The document discusses the introduction of economic planning in India, including the early attempts at planning in the 1930s-1940s and the establishment of the Planning Commission in 1950. It outlines the objectives of economic planning such as increasing employment and self-sufficiency. It then discusses the importance of planning for best utilizing resources, income growth, improving living standards, and more balanced development. The document notes that the Planning Commission oversaw India's five-year plans until it was replaced by NITI Aayog. NITI Aayog aims to foster cooperative federalism and takes a three-year planning approach rather than five-year plans.
The document discusses the three major functions of government in economics according to Professor Musgrave:
1) Allocation function - The government provides goods and services called "social goods" that satisfy collective wants when the market cannot.
2) Distribution function - The government adjusts the distribution of wealth and income to ensure a "fair" state through taxes and transfer payments policies.
3) Stabilization function - The government uses fiscal and monetary policies to maintain high employment, price stability, and economic growth while considering trade and balance of payments effects. This is also called compensatory finance.
1. The document discusses general equilibrium theory (GET) and defines general equilibrium as a state where all markets and decision-making units are in simultaneous equilibrium.
2. It presents a simple two-sector general equilibrium model of an economy with two consumers, two goods, and two factors of production. Equations represent consumer demand, factor supply, factor demand, good supply, and market clearing for goods and factors.
3. With the number of equations equal to the number of unknowns, a general equilibrium solution exists in this Walrasian model under certain assumptions. GET provides a framework for understanding the complexity of economic systems through interdependent markets.
- A liquidity trap is a situation where the short-term nominal interest rate is zero, meaning that increasing the money supply has no effect on output or prices according to traditional Keynesian theory.
- Modern theory argues that monetary policy can still be effective even at zero interest rates by managing expectations about future money supply levels when interest rates rise above zero again.
- For monetary policy to be effective in a liquidity trap, central banks must commit to maintaining lower future interest rates once deflationary shocks subside in order to stimulate expectations about future money supply levels and interest rates.
Rational Expectation and Economic Policy (2017)updated (2).pptxBelaynew4
Rational Expectation and Economic Policy
1) The document discusses rational expectations hypothesis (REH) and its implications for macroeconomic modeling and policy. Under REH, economic agents form expectations rationally based on all available information and economic theory.
2) The document presents a simple IS-LM-AD/AS model to illustrate how REH can be incorporated into macroeconomic models. In the model, aggregate supply and demand depend on expected inflation and prices.
3) The model shows that if households underestimate the price level, they will supply more labor and output will increase. It also discusses how expected inflation, through the Tobin effect, can impact aggregate demand by affecting the real interest rate and investment decisions.
Indian agriculture has a long history and contributes significantly to India's GDP and employment. The WTO was established in 1995 to liberalize international trade, replacing the previous GATT agreement. Under the WTO, the Agreement on Agriculture aims to establish a fair trading system for agriculture. It includes provisions for market access, domestic support, and export subsidies. While the WTO provides opportunities to expand Indian agricultural exports, India also faces challenges such as high domestic support limits and non-tariff barriers imposed by developed countries.
The document discusses globalization and its impact in India. It defines globalization as the integration of markets and increased interconnectedness of national economies. Corporations benefit from globalization through reduced costs, access to new markets and materials. Socially, globalization leads to greater cultural exchange, while politically it shifts attention to international organizations. India has benefited through outsourcing and increased employment and standards of living, though cultural changes have been significant as well. Overall, the document provides an overview of the meaning, advantages, impacts and effects of globalization in India.
The classical doctrine—that the economy is always at or near the natural level of real GDP (full employment)—is based on two firmly held beliefs:
The assumption of the full employment of labour and other productive resources
Belief that prices, wages, and interest rates are flexible.
Keynesian Theory
This document summarizes Nepal's monetary policy objectives and implementation for 2013-2014 as established by the Nepal Rastra Bank (NRB). The key objectives were to support 5.5% economic growth, contain inflation to 8%, and maintain foreign exchange reserves to cover 8 months of imports. The policy focused on price stability, expanding access to financial services, and utilizing credit for productive sectors. Interest rates, reserve requirements, and open market operations were the primary monetary tools used to achieve these objectives and stabilize the economy.
The document discusses the three major functions of government in economics according to Professor Musgrave:
1) Allocation function - The government provides goods and services called "social goods" that satisfy collective wants when the market cannot.
2) Distribution function - The government adjusts the distribution of wealth and income to ensure a "fair" state through taxes and transfer payments policies.
3) Stabilization function - The government uses fiscal and monetary policies to maintain high employment, price stability, and economic growth while considering trade and balance of payments effects. This is also called compensatory finance.
1. The document discusses general equilibrium theory (GET) and defines general equilibrium as a state where all markets and decision-making units are in simultaneous equilibrium.
2. It presents a simple two-sector general equilibrium model of an economy with two consumers, two goods, and two factors of production. Equations represent consumer demand, factor supply, factor demand, good supply, and market clearing for goods and factors.
3. With the number of equations equal to the number of unknowns, a general equilibrium solution exists in this Walrasian model under certain assumptions. GET provides a framework for understanding the complexity of economic systems through interdependent markets.
- A liquidity trap is a situation where the short-term nominal interest rate is zero, meaning that increasing the money supply has no effect on output or prices according to traditional Keynesian theory.
- Modern theory argues that monetary policy can still be effective even at zero interest rates by managing expectations about future money supply levels when interest rates rise above zero again.
- For monetary policy to be effective in a liquidity trap, central banks must commit to maintaining lower future interest rates once deflationary shocks subside in order to stimulate expectations about future money supply levels and interest rates.
Rational Expectation and Economic Policy (2017)updated (2).pptxBelaynew4
Rational Expectation and Economic Policy
1) The document discusses rational expectations hypothesis (REH) and its implications for macroeconomic modeling and policy. Under REH, economic agents form expectations rationally based on all available information and economic theory.
2) The document presents a simple IS-LM-AD/AS model to illustrate how REH can be incorporated into macroeconomic models. In the model, aggregate supply and demand depend on expected inflation and prices.
3) The model shows that if households underestimate the price level, they will supply more labor and output will increase. It also discusses how expected inflation, through the Tobin effect, can impact aggregate demand by affecting the real interest rate and investment decisions.
Indian agriculture has a long history and contributes significantly to India's GDP and employment. The WTO was established in 1995 to liberalize international trade, replacing the previous GATT agreement. Under the WTO, the Agreement on Agriculture aims to establish a fair trading system for agriculture. It includes provisions for market access, domestic support, and export subsidies. While the WTO provides opportunities to expand Indian agricultural exports, India also faces challenges such as high domestic support limits and non-tariff barriers imposed by developed countries.
The document discusses globalization and its impact in India. It defines globalization as the integration of markets and increased interconnectedness of national economies. Corporations benefit from globalization through reduced costs, access to new markets and materials. Socially, globalization leads to greater cultural exchange, while politically it shifts attention to international organizations. India has benefited through outsourcing and increased employment and standards of living, though cultural changes have been significant as well. Overall, the document provides an overview of the meaning, advantages, impacts and effects of globalization in India.
The classical doctrine—that the economy is always at or near the natural level of real GDP (full employment)—is based on two firmly held beliefs:
The assumption of the full employment of labour and other productive resources
Belief that prices, wages, and interest rates are flexible.
Keynesian Theory
This document summarizes Nepal's monetary policy objectives and implementation for 2013-2014 as established by the Nepal Rastra Bank (NRB). The key objectives were to support 5.5% economic growth, contain inflation to 8%, and maintain foreign exchange reserves to cover 8 months of imports. The policy focused on price stability, expanding access to financial services, and utilizing credit for productive sectors. Interest rates, reserve requirements, and open market operations were the primary monetary tools used to achieve these objectives and stabilize the economy.
1) General equilibrium analysis studies when all markets in an economy are simultaneously in equilibrium. It looks at the interdependence between economic agents.
2) The model assumes two goods, two consumers, two factors of production (labor and capital), perfect competition, and profit/utility maximization.
3) Equilibrium in production occurs when firms maximize profits by equalizing marginal rates of technical substitution between goods. Equilibrium in exchange occurs when consumers maximize utility by equalizing marginal rates of substitution between goods with their budget constraints.
4) Overall general equilibrium is reached when rates of substitution are equal between consumers and firms, meaning the economy is using its resources efficiently at the tangency point between the production possibility frontier and indifference
Welfare economics analyzes the optimal allocation of resources and goods to maximize social welfare. It considers both total welfare achieved and how it is distributed. Pareto optimality is a state where no individual can be made better off without making another individual worse off. Ricardian rent theory states that rent arises from differences in land fertility and is determined by the price of agricultural output, not the other way around. Quasi rent is the temporary surplus earned on capital equipment when supply is fixed in the short run.
Capital formation is the process of increasing a country's capital assets through investing in productive infrastructure and equipment. This promotes economic development by raising productivity, technological progress, and standards of living. In developing countries, capital formation relies on both domestic and external resources. Domestically, capital comes from voluntary savings, involuntary savings (e.g. taxes), government borrowing, and utilizing idle resources. Externally, foreign economic assistance such as loans and grants are important sources of capital that help bridge savings gaps, increase employment and productivity, and provide access to new technologies. While necessary, capital alone is not sufficient for development - other factors like education, government effectiveness, and social attitudes also significantly influence economic progress.
Boserup theory of agricultural developmentVaibhav verma
- Esther Boserup developed the Boserup Theory of Agricultural Development which refutes Malthus' theory of population growth.
- She argued that population growth leads to technical and other changes in agriculture that result in increased food production rather than famine.
- Boserup identified 5 stages of agricultural development that societies progress through due to increasing population density: forest fallow, bush fallow, short fallow, annual cropping, and multiple cropping. Each stage requires more intensive use of land and labor.
- Her theory claims population growth is the driving force behind innovation and improvements in farming techniques throughout history in order to feed more people.
This document discusses India's agrarian structure, land reforms, and patterns of asset ownership. It notes that at independence, India had an unequal agrarian structure with absentee landlords, tenant exploitation, unequal land distribution, and fragmented small holdings. Key land reforms included abolishing intermediaries, providing tenancy rights, redistributing land through ceilings, and consolidating holdings. Reforms aimed to change the unequal structure and promote agriculture growth with social justice. Implementation of reforms faced challenges including lack of political will, legal hurdles, and inadequate land records. The document also discusses India's policy for regulating concentration of economic power in industry through the MRTP Act and subsequent Competition Act.
The Lewis dual sector model of development describes an economy transitioning from subsistence agriculture to a more modern, urbanized structure. It consists of two sectors: a traditional subsistence sector with zero marginal productivity of labor, providing surplus labor; and a modern industrial sector where labor is transferred from the traditional sector, expanding output and employment through reinvested profits. However, the model is criticized for assuming profits are always reinvested when they could enable labor-saving investments or capital flight, and for assuming perfect competition in labor markets and unlimited surplus labor, which is inconsistent with historical evidence from developing countries.
The document discusses the theories of balanced growth and unbalanced growth as strategies for economic development in underdeveloped countries. The balanced growth theory proposes simultaneous investment in all sectors to achieve balanced growth, while the unbalanced growth theory argues for creating imbalances by prioritizing large investments in key sectors. The document outlines the perspectives of various economists on each theory and their relative advantages and criticisms.
Kaldor and Hicks developed the compensation principle to evaluate changes in social welfare resulting from economic changes that help some and harm others. Their principle states that if those who gain can compensate the losers and still be better off, the change increases social welfare. They used utility possibility curves to illustrate this, showing how compensation could move individuals to a higher indifference curve. Their theory was criticized for requiring interpersonal utility comparisons and assuming compensation actually occurs.
The life cycle income hypothesis asserts that consumers save and consume based on their optimal consumption pattern over their lifetime, subject to resource constraints. It emphasizes saving during working years to fund consumption in retirement years when income is lower. The hypothesis divides a person's life into three stages - childhood, middle age, and old age - with consumption gradually rising and income peaking in middle age then declining in retirement, resulting in dissaving early and late in life and saving in middle years.
The development gap and how it can be measuredjodiecmills
There are several ways to measure development levels and the gap between developed and developing countries:
1) GDP and GNP per capita are traditional economic measures but don't capture inequalities within countries.
2) Social indicators like health, education, and housing provide a more holistic view of development.
3) Composite indices that combine economic and social factors, such as the Human Development Index, provide a comprehensive overview of development levels.
4) Other indices measure specific issues like the digital divide, gender inequality, and livability between countries. No single measure can fully capture a country's development status.
The Cobb-Douglas production function is widely used to model the relationship between output and two inputs, labor and capital. It takes the form of P(L,K) = B*L^α*K^β, where P is total production, L is labor input, K is capital input, B is total factor productivity, and α and β are output elasticities. The function was formulated by Cobb and Douglas based on statistical evidence showing how U.S. output and the two inputs changed together from 1889-1920. It has since been widely applied despite some criticisms around its lack of microeconomic foundations.
Since pollution is an externality firms will not undertake to control their pollution. The answer is in government regulations. Coase argues that in perfect competition with laissez faire, govt regulation is not needed. Instead bargaining between the polluters and their victims can lead to an optimal situation. But this pre supposes equality in bargaining, and does not take note of ecological consequences of pollution.
The Marshall-Lerner approach states that devaluation of a currency will improve the balance of payments if the sum of the price elasticities of demand for exports and imports is greater than one. Devaluation makes a country's exports cheaper and imports more expensive, which can increase exports and decrease imports to reduce a current account deficit. However, its effects are only seen in the long-run as consumers and producers adjust, and the approach makes simplifying assumptions and ignores factors like domestic inflation and income distribution effects.
This document outlines several key issues facing the Indian economy:
1) Low levels of national and per capita income, with over 60% of the population sharing only 1/3 of national income.
2) Tremendous population pressure from high birth rates and increasing population, which puts strain on economic growth.
3) Unemployment remains a major problem despite some job growth, as employment has not kept pace with the growing labor force.
Interdependence of agriculture and industrygirishpoojary1
This document discusses how industry depends on agriculture in several ways. Agriculture provides raw materials to industries like cotton to textile and oilseeds to oil industries. It also serves as a source of demand for industrial goods as people working in agriculture need items beyond food. Agriculture is a source of labor for industry as workers move from agricultural to industrial jobs as countries develop. Finally, agriculture provides food to industrial workers and is a source of funds for industry through rural savings deposits.
The document discusses capital output ratio (COR) and incremental capital output ratio (ICOR). COR is a measurement of the amount of capital required to produce a given level of output over a period of time. Countries with abundant natural resources tend to have a lower COR since they can substitute capital with resources. ICOR assesses the marginal investment needed to generate the next unit of production, with a higher ICOR indicating less production efficiency. While COR and ICOR provide useful information, they have limitations since capital and output cannot be precisely measured and are influenced by other variable factors. As such, specific ratios should be interpreted cautiously when estimating capital requirements.
PPT_POLITICS OF PLANNED DEVELOPMENT.pptAnilMishra180
This document discusses the history of development planning in India. It outlines how after independence, India adopted a socialist model of development under Nehru, establishing the Planning Commission in 1950 to formulate five-year plans. The National Development Council was formed to approve the plans and secure state cooperation in implementation. In 2015, the Planning Commission was replaced by NITI Aayog as the new development think tank and policy advisor to shift to a more cooperative federal approach engaging states. The document compares the roles and functions of the Planning Commission and NITI Aayog.
1) General equilibrium analysis studies when all markets in an economy are simultaneously in equilibrium. It looks at the interdependence between economic agents.
2) The model assumes two goods, two consumers, two factors of production (labor and capital), perfect competition, and profit/utility maximization.
3) Equilibrium in production occurs when firms maximize profits by equalizing marginal rates of technical substitution between goods. Equilibrium in exchange occurs when consumers maximize utility by equalizing marginal rates of substitution between goods with their budget constraints.
4) Overall general equilibrium is reached when rates of substitution are equal between consumers and firms, meaning the economy is using its resources efficiently at the tangency point between the production possibility frontier and indifference
Welfare economics analyzes the optimal allocation of resources and goods to maximize social welfare. It considers both total welfare achieved and how it is distributed. Pareto optimality is a state where no individual can be made better off without making another individual worse off. Ricardian rent theory states that rent arises from differences in land fertility and is determined by the price of agricultural output, not the other way around. Quasi rent is the temporary surplus earned on capital equipment when supply is fixed in the short run.
Capital formation is the process of increasing a country's capital assets through investing in productive infrastructure and equipment. This promotes economic development by raising productivity, technological progress, and standards of living. In developing countries, capital formation relies on both domestic and external resources. Domestically, capital comes from voluntary savings, involuntary savings (e.g. taxes), government borrowing, and utilizing idle resources. Externally, foreign economic assistance such as loans and grants are important sources of capital that help bridge savings gaps, increase employment and productivity, and provide access to new technologies. While necessary, capital alone is not sufficient for development - other factors like education, government effectiveness, and social attitudes also significantly influence economic progress.
Boserup theory of agricultural developmentVaibhav verma
- Esther Boserup developed the Boserup Theory of Agricultural Development which refutes Malthus' theory of population growth.
- She argued that population growth leads to technical and other changes in agriculture that result in increased food production rather than famine.
- Boserup identified 5 stages of agricultural development that societies progress through due to increasing population density: forest fallow, bush fallow, short fallow, annual cropping, and multiple cropping. Each stage requires more intensive use of land and labor.
- Her theory claims population growth is the driving force behind innovation and improvements in farming techniques throughout history in order to feed more people.
This document discusses India's agrarian structure, land reforms, and patterns of asset ownership. It notes that at independence, India had an unequal agrarian structure with absentee landlords, tenant exploitation, unequal land distribution, and fragmented small holdings. Key land reforms included abolishing intermediaries, providing tenancy rights, redistributing land through ceilings, and consolidating holdings. Reforms aimed to change the unequal structure and promote agriculture growth with social justice. Implementation of reforms faced challenges including lack of political will, legal hurdles, and inadequate land records. The document also discusses India's policy for regulating concentration of economic power in industry through the MRTP Act and subsequent Competition Act.
The Lewis dual sector model of development describes an economy transitioning from subsistence agriculture to a more modern, urbanized structure. It consists of two sectors: a traditional subsistence sector with zero marginal productivity of labor, providing surplus labor; and a modern industrial sector where labor is transferred from the traditional sector, expanding output and employment through reinvested profits. However, the model is criticized for assuming profits are always reinvested when they could enable labor-saving investments or capital flight, and for assuming perfect competition in labor markets and unlimited surplus labor, which is inconsistent with historical evidence from developing countries.
The document discusses the theories of balanced growth and unbalanced growth as strategies for economic development in underdeveloped countries. The balanced growth theory proposes simultaneous investment in all sectors to achieve balanced growth, while the unbalanced growth theory argues for creating imbalances by prioritizing large investments in key sectors. The document outlines the perspectives of various economists on each theory and their relative advantages and criticisms.
Kaldor and Hicks developed the compensation principle to evaluate changes in social welfare resulting from economic changes that help some and harm others. Their principle states that if those who gain can compensate the losers and still be better off, the change increases social welfare. They used utility possibility curves to illustrate this, showing how compensation could move individuals to a higher indifference curve. Their theory was criticized for requiring interpersonal utility comparisons and assuming compensation actually occurs.
The life cycle income hypothesis asserts that consumers save and consume based on their optimal consumption pattern over their lifetime, subject to resource constraints. It emphasizes saving during working years to fund consumption in retirement years when income is lower. The hypothesis divides a person's life into three stages - childhood, middle age, and old age - with consumption gradually rising and income peaking in middle age then declining in retirement, resulting in dissaving early and late in life and saving in middle years.
The development gap and how it can be measuredjodiecmills
There are several ways to measure development levels and the gap between developed and developing countries:
1) GDP and GNP per capita are traditional economic measures but don't capture inequalities within countries.
2) Social indicators like health, education, and housing provide a more holistic view of development.
3) Composite indices that combine economic and social factors, such as the Human Development Index, provide a comprehensive overview of development levels.
4) Other indices measure specific issues like the digital divide, gender inequality, and livability between countries. No single measure can fully capture a country's development status.
The Cobb-Douglas production function is widely used to model the relationship between output and two inputs, labor and capital. It takes the form of P(L,K) = B*L^α*K^β, where P is total production, L is labor input, K is capital input, B is total factor productivity, and α and β are output elasticities. The function was formulated by Cobb and Douglas based on statistical evidence showing how U.S. output and the two inputs changed together from 1889-1920. It has since been widely applied despite some criticisms around its lack of microeconomic foundations.
Since pollution is an externality firms will not undertake to control their pollution. The answer is in government regulations. Coase argues that in perfect competition with laissez faire, govt regulation is not needed. Instead bargaining between the polluters and their victims can lead to an optimal situation. But this pre supposes equality in bargaining, and does not take note of ecological consequences of pollution.
The Marshall-Lerner approach states that devaluation of a currency will improve the balance of payments if the sum of the price elasticities of demand for exports and imports is greater than one. Devaluation makes a country's exports cheaper and imports more expensive, which can increase exports and decrease imports to reduce a current account deficit. However, its effects are only seen in the long-run as consumers and producers adjust, and the approach makes simplifying assumptions and ignores factors like domestic inflation and income distribution effects.
This document outlines several key issues facing the Indian economy:
1) Low levels of national and per capita income, with over 60% of the population sharing only 1/3 of national income.
2) Tremendous population pressure from high birth rates and increasing population, which puts strain on economic growth.
3) Unemployment remains a major problem despite some job growth, as employment has not kept pace with the growing labor force.
Interdependence of agriculture and industrygirishpoojary1
This document discusses how industry depends on agriculture in several ways. Agriculture provides raw materials to industries like cotton to textile and oilseeds to oil industries. It also serves as a source of demand for industrial goods as people working in agriculture need items beyond food. Agriculture is a source of labor for industry as workers move from agricultural to industrial jobs as countries develop. Finally, agriculture provides food to industrial workers and is a source of funds for industry through rural savings deposits.
The document discusses capital output ratio (COR) and incremental capital output ratio (ICOR). COR is a measurement of the amount of capital required to produce a given level of output over a period of time. Countries with abundant natural resources tend to have a lower COR since they can substitute capital with resources. ICOR assesses the marginal investment needed to generate the next unit of production, with a higher ICOR indicating less production efficiency. While COR and ICOR provide useful information, they have limitations since capital and output cannot be precisely measured and are influenced by other variable factors. As such, specific ratios should be interpreted cautiously when estimating capital requirements.
PPT_POLITICS OF PLANNED DEVELOPMENT.pptAnilMishra180
This document discusses the history of development planning in India. It outlines how after independence, India adopted a socialist model of development under Nehru, establishing the Planning Commission in 1950 to formulate five-year plans. The National Development Council was formed to approve the plans and secure state cooperation in implementation. In 2015, the Planning Commission was replaced by NITI Aayog as the new development think tank and policy advisor to shift to a more cooperative federal approach engaging states. The document compares the roles and functions of the Planning Commission and NITI Aayog.
PPT_POLITICS OF PLANNED DEVELOPMENT.pptAnilMishra180
This document discusses the history of development planning in India. It explains that after independence, India adopted a mixed economy model under Nehru that emphasized state-led industrialization and five-year plans to promote economic and social development. The Planning Commission was established in 1950 to formulate and oversee these five-year plans. In 2015, the Planning Commission was replaced by NITI Aayog to be more consultative and cooperative in its approach toward states. The document outlines the roles and functions of the Planning Commission, National Development Council, and NITI Aayog in guiding India's development policies and priorities over the decades since independence.
NITI Aayog was formed in 2015 by the Government of India to replace the Planning Commission as the premier policy think tank of the country. It aims to foster cooperative federalism through structured support initiatives involving both the central and state governments. NITI Aayog does not allocate funds to states and ministries like the Planning Commission did, but takes a bottom-up approach in developing national plans and policies. It also functions as a platform for resolving inter-sectoral and inter-departmental issues to accelerate development.
Planning in India began with the establishment of the Planning Commission in 1950 after independence to aid economic development. India has since completed 12 five-year plans, with objectives evolving from a focus on growth to include equity and poverty alleviation. The Planning Commission was replaced by the NITI Aayog in 2015 to better involve states in policymaking.
This document discusses development planning in Bangladesh. It begins by defining development planning and outlining its objectives. It then describes Bangladesh's institutional arrangements for development planning, including the Planning Commission established in 1972. It outlines the different types of development plans used in Bangladesh, including short-term annual plans, medium-term five-year plans, and long-term perspective plans. It provides details on several five-year plans and Bangladesh's shift to Poverty Reduction Strategy Papers. It concludes by summarizing the goals of Bangladesh's Perspective Plan for 2010-2021.
NITI Aayog replaced the Planning Commission as the premier agency responsible for India's economic development. It was formed to foster cooperative federalism and encourage bottom-up planning involving state governments. NITI Aayog aims to evolve a shared vision for national development priorities and strategies through collaboration between the center and states. It also monitors and evaluates government programs and initiatives to strengthen delivery and impact. The Prime Minister serves as the Chairperson of NITI Aayog with a CEO and part-time experts as members.
The document discusses the Indian economy during the planning era. Key points:
- Planning was adopted after independence to accelerate growth and reduce poverty through increasing incomes. The first few decades saw 3.5-4% growth.
- Objectives of planning included expanding employment, modernizing the economy, promoting social justice and reducing inequality, ensuring sustainable growth, and achieving self-reliance.
- Five-Year Plans were the main mechanism for achieving planning objectives through targeted programs and investments. The 12th Plan aimed for faster, sustainable, and more inclusive growth.
This document provides criticism and arguments against the Planning Commission of India. It summarizes that the Planning Commission:
1) Achieved high GDP growth during 2005-2007 due to the global economic boom at the time rather than any specific policies.
2) Failed to stimulate the economy after the 2008 global financial crisis, as GDP fell and inflation rose from 2008-2013.
3) Reduced reported poverty levels by changing the methodology, but poverty remains high using alternative measures.
4) Lacked accountability and was unable to ensure targets were met by states, ministries and other bodies. The Planning Commission itself had many shortcomings and other advisory bodies were created, reducing coordination.
The Planning Commission of India was replaced by NITI Aayog in 2015 to promote cooperative federalism, address the diverse needs of states, and transform India into a global competitive economy. Key differences include NITI Aayog functioning as a think tank rather than allocating funds, encouraging participation from states in policymaking, and focusing on evidence-based strategic policy frameworks. It aims to foster multi-directional policy flows between central and state governments to achieve equitable development through collaborative efforts.
The NITI Aayog was formed in 2015 by the Government of India to replace the Planning Commission and foster cooperative federalism by involving the states in the economic policymaking process using a bottom-up approach. It aims to achieve sustainable development goals through this approach. The NITI Aayog consists of a Governing Council chaired by the Prime Minister that includes all Chief Ministers. It also has a full-time organ with specialized experts and a CEO. The think tank focuses on policy planning, monitoring development programs, and promoting cooperative federalism between the center and the states.
The Planning Commission was established in 1950 to formulate economic plans for India. It has now been replaced by NITI Aayog, which aims to be more collaborative by involving states in the policymaking process. Key differences include NITI Aayog having fewer full-time members than the Planning Commission and not having the power to allocate funds to states. It will serve as an advisory body and think tank rather than imposing policies. The goal is for NITI Aayog to provide strategic guidance through consultation with states and take a longer term view of development issues.
NITI Aayog replaced the Planning Commission as the premier central government think tank in India in 2015. It was formed to foster cooperative federalism through involvement of state governments in economic policymaking. NITI Aayog aims to develop credible plans through technology and innovation to achieve sustainable development goals. It monitors program implementation and pays special attention to disadvantaged sections. Some achievements include progress on entrepreneurship, infrastructure, federalism, agriculture, digitalization and increasing foreign investment. The Prime Minister chairs NITI Aayog, which also includes a vice chairperson and CEO along with part-time and ex-officio members to advise on economic policy.
The Planning Commission was established in 1950 by the Government of India to foster economic development and social justice. It formulated five-year plans to promote balanced utilization of resources and monitor development programs and funds. Key objectives of early plans included increasing food production, reducing poverty and achieving self-sufficiency. Plans focused on agriculture, irrigation, industry and social development. The Planning Commission was replaced by the NITI Aayog in 2014.
The document discusses India's First Five Year Plan from 1951-1956. The Plan had three main objectives: 1) Correct economic imbalances caused by partition, 2) Initiate balanced development to increase income and living standards, and 3) Progressively reform the socio-economic structure according to the constitution. Key achievements included increasing national income, exceeding food grain production targets, and prioritizing agriculture and community development. However, the Plan faced challenges in equitable distribution and meeting industrialization goals.
The Planning Commission of India was replaced by the National Institution for Transforming India (NITI Aayog) in January 2015. NITI Aayog was formed to improve cooperative federalism and involve states more in the economic policy-making process. It adopts a "bottom-up" approach to planning, in contrast to the Planning Commission's "top-down" model. The Prime Minister serves as the chairperson of NITI Aayog, which aims to provide strategic policy advice to central and state governments.
The document provides details about India's Planning Commission and the country's Five-Year Plans. It discusses:
- The establishment of the Planning Commission in 1950 to formulate India's economic development plans.
- An overview of India's first five Five-Year Plans from 1951-1974, including objectives, outcomes, investments in key sectors like agriculture, industry, and infrastructure.
- The first Plan prioritized agriculture and irrigation, while the second focused on industry and heavy industry. The third Plan aimed for self-reliance but faced challenges.
- Between the third and fourth Plans, three Annual Plans were introduced instead of a full five-year plan due to economic and political issues.
The document discusses India's 12th Five Year Plan and the replacement of the Planning Commission with NITI Aayog. It provides background on Five Year Plans and their objectives in health and development. It outlines the failures of the 11th Plan and objectives of the 12th Plan including faster, more inclusive, and sustainable growth. It then describes the formation of NITI Aayog in 2015 to replace the Planning Commission and foster state government involvement in economic policymaking. The functions of NITI Aayog are listed as providing strategic advice, developing credible plans, focusing on disadvantaged sections, and monitoring/evaluating program implementation.
This document provides an overview of health planning in India. It discusses the Planning Commission, which was the apex body for national planning from 1951 until being replaced by NITI Aayog in 2015. It outlines the composition and roles of both organizations. The Planning Commission formulated Five-Year Plans and advised on economic and social development. NITI Aayog aims to foster cooperation between central and state governments to achieve long-term strategic goals through a think tank approach. Health planning is integrated into overall national socio-economic planning and aims to improve health status through various Five-Year Plans.
Goal Setting (Principles of Management)Jyoti Rastogi
It is a topic of Principles of Management so this ppt will help to all the students of Management, commerce and also who want to learn that how to set their goal.
International trade occurs when countries exchange goods and services. It benefits countries by allowing them to specialize in producing goods where they have lower costs or a comparative advantage. This makes resources more efficiently used globally. International trade takes place as countries have differences in climate, resources, labor, and capital that provide opportunities for specialization. When a country can produce a good at a lower price than another, both countries benefit through trade. The main benefits of international trade are comparative advantage, economies of scale, increased competition, transfer of technology, and more jobs.
Elements, importance of business organisationJyoti Rastogi
The document discusses the six key elements of organizational design: work specialization, departmentalization, chain of command, span of control, centralization/decentralization, and formalization. It explains each element and provides examples to illustrate how they help structure companies and define roles and responsibilities. A well-designed organizational structure is important for effective communication, clear reporting relationships, efficient task completion, and accommodating a company's growth needs.
The document discusses the concept of organization from several perspectives:
- An organization can be defined as a social arrangement that pursues collective goals, controls its own performance, and has boundaries separating it from the environment.
- Organizing establishes relationships between activities and authority within a structure, whether it be a business, charity, or other type of group.
- There are multiple ways to interpret organizing, including how management designs structures, groups work, and establishes relationships among functions, jobs, and employees.
- Key concepts in organization include division of labor, formal charts, chains of command, communication channels, and hierarchies. Organizing is both an art and a science, applying skills and knowledge to solve problems and
The document discusses free trade agreements and their benefits. It notes that free trade agreements allow countries to specialize in goods they can produce efficiently and achieve higher incomes. There are various types of trade agreements including unilateral, bilateral, and multilateral agreements. While free trade agreements provide benefits like increased efficiency and lowered prices, they can also threaten intellectual property and result in unhealthy working conditions. The document provides examples of existing trade blocs and agreements and discusses some benefits they provide like tariff reductions, access to new markets, and trade diversification.
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. It was established in 1995 to oversee and liberalize international trade. The WTO evolved out of the General Agreement on Tariffs and Trade (GATT) and provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process for addressing trade complaints. It has 164 member countries, aims to lower trade barriers, and works to ensure a rules-based global trading system through consensus-based decision making.
This document discusses sampling and sample design. It defines sampling as selecting a subset of individuals from a larger population for statistical analysis. There are different sample design techniques, including probability and non-probability sampling methods. Probability methods like simple random sampling, systematic sampling, and stratified sampling allow researchers to precisely determine the relationship between the sample and population. Effective sample design considers the population, sample units, sampling frame, sampling technique, sample size, and execution of the sampling process. The document provides details on various sampling techniques and their advantages and disadvantages.
The document discusses two methods of data collection: the census method and sampling method. The census method involves collecting data from all members of the population, while the sampling method collects data from a subset of representative units. While the census method provides more accurate results, it is more costly and time-consuming than the sampling method. The sampling method provides quicker results at lower cost but with less reliability than a full census.
The document discusses the Balance of Payments (BOP) statement of a country. It explains that the BOP records all monetary transactions between a country and the rest of the world over a period of time. It includes transactions by individuals, corporations, and the government. The BOP indicates whether a country has a trade surplus or deficit. It also helps the government monitor the economy and make fiscal and trade policy decisions. The BOP has three key accounts - the current account for goods and services, the capital account for asset transactions, and the financial account for investments and intangible assets. Maintaining a balanced BOP is important for economic stability.
The document discusses unemployment in India, including its types, causes, impacts, and remedies. It defines unemployment and notes it is a serious problem in India due to issues like high population growth and slow economic growth. The types of unemployment discussed include rural unemployment like seasonal and disguised unemployment, as well urban unemployment such as industrial and educated unemployment. Causes mentioned include large population, inadequate education and skills, low investments, and regressive social norms. Impacts include increased poverty, crime, and loss of human resources. Remedies suggested are expanding rural employment programs, modernizing agriculture, developing non-farm rural activities, and promoting self-employment and small industries.
The document discusses factors to consider when selecting a plant location, including techniques and procedures. Key factors that influence plant location selection are proximity to markets and supply of materials, availability of labor and infrastructure, and transportation access. The location decision should minimize total costs while meeting the company's long-term strategies. Effective evaluation of economic factors like raw materials, labor, utilities, and local incentives is important. Both urban and rural areas have advantages and disadvantages that must be weighed when choosing the optimal site location.
The document discusses the liberalization reforms that occurred in India starting in 1991. It provides background on the meaning and objectives of liberalization, which aims to reduce government restrictions on private businesses to promote growth. The major reforms included deregulating industries, reforming the financial sector through increased competition and interest rate deregulation, simplifying tax structures, and opening the foreign exchange market through measures like currency devaluation and reduced import/export barriers. The impacts of liberalization included increased investment, technology improvements, diversification, and unlocking India's economic potential through private sector expansion.
GST is a comprehensive indirect tax that will replace multiple taxes into a single tax applicable at all stages of supply of goods and services. It is based on the principle of destination and follows a dual GST model with CGST imposed by the central government and SGST by state governments. Exports are zero-rated while imports attract an IGST in addition to basic customs duty. GST will merge several indirect taxes and is divided into multiple tax slabs with the maximum rate being 28%. Certain items like alcohol and petroleum products are temporarily exempted from GST.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
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Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
2. Introduction of Economic Planning in India
In India the first systematic attempt of economic planning was made in
1934when M.Vishvesyaryya published his book ‘Planned Economy for India’.
In 1937, Subhash Chandra Bose the President of Indian National Congress set
up the National Planning Committee with Pt. Jawaharlal Nehru as Chairman.
In the mean time 8 leading industrialist of Bombay submitted the ‘Bombay
Plan’ in 1943.
Shri M.N.Roy also released simultaneously his ‘10 year People’s Plan’.
After that the National Planning Committee submitted its long awaited report
in 1948.
After Independence Indian Planning Commission was formed in 15th March,
1950.
The First Five Year Plan commenced in 1950-51 and it was followed by a series
of Five-Year Plans.
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Jyoti Rastogi (Assistant Professor)
3. Objectives of Economic Planning in India
OBJECTIVES
Economic
Development
Increase
Employment
Self-
Sufficient
Economic
Stability
Social Welfare
and Services
Regional
Development
Comprehensive
Development
To Reduce
Economic
Inequalities
Social
Justice
Increase in
Standard of
Living
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Jyoti Rastogi (Assistant Professor)
4. The importance of economic planning
Best Utilisation of Natural Resources: By adopting the process of economic planning it is
possible to utilise available labour and capital in the interest of nation which helps in
maximisation of national output.
Growth in National and per capita Income: The maximum level of production increases
the level of savings and investment which ultimately provide sufficient capital for economic
development.
Improvement in Living Standard: The main reason responsible behind such a miserable
situation has been low level of per capita income and social evils which can be improved by
adopting the process of planning.
Balanced Economic Development: While preparing industrial plan, more emphasis has
been given to development of consumer industries whereas much is left remained to plan for
development of basic industries.
Full Employment: The problem of unemployment can be scale-down by encouraging
development of small and cottage industries in the country. In India’s five-year plans, efforts
have been made to generate more and more employment opportunities.
Equal Distribution of Wealth and Income: A small minority of population is rolling in
luxuries, while the vast masses of people are unable to make their both ends meet. The most
undesirable phenomenon in the country and intensity of which can be minimised by adopting
planned economy.
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Jyoti Rastogi (Assistant Professor)
5. Planning Commission
Planning Commission, agency of the government of India established in 1950
to oversee the country’s economic and social development, chiefly through the
formulation of five-year plans.
The commission’s original mandate was to raise the standard of living of
ordinary Indians by efficiently exploiting the country’s material and human
resources, boosting production, and creating employment opportunities for all.
It is today responsible for periodically assessing the country’s resources;
developing five-year plans, along with strategies for implementing them; and
monitoring the execution of the plans and recommending adjustments of policy
as outcomes warrant. The country’s first five-year plan was launched in 1951.
The commission is chaired by India’s prime minister and includes a deputy
chairman and several full-time members. Each of the numerous divisions of the
commission, corresponding to sectors of the national economy and society, is
headed by a senior officer. The divisions include education, health,
infrastructure, science, financial resources, industry, social welfare, rural
development, and water resources.
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Jyoti Rastogi (Assistant Professor)
6. The end of Five-Year Plans
The decades-old Five-Year Plans will make way for a three-year action
plan, which will be part of a seven-year strategy paper and a 15-year
vision document.
A key component of the Nehruvian socialism—the economic approach
adopted by India's first Prime Minister Jawaharlal Nehru—the Five-
Year Plans have been laid to rest by the Narendra Modi-led NDA
government.
The 12th Plan, the last of the Five-Year Plans, is to an end on March 31,
2017, though it has been given an extension of six months to allow
ministries to complete their appraisals.
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Jyoti Rastogi (Assistant Professor)
7. Five Year Plan (1951 – 2017)
What were Five-Year plans?
Five-Year Plans (FYPs) were centralised economic and social growth programs.
Joseph Stalin, president of the erstwhile USSR, implemented the first Five-Year
Plan in the late 1920s. India too followed the socialist path but here the planning
was not as comprehensive since the country had both public and private sectors.
The planning in India was only about the public sector. The first Five-Year Plan
was launched in 1951. The idea was to plan public spending for equitable growth
rather than leaving expenditure to the market forces.
Why they aren't needed now
For a long time, there had been a feeling that for a country as diverse and big as
India, centralised planning could not work beyond a point due to its one-size-fits-
all approach. Moreover, since the Planning Commission used to be controlled by
the Central government, it often ended up as a tool to punish states ruled by the
opposition parties when it came to allocating funds. Due to the top-to-bottom
approach in centralised planning, it was felt that the states needed to have greater
say in planning their expenditure. The Planning Commission was seen to be
imposing its diktats on states who could have better known what and how much
they needed.
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Jyoti Rastogi (Assistant Professor)
8. NITI AYOG
How is Niti Ayog different?
The Niti Ayog, which has replaced the Planning Commission, is the new
body that gives policy direction. Its founding principal is ‘cooperative
federalism’. Most important difference is that Niti Ayog has no power to
grant funds or make decisions on behalf of states. It is only an advisory
body.
Is the three-year action plan the new Five-Year Plan?
No. This document only provides a broad roadmap to the government. The
document does not detail any schemes or allocations as it has no financial
powers. Since it need not be approved by the Union Cabinet, its
recommendations are not binding on the government. With the
government having done away with the categorisation of expenditure into
plan and non-plan heads, the documents of the Niti Ayog have no financial
role. They are only policy guide maps for the government.
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Jyoti Rastogi (Assistant Professor)
9. NITI AYOG
N.C. Saxena, former member of the planning commission,
said the government had to prepare a 15-year agenda to meet
sustainable development goals by 2030.
“India has to achieve 16 goals which has 169 sub-targets by
2030. These are not only sustainable goals but have a larger
focus. So there has to be a vision or plan in place to see how
these targets will be met and how much resources will be
required to achieve this. So to a certain extent, there is a
mandatory part to the NITI Aayog’s 15-year development
plan," he said.
“On the other hand, since the planning commission was
abolished, there was no longer any need for 5-year plans given
that every department finalizes its budget and the finance
ministry takes a final call on the allocations required," he
added.
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Jyoti Rastogi (Assistant Professor)
10. The NITI Aayog
The Prime Minister appoints a CEO and a Vice-Chairperson
of the NITI Aayog.
Further, it has some full-time as well as part-time members
along with four Union Ministers serving as ex-officio
members.
It also has a governing council which includes all State
Chief Ministers and Lt. Governors of the Union Territories.
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Jyoti Rastogi (Assistant Professor)
11. What does the NITI Aayog mean?
A policy think tank of the Government, the NITI Aayog means:
A group of people that the Government entrusts for formulating and
regulating policies concerning the transformation of India.
A Commission assists the Government in both social and economic
issues.
An institution with experts
A body that actively monitors and evaluates the implementation of the
Government’s programs and initiatives.
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Jyoti Rastogi (Assistant Professor)
12. Features of NITI Ayog
NITI Aayog is developing itself as a State-of-the-art Resource Centre,
with the necessary resources, knowledge and skills, that will enable it to
act with speed, promote research and innovation, provide strategic
policy vision for the government, and deal with contingent issues.
NITI Aayog’s entire gamut of activities can be divided into four main
heads:
Design Policy & Programme Framework
Foster Cooperative Federalism
Monitoring & Evaluation
Think Tank and Knowledge & Innovation Hub
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Jyoti Rastogi (Assistant Professor)
13. Objectives of NITI Aayog
1. To evolve a shared vision of national development priorities, sectors and strategies with the
active involvement of States in the light of national objectives.
2. To foster cooperative federalism through structured support initiatives and mechanisms with
the States on a continuous basis, recognizing that strong States make a strong nation.
3. To develop mechanisms to formulate credible plans at the village level and aggregate these
progressively at higher levels of government.
4. To ensure that the interests of national security are incorporated in economic strategy and
policy.
5. To pay special attention to the sections of our society that may be at risk of not benefitting
adequately from economic progress.
6. To design strategic and long term policy and programme frameworks and initiatives, and
monitor their progress and their efficacy.
7. To provide advice and encourage partnerships between key stakeholders and national and
international like-minded Think Tanks, as well as educational and policy research
institutions.
8. To focus on technology up gradation and capacity building for implementation of
programmes and initiatives.
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Jyoti Rastogi (Assistant Professor)
14. Composition of NITI Aayog
1. Prime Minister of India as the Chairperson
2. Governing Council comprising the Chief Ministers of all the States and Lt. Governors of
Union Territories
3. Regional Councils will be convened to address specific issues and contingencies impacting
more than one state or a region by the Prime Minister and will comprise of the Chief
Ministers of States and Lt. Governors of Union Territories in the region.
4. Experts, specialists and practitioners as special invitees nominated by the Prime Minister
5. The full-time organizational framework will comprise of, in addition to the Prime
Minister as the Chairperson:
i. Vice-Chairperson to be appointed by the Prime Minister
ii. Full-time members
iii. Maximum of 2 part-time members from leading universities research organizations
and other relevant institutions in an ex-officio capacity
iv. Maximum of 4 members of the Union Council of Ministers to be nominated by the
Prime Minister as Ex Officio members
v. Chief Executive Officer to be appointed by the Prime Minister for a fixed tenure, in the
rank of Secretary to the Government of India.
vi. Secretariat as deemed necessary.
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Jyoti Rastogi (Assistant Professor)
15. The measures were taken by the NITI Aayog to
help India face complex challenges
Leverage India’s demographic dividend and realize the potential
of young men and women. This is done through imparting
education, skill development, the elimination of gender bias and
providing employment opportunities.
Eliminate poverty and offer Indians a better chance to live a life
of dignity and respect.
Redress inequalities based on gender bias, caste, and economic
disparities.
Integrate villages into the development process of the country.
Provide policy support to more than 50 million businesses – a
major source of employment generation.
Safeguard our environmental and ecological assets.
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Jyoti Rastogi (Assistant Professor)