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Land utilisation

  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...
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Price rise in economy

PRICE RISE IN ECONOMY
Introduction
The finance minister announced a tax cut on fuel and reduction in customs duty for imported raw materials.  A further tightening of monetary policy is expected.

Inflation vs jobs
Policymakers are more worried about high inflation than high unemployment.  When an economy goes through a phase of high inflation, chances are that unemployment rate will. While high inflation may be robbing people of their purchasing power, it often ends up getting unemployed jobs. 

Options
•The political sensitivity to high unemployment and high inflation varies from country to country and is influenced by past experience. •The central bank is mandated to give equal weightage to achieve maximum employment and containing inflation. 
•According to study, 'A one percentage point increase in unemployment rate lowers well being by more than five times as much as one percentage point increase in the inflation rate. 
•The situation is more complex in India. Since 2016,the country has been facing rather high levels of unemployment. 

Ways to control inflation
•India's current inflationary spiral is largely driven by 'Cost push' inflation. 
•In this situation, a tighter monetary policy,is an inefficient instrument.
•This is because higher interest rates can bring down fuel prices.  It can only control inflation in the economy. 
•By slowing down overall demand and by extension, the GDP growth rate, a tighter monetary policy is expected to allow the "supply" more time to get in sync with "demand" .
•The fiscal policy of taxation and expenditure can help. 
•The cutting of taxes on fuel and custom duty on imported raw material will moderate inflation and overall demand.
•From the expenditure  front,  the key point is that monetary tightening will result in slower GDP growth and lower revenues for the government. 
•The government here should boosts economy's capacity to produce more and curtail borrowing money for consumption expenditure. 
•It is important as Higher interest rate will lead to lower investment from private sector. 
•The government should step up investment in small infrastructure projects as doing so will provide support to beleaguered MSME's

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