Monthly Archives: December 2012

INDUSTRIAL POLICY AND INDUSTRIAL DEVELOPMENT IN INDIA.(Part-III)

 THE SECOND INDUSTRIAL POLICY RESOLUTION OF 1956. Since the adoption of IPR 1948 significant developments took place in India. 26 th November 1949 – The constitution of India adopted with its “directive principles” of state policy by the Constituent Assembly.

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INDUSTRIAL POLICY AND INDUSTRIAL DEVELOPMENT IN INDIA.(Part-II)

THE FIRST INDUSTRIAL POLICY RESOLUTION OF 1948. The first industrial policy resolution was passed by the Government on 6th April 1948. It marked the dawn of the mixed economy and outlined the role of the public and private sectors in

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INDUSTRIAL POLICY AND INDUSTRIAL DEVELOPMENT IN INDIA.(Part-I)

Introduction The concept of “Industrial policy” is comprehensive and covers all those procedures, principles, policies, rules and regulations which control the industrial undertakings of a country and shape the pattern of industrialization. It incorporates fiscal and monetary policies, tariff policy,

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Variable Capital

Variable capital is “capital assets which are used only once in the process of production, to produce other goods.” It is also known as working capital/circulating capital. Eg  raw materials, electricity, fuel,  coal etc. The cost of variable capital varies directly

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Bank rate

‘Bank rate’ is also referred to as ‘discount rate’, “is the rate of interest which central bank charges on loans and advances that it extends to commercial banks and other financial intermediaries” The central bank gives loans to commercial banks

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