Category Archives: Economy

Bank Account Benefits, PMJDY, Pradhan Mantri Jan Dhan Yojna

Why? You Must Open a Bank Account

Bank Account Benefits, PMJDY, Pradhan Mantri Jan Dhan YojnaWhy You Must Have a Bank account????

Pradhan Mantri Jan Dhan Yojna (PMJDY)

Benefits of Bank Account

There are a lots of benefits for opening a bank account, and also now in these days in India according to Pradhan Mantri Jan Dhan Yojna (PMJDY) Bank account opening have been very easy. You can enroll your bank account totally in free from any National Bank or any Common Service Center (CSC).

There are some of benefits of Bank Accounts:

  • You can Deposit or withdraw your money anytime or anywhere safely.
  • Your Money will be safe from theft.
  • You can earn good interest from you savings.
  • From You ATM card you can withdraw you money from ATM anywhere anytime.
  • If you open your bank account according to PMJDY you will get a free accidental insurance of Rs. 1 Lack.
  • You can also get overdraft facility with your bank account if you operate your bank account satisfactory for 6 months or more.
  • You will be tension free from your notes being defective or out of orders.

We have enclosed an education video for this please watch…..

Carbon Tax and its effects on Economy

The harmful Green House gases are polluting the environments and to control its effect Carbon Taxes are being imposed.The exercise is aimed to discourage irresponsible citizen contributing to the Global Warming.This threat to environment implies a social cost that humanity has to bear.

In order to curb uncontrolled emissions by industry, governments often levy a charge on carbon emission thrown into the atmosphere.This help them to create funds that can be used to help not only in development of low carbon technologies but also in bringing,parity in unit prices of energy based on fossil-fuels and renewable sources.

this enables investors and consumers to rationally evaluate the option in a holistic manner.the social and environmental costs that polluting industries induce in the absences of such regulations are called ‘negative’ externalities . These negative externalities must be absorbed into the cost of production to reflect the ‘real’ costs.

However,of late,there has been strong public resentment over such acts of government.

ECONOMICS OF CHILD LABOUR

  • Economists view child labour as economics activities in which children participate.”Economic activity” is defined as  any activity is resulting in the production of goods and services that add value to national product.
  • Child labour is highly related to poverty.It substitutes unskilled adult labour at a lower cost.The 2010 adult unemployment rate was 9.4 percent,or 40 million in absolute numbers.
  • In India about 90 percent of the working children  are in rural areas.
  • Children from the lower castes are more vulnerable to labour-related  exploitation.
  • 556859_370081026380743_1554790950_nThe work participation rate is higher among minority religious communities .
  • The incidence of child labour declines as the households go up in the economic ladder.
  • Child workers are spread more among illiterates, and primary and secondary educated household.
  • Girls children face a higher burden of child labour nationally. However,there are wide variations across States.
  • A time use survey showed that over 32 percent of the children who where considered as ‘nowhere’ (neither in school nor in work) where actually working.
  • The decision on child labour or schooling is essentially made by parents,who regard children’s time as an assets that can either be used today to earn wage income or be “saved” in school so that children become more productive in the future.
  • In the non-inclusive  Indian economy ,the poor have very little access to low interest  capital. So during hard times they are forced to pull children out of schools and push them into the job market.
  • The effects of globalization on child labour are still being studied.A UNICEF report says international trade appears to be associated with a lower incidence of child labour. Some studies indicate that globalization may increase the demand for unskilled labour in countries that specialize in labour-intensive industries.The demand for child labour, which  is unskilled,therefore,may increase.
  • Child labour is more prevalent in poorer countries than richer ones.