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Showing posts from March 29, 2010


This chapter deals with the three major challenges that Indian economy is facing today. They are poverty, unemployment and price rise. POVERTY It is a situationin which a person is unable to get minimum basic necessities of life, i.e.. food, clothing and shelter for his or her living.In economic terms they are calledpoverty ridden and are people living below poverty line (BPL). MASS POVERTY:When a large section of the people in an economy are deprived of the basic necessities, that economy is said to be in mass poverty. MEASUREMENT OF POVERTY: Since it is the responsibility of the state to remove poverty , it has to take certain steps. -developing an appropriate mechanism to identify the poverty – ridden people. -estimate the total number of poverty-ridden persons with the help of that mechanism. In the first approach, expenditure incurred by a family on various items is used. In the second , the income earned by a family is used. EXPENDITURE METHOD:The total mi…

India's Economy — The Challenges Ahead*

Montek Singh Ahluwalia**
The new economic policies have caused a total change in the way in which India does business. Together with a more competitive climate, the responsibilities placed on industry and its managers have become much greater. There are challenges facing managers together with hope for more initiative and creativity, leading to success for industry and for the whole nation.
Your Work will be in the 21st Century
Let me say first of all that I feel deeply honoured and privileged to be invited to give the Convocation Address at XLRI which has already distinguished itself as one of our premier management institutes in the country. It is particularly touching to be doing so in this city, which after all symbolizes one of the earliest solid achievements of Indian industry. I must confess that when I was asked to speak I thought it was quite an awesome responsibility to have to talk to a graduating management class. A class which after the first 4 or 5 years of on the job train…

Dr B.R.Ambedkar – part A

The contemporary debate on Dalit identity and empowerment bears a deep imprint of a political and social legacy of national movement and political awakening in India. Dr. B. R. Ambedkar is an important part of this legacy. He singlehandedly struggled for the upliftment of down trodden low castes of Indian society, for giving them social equality and self-respect and for their political empowerment. He was one of the best legal minds produced by modern India. His contribution in the framing of the Indian Constitution earned him the title of father of Indian Constitu tion. He was a voracious reader. It is
significant that he built a bungalow in Bombay and named it 'Rajgriha' or Buddha's palace. Like other great personalities namely M. R. Jaykar, Jawaharlal Nehru or justice K. T. Telang,, he maintained his personal library in his house. About his vision and preaching, W. N. Kuber rightly remarks, "He preached by his own example, that the 'worth' not the 'birth…