Sun, Padma Vibhushan, Frank Seidman Distinguished Award in Political ...
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