INDIAN ECONOMY 1991

                                  LPG  POLICIES

The economy of India had undergone significant policy shifts in the beginning of the 1990. This new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation and Globalisation model. The primary objective of this model was to make the economy of India the fastest developing economy in the globe with capabilities that help it match up with the biggest economies of the world.

Highlights of the LPG Policy
Given below are the salient highlights of the Liberalisation, Privatisation and Globalisation Policy in India:

• Foreign Technology Agreements
• Foreign Investment
• MRTP Act, 1969 (Amended)
• Industrial Licensing
• Deregulation
• Beginning of privatisation
• Opportunities for overseas trade
• Steps to regulate inflation
• Tax reforms
• Abolition of License -Permit Raj

Ab ki baar trump sarkaar

In the US as much awaited elections result are declared we r very hopeful that Indian economy will be benefitted from trump policies and both the economy work together for the growth of each other and will come forward jointly and firmly to eradicate terrorism.

IMPORTANT POINTS

 BRICS SUMMIT



http://brics2016.gov.in/upload/Goa%20Declaration%20and%20Action%20Plan.pdf

KEY POINTS

PREPRATIONS TIPS TO SCORE GOOD MARKS

Economics

• • Stick to the syllabus prescribed by CBSE.
  • Plan your revision schedule to avoid last moment stress.
  • Make a flow chart of every chapter.
  • Prepare effective notes of terms, definitions and important points chapter wise.
  • These will suffice for final revision before the exam.
  • Practise drawing neatly-labelled diagrams.
  • Unlabelled diagrams do not convey any meaning.
  • Use schedules/diagrams to revise the concepts. Hone up your analytical skills.
  • Understand the reasons for the relationship between variables - such as total product and marginal product, total fixed cost and average fixed cost etc.
  • While revising the paper, ensure the following: Write the correct equation/ formula - follow a logical pattern.
  • Transfer correct values from the question to answer.
  • Try and reduce writing time to two-and-a-half-hours to ensure ample revision time of the written answer for yourself.
  • If you get stuck, try to remember a related fact. If that does not work, go on to the next question. Come back to it later.
  • Be neat in presentation of your answer.
  • Highlight/underline the salient points.

SYLLABUS

HELLO MY DEAR STUDENTS
PLZ FIND THE  UPDATED SYLLABUS OF X1 ECONOMICIS BY CLICKING ON THE LINK. GIVEN BELOW. START PREPRATIONS.
ALL THE BEST.
EARLY START WILL LEADS TO GOOD RESULTS.




http://www.cbsesyllabus.in/class-11/economics-class-11-syllabus

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SPECIAL ECONOMIC ZONES (SEZ)

          sez

A special economic zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's domestic economic laws. India has specific laws for its SEZs.

The category 'SEZ' covers a broad range of more specific zone types, including Free Trade Zones (FTZ), Export processing zones (EPZ), Free Zones (FZ), Industrial Estates(IE), Free ports, Urban Enterprise Zones and others. Usually the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a Multi National Corporation (MNC).

http://image.slidesharecdn.com/sez-120123014152-phpapp01/95/sez-in-india-4-728.jpg?cb=1327283430

HAPPY INDEPENDENCE DAY

                                         wish you all a very happy independence day

 

https://www.socialbuzzcom.com/wp-content/uploads/2016/08/independence-day-pictures.jpg

Lorenz curve

A very nice video on Lorenz curve and can make you learn the concepts more precisely