Economy

Difference between Niti aayog and the planning commission Niti aayog Niti Aayog is the apex public policy think tank of the Government of India. Also, the nodal agency handles the task of accelerating economic development and fostering cooperative federalism. This development through fostering cooperative federalism is done with the involvement of the State governments of … Read more

National Planning Council National Planning Council was set up on August 6, 1952. It was established to strengthen and mobilize the resources of the country. This is done to support the Five-year plans of the Planning Commission. The National Planning Council was constituted during the fourth plan in 1965. Goals Its goal is to promote … Read more

Mixed economy in India Mixed economy is economy where there is public sector and private sector. The idea of a mixed economy was thus adopted which included the liberal policy of encouraging private enterprises and also promoting the public sector for the good of society by socializing the means of production and giving powers to … Read more

Planning exists in all economies. A planned system aims for the systematic utilization of the limited resources available in the state for long-term development. Also, the state or a nation aims to increase the national dividend, output, employment and also to enhance the social welfare of the people of different communities, especially the oppressed and … Read more

Public Debt Public debt is the total of all borrowings of the government. It includes total liabilities borrowed by the government to meet its development budget. This has to be paid from the Consolidated Fund of India. This term also referred to the overall liabilities of both state and union governments. Also, in the case … Read more

Adjusted Net Bank Credit is a term used in defining the different targets under Priority Sector Lending. ANBC includes the total credit forwarded by the banks with other investments made by it which are not its financial obligations that represent any outstanding debts or regular payments that a party must make. the total credit includes … Read more

The planning commission was scrapped on 13 Aug 2014. This was replaced by Niti Aayog. The new National Institution for Transforming India (NITI) will act more like a think tank or a forum, in contrast with the Commission which imposed five-year plans and allocated resources to meet set economic targets. Reason NITI Aayog Replaced Planning … Read more

Foreign Portfolio Investment It is a grouping of assets such as bonds, stocks, and other cash equivalents. These investments are either held by investors directly or managed by financial professionals. Also, it consists of securities and other financial assets passively held by foreign investors. It is an investment made by a firm or individual in … Read more

Make in India is an initiative by the Government of India to make and encourage companies to manufacture in India and incentivize dedicated investments into manufacturing. The policy approach was to create a conducive environment for investments, develop a modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement, and aimed “to transform … Read more

NITI AAYOG Niti Aayog is a policy think tank of the government of India. Niti Aayog’s full form is ‘National Institution for Transforming India, which replaced the Planning Commission. It is neither a constitutional body nor a statutory body. Niti Aayog decentralized the idea of making the entire planning process. The state governments are also … Read more