DAY 19Quick read

Statement 1: In a bid to rectify the defects of the Regulating Act of 1773, the British Parliament passed the Amending Act of 1781, also known as the Act of Settlement. The next important act was the Pitt’s India Act2 of 1784.
Statement 2: The act was significant for two reasons: first, the Company’s territories in India were for the first time called the ‘British possessions in India’; and second, the British Government was given the supreme control over Company’s affairs and its administration in India.

Statement 1: The Charter Act of 1833 attempted to introduce a system of open competition for selection of civil servants, and stated that the Indians should not be debarred from holding any place, office and employment under the Company.

Statement 2 and 3: Charter Act of 1833 act created, for the first time, a Government of India having authority over the entire territorial area possessed by the British in India. Lord William Bentick was the first governor-general of India.

• The powers of government of Madras and Bombay presidency were drastically deprived by charter act of 1833. Governor of Bengal became the governor general of India and all powers administrative and financial were centralised in his hands as he became the penultimate authority to approve or dismiss any decision.

•The Charter Act of 1813 The Company’s monopoly over trade in India ended, but the Company retained the trade with China and the trade in tea. The Charter Act of 1833 ended Company’s monopoly over trade with China and in tea also ended.

• 1934 Visvesvaraya plan in this book “The planned economy of India”. He was an Engineer, Ex-Diwan of Mysore and Bharat Ratna recipient.
• 1938 Nehru’s Congress plan. But not implemented due to WW2.
• 1944 Bombay plan by noted industrialists such as JRD Tata, GD Birla, Kasturbhai Lalbhai et al.
• 1945 MN Roy’s “people’s plan” – with socialist leanings.
• 1950 Jayprakash Narayan’s Sarvodaya Plan based on Vinoba Bhave’s philosophy

2nd FYP

• P.C.Mahalanobis Model
• Socialist model, Rapid industrialization, heavy industries.

3rd FYP

• Also called “Gadgil Yojana”.

8th FYP

• John W.Miller model.
• PV Narasimha Rao- LPG reforms

12th FYP

• Theme: “Faster, More inclusive and sustainable growth”.

Explicit cost, it includes producer cost in production activities as raw materials expenditure, factors of payments, salary, advertisement expenditure, insurance expenditure etc

• The Kusum (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme was announced in the Union Budget in 2018.
• It aims to boost the production of Solar Power in India and provide it to farmers.

• National Policy on Electronics 2019 (NPE 2019), proposed by the Ministry of Electronics and Information Technology (MeitY).
• The Policy envisions positioning India as a global hub for Electronics System Design and Manufacturing – (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally.
• NPE 2019 replaces the National Policy of Electronics 2012 (NPE 2012).

• Religious institutions which have been in existence for at least five years before applying for financial assistance/grant and who serve free food to at least 5000 people  in a month and such institutions covered under Section 10( 23BBA) of the Income Tax Act or 
• Institutions registered as Society  under Societies Registration Act ( XXI of 1860) or 
• As a Public Trust under any law for the time being in force of statuary religious bodies constituted under any Act or 
• Institutions registered under Section 12AA of Income Tax Act shall be eligible for grant under the scheme.