LAND UTILIZATION Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
THE WORLD BANK
Origin of the bank
The International Bank for Reconstruction and Development (IBRD) or The World Bank was established in 1945 under the Bretton Woods Agreement of 1944 to assist in bringing about a smooth transition from a war time to peace time economy .
Membership of the Fund
The members of the International Monetary Fund are the members of IBRD. It had 180 members in 2015.If a country resigns its membership, it is required to pay back all the loans with interest on due dates. If the Bank incurs financial loss in the years in which member resigns, it is required to pay its share of loss on demand.
Functions of the Bank
a)To assist in the development of territories of its members by facilitating tthe investment of capital.
b)To encourage the development of productive facilities and resources ib less development countries.
c)To promote foreign investment by means of guarantees on participation in loans.
d)To supplement private investment by providing finance for productive purpose our of its own resources or from borrowed funds.
e)To promote long range balanced growth of international trade .
f)To maintain equilibrium in the BOP of members countries by encouraging international investment for development of their productive resources.
g)To assist in raising productivity, the standard of living and conditions of workers in their territories.
h)To arrange the loans made or guaranteed by it in relation to international loans through other channels so that useful and urgent small or large projects are handled first.
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