Economic Survey 2010-11
The following chart shows the Per Capita Income of India from 2000-01 to 2011-12. As per the Economic Survey 2011-12, India’s Per Capita Net National Income (factor cost at current prices) at Rs. 60972 for 2011-12. The per capita income in real terms (at 2004-05 prices) during 2011-12 is likely to attain a level of ..
Commercial Policy Instruments (CPI) like levying import duty (tariff) as well as other tariffs and adapting other non-tariff barriers like quantitative restrictions enable a country such as India to safeguard its industries from these gigantic claws of the developed countries. If there are no commercial policy instruments, it would be very difficult to compete with ..
Jumping into capital account convertibility game without considering the downside of the step can harm the economy. The Committee on Capital Account Convertibility (CAC) or Tarapore Committee was constituted by the Reserve Bank of India for suggesting a roadmap on full convertibility of Rupee on Capital Account. The committee submitted its report in May 1997. ..
The term Capital Account Convertibility was coined by RBI and this term is almost synonymous with the RBI committee headed by SS Tarapore. Capital account convertibility (CAC) means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This implies that Capital Account Convertibility allows anyone to freely move from ..
The Government when introduced the Partial convertibility of Rupee in 1992, had announced its intention to introduce the full convertibility on the current account in 3-5 years. The full convertibility means unified market determined exchange rate regime. Encouraged with the success of the LERMS, the government introduced the full convertibility of Rupee in Trade account ..