Regional Rural Banks

Regional Rural Banks (RRBs) play a significant role in financing the target group in the rural sector. They are specially designed financial instituions working under the guidance of NABARD and the parent commercial banks, spread in rural area with a close network of brances serving a particular district or region.

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Rural Development in Rajasthan

These programmes are essential to reduce poverty among rural masses.the main objectives are development of strong infrastructure for socio economic development of rural areas.The Department of Rural Development is implementing various schemes, out of which some oare centrally sponcered, while others are states only. the various rural development programs are as follows:

Centrallt Sponsored   Scheme

• Jawahar Gram Smaridhi Yojana
• Desert Development Programme
• Drought Prone Area Programme

State Sponsored Scheme

• Untied Fund
• Rural Growth Center
• Apna Gaon, Apna Kaam Yojana

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Micro and Macro -Economics

The term microeconomics is derived from the Greek word mikros,meaning "small" and the term macroeconomics is derived from the Greek word macros,meaning "large".Thus microeconomics deals with the small individual units of the economy such as individual consumers,individual firms and small aggregates.On the other hand ,macroeconomics concerns itself with the analysis of the economy as a whole and its aggregates such as total national income and output,total employment,aggregate investment.
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Classical Theory of Income and Employment

Classical economists believed that in a free market economy there was a tendency toward the establishment of full employment of labour and there was sufficient demand for the output produced.

                   Classical theory of employment and output is based on the following two basic notions:
1.Say's Law
2.Wage -price flexibility
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Public Expenditure

Public expenditure is an important part of public finance.In Ancient times ,the functions of the state were limited and consequently the scope of public expenditure was limited .But in modern times ,the state activities are increasing being the welfare state and the public expenditure has increased enormously.
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canons of taxation

Taxes are a major source of revenue for modern governments. A tax is a compulsory payment to the government by tax payer without any expectation of some specified return. In order to meet trhe traditional and developmental obligations the government has to raise the revenue through the taxation either by increasing the rates of existing taxes or imposing new taxes.

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