Skip to main content

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...
Post a Comment

Public finance-Role

PUBLIC FINANCE -ROLE
In modern times , public finance has assumed great economic and social importance in both developed and developing countries due to increasing functions of state.
The main role of public finance in the economy is mentioned as under :
a)Economic system - In General theory , the government should interfere in the Economic activities in order to save capitalist economy from ill effects of trade cycles.
The objective of public finance is to increase or decrease effective demand to attain economic goals of the country  and in order to achieve these national objectives in mixed economy ,there is no harm in adopting deficit budget .
In socialist economy, all economic activities are completely understand the control of government. Therefore the economic activities are completely performed through public finance.
b)Developed countries : The government has to play important role in developed economy during the periods of trade cycles. Thus economic stability and maintenance of full employment are two goals of public finance in developed countries.
c)Developing countries:In developing countries,the aim of public finance is to achieve economic development along with stability and social justice  by improving the economic life,reducing regional imbalances.
d) Capital formation: Deficiency of capital is major obstacle in the way of economic development of underdeveloped countries.Capital formation means increasing saving and investment in the country. By mobilising resources of government through taxation , borrowing resources can be made available for investment also.
e) Economic stability:It means avoidance of inflationary and deflationary conditions. It also implies stability in economic activity,income output,employment. The government can achieve objective by adopting the policies of government expenditure , compensatory expenditure during depression , reducing unproductive non development expenditure during inflation.
f) Employment: Through public expenditure,employment opportunities can be increased. It can be generated by setting up of new industries,encouraging small scale industries and cottage industries.
g)Regional imbalances: This objectives can be achieved by diverting private industries in rural areas through the provision of cheap credit , power , transport .
h) Inequalities of income and wealth :Wide gap exists between rich and poor in developing countries. This can be reduced by fiscal measures of taxation and public expenditure. Heavy taxes should be imposed on rich and luxurious goods. The resources collected from these should be used for increasing real income of poor.
I) Improving economic life of poor: The economic conditions of poor can be improved through government activities -
•Taxation policy can be adopted to influence productive activities of people.
•Government can spend it's revenue to provide Better amenities to common people.
•Through financial policies, government can reduce gap between rich and poor.
•By taxing luxurious goods, the demand for these goods can be reduced.
•The government can divert it's resources to production of necessities .
•Government can discourage the usage of harmful goods like liquor or intoxicants.
•By establishing industries in public sector ,production of goods of mass consumption , should be available for poor at cheaper rates.
•Government can introduce various schemes of employment generation and poverty eradication.
j) Curbing undesirable consumption: Consumption of undesirable goods like liquor, cigarette, opium is harmful from social point of view. These should be discouraged by heavy taxes .
k) Satisfaction of social wants : Wants such as roads, bridges , public health , food , electricity are social wants and Merit wants such as educational , free medical facilities , low cost housing are satisfied by the government through its expenditure.

Comments

Post a Comment

Popular posts from this blog

Role of capitalism

ROLE OF CAPITALISM IN DEVELOPING ECONOMY Capitalism is that part of the economics where there is no role of government agencies. The sole supe power of capitalism is in the hands of private owners. This means that if private is working on the behalf of government, instead of social welfare, their main objective is to have profits. Features Lack of intervention of government. Role of private firms. Role of price mechanisms. Advantages Encourages innovation Efficient firm incentives Consumers can choose services of their choice. Prevents government from interrupting. Creates climate of innovation and economic expansion. Helps in increasing GDP. Disadvantages Firms can gain monopoly power. Externalities damages the environment. Prone to boom and bust in the economic cycles. Inequality creates social division. Capitalist market crashes causes economic downturn , uneven business cycles. There is difficulty in mobilising unprofitable sector into profitable sectors. By taking advantage of poo...
Post a Comment
Read more

Tokenization

Tokenization  Tokenization is the process of turning sensitive data into non-sensitive data called "tokens" that can be used in a database or internal system without bringing it into scope.  •It can be used to secure sensitive data by replacing the original data with an unrelated value of the same length and format.  •The tokens are then sent to an organization’s internal systems for use, and the original data is stored in a secure token vault. •The purpose of tokenization is to swap out sensitive data—typically payment card or bank account numbers—with a randomized number in the same format but with no intrinsic value of its own. •Tokenization is the process of removing sensitive data from your business systems by replacing it with an undecipherable token and storing the original data in a secure cloud data vault.  Token will be unique for a combination of card, token requestor (i.e. the entity which accepts request from the customer for tokenisation of a card and p...
Post a Comment
Read more

Wheat crisis

WHEAT CRISES  Introduction : •On may 4,the government lowered its wheat production for the crop year ending june.  •The production is expected to fall during warm weather condition on most part of wheat producing states of Punjab, Haryana, Madhya Pradesh,  Uttar Pradesh.  Decline in wheat production •Wheat production has seen a drop during winter. In last marketing year, the government had purchased from farmers.  •During the same time,  announcement came declaring 'unfolding war in Ukraine' which give rise ti acute food insecurity in countries . •After 5 straight years of bumper output of wheat,  unprecedented heat waves  causes substantial loss to the crop . Early summer affects the crop yields in the wheat producing states . Government procurement •A larger quantity of wheat was being bought by the traders at higher rate than the minimum support price.  •Private traders have been prompted to buy more wheat from farmers as the price of whe...
Post a Comment
Read more