Change in Repo Rate by RBI -22.5.2020

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22.5.2020
RBI reduces REPO RATE from 4.4% to 4%

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NOTES- XII Chapter 2- Indian economy 1950-90

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Economic Planning:  Means utilisation of country’s resources in different development activities in accordance with national priorities Goals of Planning in India a. Long Term Goals(To be achieved over a period of 20 years) b. Short Term Goals(To be achieved over a period of five years) LONG TERM GOALS I OBJECTIVES OF PLANNING A. Modernisation – Adoption of new technology and changes in social outlook B. Self reliance – Reducing dependence on imports. C. Economic Growth – Increase in the aggregate output of Goods & services. D. Equity – Reduction in inequality of income and wealth E. Full employment – Refers to a situation when all the people in the working age group is actually engaged in some gainful employment. Reforms in Indian Agriculture A. Institutional Reforms also called Land reforms. (i) Abolition of intermediaries. (ii) Regulation of rent. (iii) Consolidation of holdings. (iv) Ceiling on land holdings. (v) Cooperative Farming B. General reforms. ...
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