Sustainable_ Development_Class_12_Indian_Economy_CBSE

Class 12Lesson PlanIndian Economy

Class Activity - Read the article given below and answer the following questions

Rs 50,000 fine for immersing idols in Ganga, its tributaries

A directive dated September 16, issued by Rajiv Ranjan Mishra, Director General of National Mission for Clean Ganga, said no idol immersion should be allowed in Ganga river and its tributaries.

The Centre has issued a 15-point directive to states, asking them to make elaborate arrangements to check pollution in the Ganga river and its tributaries during the festive season, including immersion of idols which could attract a fine of Rs 50,000.

A directive dated September 16, issued by Rajiv Ranjan Mishra, Director General of National Mission for Clean Ganga, said no idol immersion should be allowed in Ganga river and its tributaries.

It has asked district magistrates to enforce the directive.

"River banks and ghats should be cordoned off and barricaded to prevent any stray immersion of idols in the rivers or its banks. Adequate arrangements should be made for designated idol immersion sites within the municipal area or bank of river Ganga and its tributaries by constructing temporary confined ponds with removable synthetic liners at the bottom, the directive said.

Skills Practiced

• Defining key concepts - ensure that you can accurately define main phrases, such as sustainable development and environmental limits
• Making connections - use understanding of these concepts to link population growth and demand for resources
• Reading comprehension - ensure that you draw the most important information about what needs to come together to make sustainable development possible

Additional Learning

• The connection between humans and resource limitation
• The economic and social needs for sustainability
• The way the standard of living has affected sustainability

Source - Economic TimesDate of Publication - 04/10/2019

Q1 Define the term "sustainable development"

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Q2 The government has recently banned the use of plastic - Explain how it will help in promoting sustainable development

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Q3 What are the various ways by which we can achieve  sustainable development

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@Copyright - Pankaj Bhanwani
#9899971997

Introduction to statistics_Class 11_Practice Test

Bal Bharati Public School

Pitam Pura

Class 11-2019-20

Subject -Economics

Class Test MM=10

Q1 Define Statistics (1)

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Q2 How statistics can be useful to government (2)

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Q3 How statistics can be useful for a businessman to start its new business (2)

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Q4 Differentiate between statistics in singular and plural sense (3)

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Q5 What are the functions of statistics (2)

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                                                                       or

Q What are the limitations of statistics

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Problem of unemployment, education and growth

Ashwathy HS, 23, is preparing for the Public Service Commission (PSC) examinations at Brilliance College in Thiruvananthapuram. A BTech from Government Engineering College in the capital of Kerala, she was hired by Tata Consultancy Services (TCS) as a software engineer in March 2017. But after a month with the IT services bellwether that included training at TCS’s Chennai outpost, Ashwathy called it quits to focus on the PSC. “I'm more passionate about a government job. The problem with working for private companies is that the job is not secure; also I don't prefer working for longer hours and night shifts.”

Such a train of thought may run counter-intuitive to the go-go spirit associated with India’s Gen Z, but it does offer clues to the Indian malaise of unemployment — and underemployment, or people chasing jobs that have little to do with their qualifications. Ashwathy’s choice also indicates the perceptions of instability and uncertainty associated with the private sector at a time when investments for growth are subdued.

Unemployment or underemployment, India has a problem of jobs. The National Sample Survey Office’s (NSSO’s) periodic labour force survey (PLFS) for 2017-18 shows that as many as 11 states had an unemployment rate higher than the pan-Indian average. These included Punjab, Tamil Nadu, Haryana and Telangana where industrialisation can’t be scoffed at (unlike, say, Kerala or Bihar). Kerala tops the charts with an unemployment rate that’s nearly two times the national norm, and Ashwathy is perhaps the perfect epitome of what’s going wrong in India’s most literate state.

So what can NDA 2.0 do to rev up the jobs engine? The big-picture answer is, of course, it needs to kickstart economic growth, which fell to a five-year low of 5.8 percent in the January-March quarter of fiscal 2019. To create more jobs—stable ones without the fear of layoffs— industry executives point out that the government needs to identify and incentivise sectors in manufacturing and services that have the potential for job creation. A shaky industrial sector could also result in job losses—a recent report by the Centre for Monitoring Indian Economy (CMIE) stated that almost 11 million Indians lost their jobs in 2018.

Madan Sabnavis, chief economist at Care Ratings Ltd, points out that the big conglomerates like Tata, Birla and Reliance need to employ more people than they are doing today. For that they need to be in the mood to expand, a mood that’s muted these days. “Most of the markets are quite static; the auto sector, for instance, is on a decline, and there is no reason why Maruti should be employing more people or going in for fresh investment,” explains Sabnavis. “So we need market conditions to improve, and then we come to the issue of more labour policies which the government can address through the Budget.”

Sections of industry are keen that the government create a National Employment 

#growth

#policy

#unemployment

#expectation

#education

#project

#discussion

#group

#class 

#activity

Problem of unemployment, education and growth

Policy—as advocated by Niti Aayog—to create quality jobs in the formal and informal sectors. The endeavour would be to develop an education, training and skill development system that’s in sync with the needs of private enterprise and changing needs of the labour market. Generating jobs in a country where the youth account for 35 percent of the population, or roughly 333 million is critical. And the workforce is expanding at a rapid clip—from just under 500 million it is expected to hit 600 million in three years.

Among Kerala’s youth, for instance, who account for 23 percent of the population, the unemployment rate (18 percent) is much higher than the overall population (12.5 percent), according to the Kerala State Planning Board’s economic review for 2018.

MA George Francis, joint director of employment, Kerala, says: “Lack of industrialisation is one of the biggest problems in Kerala due to which extensive unemployment prevails. Also, the government needs to develop and invest more money in Kerala tourism to generate employment. Our economy mostly runs from the money coming in from the Middle East; if it stops, Kerala’s economy will be ruined.”

The Kerala Migration Survey (KMS) 2018 conducted by the Centre for Development Studies (CDS), Thiruvananthapuram, shows a reduction of 2.78 lakh emigrants from the Middle East between 2013 and 2018. “These Gulf returnees stand in lines every day to get their loans sanctioned to start their own dairy projects, poultry farms and bakeries,” adds Francis.

The lure of government jobs in a state that lacks industry is perhaps inevitable. But it is no solution. Rajeeve CR, director of Brilliance College, says, “Most educated people here in Kerala want government jobs at a time when the number of vacancies in the government sector is drastically decreasing.” That’s when underemployment kicks in, too, with people forced to compromise because no jobs are available that match their skills.

One such example is of Vipin Kumar, 27, who completed a BSc in geography and is currently working with HDFC Life Insurance as a financial consultant in the capital and doubles up as an Ola driver to make ends meet. "I work at HDFC from 10.30 am to 3.30 pm and, after that, four days in a week I drive an Ola cab from 4 pm to 1 am. I do this because I need extra income; I just got married and have a lot of responsibilities.”

Unemployment amid urban youth, in the age group of 15 to 29 years, has been constantly rising for three quarters and was at 23.7 percent in the December quarter, according to the PLFS data. Youth unemployment in the December quarter of 2018 was the highest in Bihar (40.9 percent), followed by Kerala (37 percent) and Odisha (35.7 percent), while it was the lowest in Gujarat (9.6 percent ).

Statistics_Lesson Plan_ Notes_Class 11_learning_newspaper

Class 11

Topic Statistics and its uses

#learning

#lessonplan

#economics

#learningwithnewspaper

At the end of the blog do see the article of Times of India Dated 20/5/2019

Be feel to coonect

pankajbhanwani@gmail.com 

The field of statistics is the science of learning from data.

Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. 

Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions. 

Statistics allows you to understand a subject much more deeply.

Everybody watches weather forecasting. Have you ever think how do you get that information? There are some computers models build on statistical concepts. These computer models compare prior weather with the current weather and predict future weather.

Statistics mostly used by the researcher. They use their statistical skills to collect the relevant data. Otherwise, it results in a loss of money, time and data.

What do you understand by insurance? Everybody has some kind of insurance, whether it is medical, home or any other insurance. Based on an individual application some businesses use statistical models to calculate the risk of giving insurance.

 In financial market also statistic plays a great role. Statistics are the key of how traders and businessmen invest and make money.

Statistics play a big role in the medical field. Before any drugs prescribed, scientist must show a statistically valid rate of effectiveness. Statistics are behind all the study of medical.

Statistical concepts are used in quality testing. Companies make many products on a daily basis and every company should make sure that they sold the best quality items. But companies cannot test all the products, so they use statistics sample.

In everyday life we make many predictions. For examples, we keep the alarm for the morning when we don’t know that we will be alive in the morning or not. Here we use statistics basics to make predictions.

Doctors predict disease on based on statistics concepts. Suppose a survey shows that 75%-80% people have cancer and not able to find the reason. When the statistics become involved, then you can have a better idea of how the cancer may affect your body or is smoking is the major reason for it.

News reporter makes a prediction of winner for elections based on political campaigns. Here statistics play a strong part in who will be your governments.

 Statistics data allow us to collect the information around the world. The internet is a devise which help us to collect the information. The fundamental behind the internet is based on statistics and mathematics concepts.

The main portion of Statistics is the display of summarized data. Data is initially collected from a given source, whether they are experiments, surveys, or observation, and is presented in one of four methods:

Methods of presenting data in statistics

Textual Method 

The reader acquires information through reading the gathered data.

Tabular Method 

Provides a more precise, systematic and orderly presentation of data in rows or columns.

Semi-tabular Method 

Uses both textual and tabular methods.

Graphical Method 

The utilization of graphs is most effective method of visually presenting statistical results or find

Example from the newspaper which tells us about how statistics is used

Use of statistics #graphs#presentation of data

Class 12 _Indian Economics_Chapter 3 _Launch of Minimum Income Scheme by congress president -Rahul Gandhi

Class 12

Indian Economics

Current Event

Launch of Minimum Income Scheme by congress president -Rahul Ghandhi

A Debate - For and Against

Chapter Links - Indian Economy from 1950-1990

Against the Topic 

• Congress president Rahul Gandhi has proposed an income distribution scheme, Nyuntam Aay Yojana (NYAY), literally minimum income scheme, that could spiral over time, through competitive populism of political parties, into yet another fiscal and economic crisis
• What happened in 1980 can be happened again - A look at the crisis of 1980

• Fiscal deterioration was allowed to proceed apace. As a consequence, the current account deficit continued to worsen and domestic and foreign debt continued to increase at a dangerous rate. during 1980

•  Even a strictly temporary shock like the Gulf War was enough to trigger a full-scale crisis.’

• The political populism of the 1980 contributed to a sharp increase in government spending on a widening range of subsidies. The share of fiscal deficit in national income shot up from an average of 6.3% in the Sixth Plan period of 1980-85 to 8.2% in the Seventh Plan period of 1985-90
• . To make matters worse, the internal debt of the government also went up from 36% of GDP at the end of 1980-81to 54% of GDP at the end of 1990-91. Interest payments by the government doubled during this decade, with their share in GDP going up from an annual average of 2.6% in 1980-85 to 3.9% in 1985-90.

If NYAY were to substitute for most existing subsidies, GoI may be able to fund it. But Congress has not named a single subsidy it would be willing to eliminate. 

What should be truly worrying is that Rajiv Gandhi’s fiscal adventurism of the 1980s was at a time when his government commanded an overwhelming majority in the Lok Sabha, with over 400 MPs. Given the kind of coalition that Rahul Gandhi may lead if he even manages to get half that number into the Lok Sabha, the fiscal pressures on GoI would only increase, raising danger signals for the economy.

For the scheme

The economic idea of a basic income is not new. Neither is the idea of cash transfers. Back in 1968, 1,200 eminent economists wrote to then-US president Richard Nixon to introduce a basic minimum income (BMI) for the poor. In the Indian context, former chief economic adviser Arvind Subramanian proposed this idea in the 2017 Economic Survey. The chapter on BMI is perhaps the most comprehensive and detailed proposal that argued how India was ready for BMI. 

Trickle-down benefits of GDP growth have eluded the poorest sections of society. Inequality has widened sharply. 

Advances in technology and automation carry the risk of further exacerbating this gap. It is, therefore, imperative in any just society to target the weakest sections directly with a policy intervention to ensure a certain basic minimum level of dignity and self-respect for every family. Thus, the case for a direct cash transfer. A direct cash transfer not only provides income support and a safety net to the most-needy, but it also provides economic freedom and choice in how they use the cash. 

NYAY intends to provide a flat, uniform amount of Rs 6,000 a month to the poorest 50 million Indian families. 

This entails a peak cost of Rs 3.6 lakh crore — 1.8% of India’s GDP today. A federal scheme, it will be piloted first and rolled out in phases in the first two years, with the involvement of states. Depending on India’s nominal GDP growth, at its peak, NYAY will cost between 1.2% and 1.5%. 

When political parties in India today can identify their supporters in every household using big-data techniques, it shouldn’t be as hard to identify the poorest 50 million households in India as it’s made out to be

 On a side note, when finance minister Arun Jaitley, in a press conference on February 1, 2018, with his entire economic team in tow, announced the Ayushman Bharat scheme to provide health insurance to 100 million poorest families, there was neither any question nor any explanation about identifying 

In 1947, with 70% of its population in poverty and the adoption of a universal adult franchise at birth, India defied conventional global wisdom to not just survive as a nation but prosper. India’s poverty rate is now down to 20%. It is now time again to launch that final assault on wiping out the last remains of poverty with a similar bold and ambitious programme that may seem to defy convention through NYAY. 

Class 12_Indian Economy from 1950-1990_Worksheet_2019

Chapter Indian Economy from 1950-1990

Class 12

Worksheet

Match the following

Market Economy	Mixed Economy
Land Reform	Lab our Intensive
Success of land reform	Capitalism
Indian Economy	Market Value of all goods and services produced
Market Surplus	Protection of home industry
Occupational Structure	Abolition of Intermediaries
Small Scale Industries	Introduction of new technology
Modernization	The distribution of working  population into different sectors
Gross Domestic Product	Green Revolution
Import Substitution	Kerala and West Bengal

For further worksheets and a target of 100 in CBSE do contact
pankajbhanwani@gmail.com
#9899971997
@copyright

Indian Economy_ Learning Through Newspaper_Lesson Plan

Indian Economy_ Learning Through Newspaper_Lesson Plan 

 By changing the focus of the classroom from the teacher to the learner has far reaching implications 

on how we teach Economics to make it a more interesting subject where concepts are understood deeply so that they can be applied.

I request teachers of Economics to break away from the shackles of traditional teaching methods and take bold steps towards making the teaching of Economics more interesting and alive for our children.

I suggest the use of newspaper in teaching Indian Economy

I below have collected certain newspaper articles and related to different chapters of the economy this will make Indian Economics more interesting

Article 1

The article talks about the happiness Index in different countries of the world

What describes happiness

How can GDP help in creation of happiness

Class 12 -National Income Accounting chapter GDP and welfare can deal with this

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Article 2

This article talks about the rising price of airfare during festival season 

Chapter - How demand and supply can influence the market equilibrium

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Article 3

This article talks about agriculture diversification and the various possibilities in agriculture

It also tells how employment opportunities can be created in agriculture field

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Article 4

Article 4

It talks about the development of the new bird sanctuary in U.K 

It helps in sustainable development and protecting the environment

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Article 5

UK is providing Indian students to work

How will it affect the foreign exchange market

Will it lead to more brain drain

Topic - Development of human capital

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Class 12_Indian Economy at the eve of Independence_Worksheet_2019-20

Chapter Indian Economy at the Eve of Independence

Class Worksheet

Class 12

2019-20

The following video shows the entire summary of the chapter

Q 1 What do you mean by colonial economy?

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Q 2 What was the most important causes of growing poverty in India during the British rule ?

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Q 3 Mention the important infrastructure developed during the British period.

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Q 4 What is occupational structure ?

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Q 5 What do you understand by drain on Indian wealth during the colonial period ?

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Q 6 Give the meaning of the following terms

a)  Life Expectancy Ratio

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b) Infant Mortality Rate

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c)  Maternal Mortality Rate

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Q 7 What are the main cause of Indian Agriculture Stagnation during the colonial period?

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Q 8 Name some modern industries which were in operation in our country at the time of Independence

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Q 9 Discuss the forms of exploitation adopted by British Rulers in India ?

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Q 10 Indicate the direction of trade at the time of independence

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For the answers of the worksheet do visit the link

Answers