Economics Miscellaneous (Part – IV)

NDMA is the apex body for Disaster Management in India and is headed by the Prime Minister of India.
Setting up of NDMA and the creation of an enabling environment for institutional mechanisms at the State and District levels is mandated
by the Disaster Management Act, 2005.
NDMA is mandated to lay down the policies, plans and guidelines for Disaster Management.
Through NDMA, India envisions the development of an ethos of Prevention, Mitigation, Preparedness and Response.

The Tata Nano project was an ambitious attempt by Ratan Tata to provide a safe and affordable car for Indian families, particularly those using motorcycles. Inspired by the sight of families riding on scooters, Tata aimed to create a four-wheeled vehicle that would be accessible to a wider segment of the population. The Nano was initially unveiled in 2008 with a price tag of Rs 1 lakh (approximately $2,500), earning it the nickname "the people's car". However, the project faced numerous challenges and ultimately ceased production in 2019.

About CCI:

• It is a non-government, not-for-profit, industry-led and industry-managed organization.
• It was founded in 1895,its headquarters is in New Delhi.
• It works to create and sustain an environment conducive to the development of India, partnering industry, Government and civil society, through advisory and consultative processes.

Initiatives by CCI: CII has embarked on smarter initiatives that enhance competitiveness of Indian industry by underlining the need for rapid up gradation on parameters like quality, corporate governance, knowledge management, energy efficiency and environment management.

The Mail on Sunday is a British conservative newspaper, published in a tabloid format. Founded in 1982 by Lord Rothermere, it is the biggest-selling Sunday newspaper in the UK. Its sister paper, the Daily Mail, was first published in 1896. The Mail on Sunday is owned by the Daily Mail and General Trust (DMGT), but the editorial staffs of the two papers are separate.

The Gandhian blueprint for the Indian economy emphasizes decentralization, self-sufficiency, and the upliftment of rural communities through agriculture and small-scale industries. It prioritizes human well-being over purely economic growth, advocating for a model that is both ethical and sustainable.

Farming is seen as the foundation of the economy, and its development is prioritized to ensure food security and provide livelihoods for the majority of the population. Small-scale, labor-intensive industries are encouraged to provide employment opportunities and reduce dependence on large-scale, capital-intensive factories.

David Ricardo (18 April 1772-11 September 1823) was a British economist and politician. He is recognized as one of the most influential classical economists, alongside figures such as Thomas Malthus, Adam Smith and James Mill. Ricardo wrote his first economics article at age 37, advocating for a reduction in the note-issuing of the Bank of England. He was also an abolitionist and believed in the autonomy of a central bank as the issuer of money.