Tag: economics

• An urban area is also called as a city which has, most of the population with non-agricultural occupations.
  
• According to the data provided by the census of 2011, the percentage of Indian population living in urban areas is 31%.
  

The amendment, related to Nagarpalikas or urban local governments is 74th amendment. This came into force from 1st June

1. It has given constitutional status to the municipalities and brought them under the justifiable part of the constitution.

Following are the objectives of providing financial aid to the Panchayats:

• Drinking water supply, cleaning and maintenance facilities.
  
• Maintenance of public lamp posts, roads, drainage system, cleanliness programmes, primary schools and maintenance of other public assets.
  
• Construction of Gramin Kisan Bazaar and Livestock Markets.
  

• Powers, responsibilities, and authority of panchayats are detailed in the article 243G of Indian constitution.
  
• This article endows powers on panchayat raj bodies to prepare and implement the plans for social and economic development.
  

In India, the concept of poverty line is helpful in assessing the extent of absolute poverty in the country. Poverty line should also change with variation in price level but there is no relation between absolute and relative poverty. Relative poverty, when we speak in terms of relatively poor or rich, we make pairwise comparison. Person A may be poorer than or richer than or equal to person B by the scale of criterion(say income) which we take into account for comparison, call it relative poverty or inequality.

In subsistence fanning, a farmer mainly produces those crops which are required to meet the most immediate needs of himself and his family. These are primarily food crops, and to some extent non-food crops like cotton, sugarcane etc.