BBA503 ECONOMIC PLANNING AND POLICIES

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ASSIGNMENT

DRIVE	SPRING 2015
PROGRAM	BBA
SEMESTER	V
SUBJECT CODE & NAME	BBA 503 ECONOMIC PLANNING AND POLICIES
CREDIT	4
BK ID	B1851
MAX.MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 Differentiate between development and growth.

Answer: Growth and development get lumped together so frequently, it can be easy to assume that they go hand in hand and happen at the same time.

Growth

To put it simply, when something grows in shows an increase in something you can count. A tree can grow. That means that it adds to its height. We can count the inches it has grown. An organization can grow, adding people or other groups to itself. These are

2 Describe the role of land resources as natural resource in India.

Answer: Land, being a subject under the exclusive jurisdiction of States, there is no national legislation, which restricts transfer of productive arable land to other uses. However, State Governments have enacted legislation on the subject, which provides restriction on use of land for non-agricultural purposes.

Decision-Making: Legislation and Regulations

Statutory environmental clearance under Environment (Protection) Act is required for the following types of agricultural development projects and human

3 Write a note on social infrastructure including education and health in India.

Answer: The Social Infrastructure in India includes the education system in India, health care, the management of the education and health services in India that form the basic social infrastructure definition. The India government looks after the social development in India by careful infrastructure planning and handling the social issues in close coordination.

The infrastructure development of any country includes both economic infrastructure development that is the development of various sectors like Energy

4 State the prospects and growth targets of twelfth five year plan.

Answer: 12th Five Year Plan of the Government of India (2012–17) is under drafting which aims at one direction will help in doing so the growth rate at 8%.

With the deteriorating global situation, the Deputy Chairman of the Planning Commission Mr Montek Singh Ahluwalia has said that achieving an average growth rate of 9 per cent in the next five years is not possible. The final growth target has been set at 9% by the endorsement of plan at the National Development Council (NDC) meeting held in New Delhi

"It is not possible to think of an average of 9 per cent (in

5 Identify various schemes launched by the government to reduce unemployment and underemployment. Explain any 2 in detail.

Answer: The main objective of rural development has been to remove poverty of the people and fill the widened gap between the rich and the poor. This has been also vocalized in the policy of the government which says: said, ‘Rural poverty alleviation has been the primary concern in the economic planning and devel­opment process of the country … rural development which encompasses the entire gamut of improvement in the overall quality of life in the rural areas can be achieved through eradication of poverty in rural areas.’

6 Write short notes on:

a. Land reforms

Answer: Land reform involves the changing of laws, regulations or customs regarding land ownership.[1] Land reform may consist of a government-initiated or government-backed property redistribution, generally of agricultural land. Land reform can, therefore, refer to transfer of ownership from the more powerful to the less powerful, such as from a relatively small number of wealthy (or noble) owners with extensive land holdings (e.g., plantations, large ranches, or agribusiness plots) to individual ownership by those who work the land. Such transfers of ownership may be with or without compensation; compensation may vary from token amounts to the full value of the land.

Land reform may also entail the transfer of land from individual ownership—even peasant ownership in smallholdings—to government-own

b. RBI

Answer: The Reserve Bank of India is India's Central Banking Institution, which controls the Monetary Policy of the Indian Rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence on 15 - August - 1947, the RBI was nationalised in the year of 1 January 1949.

The RBI plays an important part in the

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