Category: Industry

Criticism 1. Does not provide comprehensive solution of unemployment: Keynes theory does provide solution of all types of unemployment. It deals with only cyclical unemployment.Keynes did not attempt to solve frictional, technological unemployment and chronic unemployment of under-developed countries.Keynes did not elaborate how to secure fair employment. A complete theory should explain how to get both full and fair employment. Image Source : peacechild.org 2. Unrealistic assumption of perfect competition: In real business world imperfect competition is found instead of perfect competition even in capitalist economics. Therefore, it is not applicable in advanced economies. 3. No determinate functional relationship between effective demand and employment: Critics point out that there cannot be a definite functional relationship between ED and employment. Keynes did not provide any evidence of this functional relationship.There is…

The National Tourist Organisation (NTO) is the body responsible for the formulation and implementation of national tourist policy. It is the proper agency and instrument for the execution of the national government’s responsibilities for the control, direction and promotion of tourism.All countries which are engaged in tourism have a national tourism organisation which plays a leading role in both the formulation and the implementation of the government’s tourism programme.This organisation is also responsible for coordinating the different activities of all the bodies interested in tourism development. The national tourist organisation may be a full- fledged ministry, a directorate general, a department, corporation or board. ADVERTISEMENTS: There is, however, no set formula as to what constitutes the most satisfactory constitutional arrangement for the national tourism body. Tourism ranks as a full…

This Act has been brought into force from November, 1986. Its salient features are:(a) Conferring powers on the Central Government to:(i) Take all necessary measures for protecting quality of environment, ADVERTISEMENTS: (ii) Co-ordinate actions of States, officers and other authorities under this Act,(iii) Plan and execute a nationwide programme for prevention, control and abatement of environmental pollution,(iv) Lay down standards for discharge of environmental pollutants, Image Source: fresenius-kabi.com ADVERTISEMENTS: (v) Empower any person to enter, inspect, take samples and test,(vi) Establish or recognise environmental laboratories,(vii) Appoint or recognise government analysts, (viii) lay down standards for quality of environment,(ix) Restrict areas in which any industries, operations or processes may not be carried out subject to certain safeguards, ADVERTISEMENTS: (x) Lay down safeguards for prevention of accidents and take remedial measures in…

Under Section 22 of the Chartered Accountants Act, 1949, professional misconduct has been defined as, ” For the purpose of this Act, the expression ‘professional misconduct’ shall be deemed to include any act of omission specified in any of the Schedules, but nothing in this section shall be construed to limit or abridge in any way the power conferred or duty cast on the Council under sub-section (i) of section 21 to enquire into the conduct of any member of the Institute under any other circumstances.” Clause – 1: ADVERTISEMENTS: “If he allows any person to practice in his name as a Chartered Accountant unless such person is also a chartered accountant in practice and is in partnership with or employed by himself.” According to this clause, no member of…

In order to maximize returns from the investments in science and technology, it is necessary that policies covering S&T, Industry, Finance and Agriculture must be meaningfully intermeshed.The recent Industrial Policy has reserved only very few industries for the public sector, reduced the sectors where industrial licensing was earlier necessary, liberalised the procedures relating to technology acquisition and investment, removed the restrictions on large companies and redefined the goals of the public sector undertakings.For this, the technology development must take place in a competitive environment and the policy for industrial research and development should be appropriately reoriented. In the formulation of future policy for the industrial R&D, the spirit and guidelines of the New Industrial Policy must be followed. Image Source: current-affairs.org ADVERTISEMENTS: In consonance with the agricultural policy, S&T inputs…

We are living in an era where the traditional forms and processes of teaching and learning are changing rapidly.The ancient ideal of the institutions of higher learning being a kind of cloister or an ashram where seekers of knowledge could abstract themselves from the persistent problems of daily life, and concentrate on higher values and principles, is no longer meaningful.One of the important aims of institutions of higher learning is to prepare the youth for work, to equip them for occupations, as well as prepare them for cultivated intellectual and human lives. ADVERTISEMENTS: The institutions of higher learning—the universities and colleges, come into contact with students in the formative stages of their life.The students not only study the prescribed syllabus but also acquire the intellectual equipment with which they face…

The major problems of the environment are recognized as global climatic change, ozone depletion, water and air pollutions, deforesta­tion and resources degradation.23 billion tones of carbon dioxide is released in the air by burning fossil fuels causing Greenhouse effect. The Greenhouse gases are mainly contributed by the industrialized nations.By the middle of 21st century, earth’s temperature at present level of heat emission would go up by one to three degree Celsius and the sea level would rise between 30 to 100 centimeters. ADVERTISEMENTS: India has witnessed alarming environmental degradation in the last two decades. It is the sixth largest and the second fastest producer of Greenhouse gases.The key environmental pollutions related to indus­tries in India are water pollution, soil erosion, ground water contamina­tion and deforestation. Indian rivers are also suffering…

Strike can be defined as the denial to do work by an organized group of workers. Then they are said to have been gone on strike.The associations of the workers raise some demands before the manage­ment and stops work upto its fulfillment. ADVERTISEMENTS: There is not a common opinion of people regarding these strikes. Some are of the view that strikes should be declared illegal and should be stopped with iron hands.But some have other opinion about it. They say that they are the natural offspring’s of our industrial system. Image Source: libcom.orgBefore industrialization workers were at the mercy of their masters but after industrialization unions of workers came into existence to safe­guard the interests of the workers.In the previous days the worker had to compromise with the dictates of…

Free Essay on My Motherland for Kids – India is my country. It is a country of villages. Most people live in the villages than in the cities. There are big cities like Mumbai and Delhi.The Himalayas, the highest mountain in the world, are in the north. There are many rivers but Ganga is the longest.We have set up big industries and built dams. We grow several kinds of crops too. India is known for its lions, elephants and tigers. The peacock is the national bird of India. Image Source: payload217.cargocollective.com ADVERTISEMENTS: It is a country of great saints and sages. She has given birth to scholars like C.V. Raman, Ravinder Nath Tagore, Dr. J.C. Bose and Dr.Homi Bhabha. The land of Upanishads, Mahabharata, and Ramayana has been the cradle…

Essay on Self-Reliance in India – Progress and Objectives. As the country achieved Independence on August 15, 1947, our political masters found out that India had been bled to the point of extinction.The country had successfully overthrown slavery at the huge cost of life, partition and uprooting millions from their home and hearth and now was heading towards economic slavery.Food production, production of essential items, fertilizers, steel and even cotton textiles were below the required level. Weapons to arm the army, navy and air force were also to be procured from outside and the economic slavery was complete. The democratic right to existence was becoming a myth. Self-sufficiency had become distant. Image Source: cdn1.tnwcdn.com ADVERTISEMENTS: It was at this time that self-reliance was seriously considered, to get out of the…