Economics Miscellaneous (Part – IV)

VVGNLI conducts research on various labor-related topics, including industrial relations, working conditions, and social security. It provides training programs for labor administrators, trade union leaders, and other stakeholders involved in labor-related matters. The institute offers educational programs and workshops to enhance knowledge and understanding of labor issues.
VVGNLI publishes research findings, policy papers, and other materials related to labor and employment. It provides consultancy services to organizations and institutions on labor-related matters. VVGNLI's work is crucial for promoting decent work, social justice, and sustainable development in the context of India's labor landscape.

• The Indian Council of Agricultural Research (ICAR) is an autonomous organisation under the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare, Government of India.
• Formerly known as the Imperial Council of Agricultural Research, it was established on 16 July 1929 as a registered society under the Societies Registration Act, 1860, in pursuance of the report of the Royal Commission on Agriculture.
• The ICAR has its headquarters in New Delhi.
• The Council is the apex body for coordinating, guiding, and managing research and education in agriculture, including horticulture, fisheries, and animal sciences, throughout the country.
• India has one of the largest agricultural systems in the world, with 113 ICAR institutes and 74 agricultural universities across the country.

The Finance Commission is a constitutional body in India established under Article 280 of the Constitution, tasked with maintaining fiscal federalism by recommending the distribution of tax revenues between the central and state governments. Constituted every five years by the President, it comprises a Chairman and four members with expertise in finance, economics, or public administration.
Reserve Bank of India (RBI) is the nation's central bank, tasked with overseeing and regulating the monetary and financial framework of India. Established on April 1, 1935, based on the recommendations of the Hilton Young Commission, under the Reserve Bank of India Act of 1934, the RBI plays a crucial role in India's economic development by managing the country's currency, credit, and financial stability.

People and businesses alike can receive financial assistance from the industry known as "financial services." This sector of the economy comprises a wide array of financial institutions, such as banks, investment houses, lenders, financing companies, real estate brokerages, and insurance companies. As was mentioned earlier, the financial services industry is likely the most important sector of the economy. In terms of earnings and equity market capitalization, this industry is the leader on a global scale. This industry is dominated by large conglomerates, although it also has a wide variety of businesses with a lower employee count.

• The Indian Institute of Entrepreneurship Development, Ahmedabad, has been engaged since 1983 in promoting entrepreneurship at the national and international level through education, research, training and institution building.
• It works through its Central Regional Office in Bhopal for inclusive growth and to create a conducive ecosystem for entrepreneurship in Central India.
• It makes collective efforts to create an environment of interdependence and cooperation between educational institutions, government and industry to promote entrepreneurship education, research. Also, it provides assistance to the MSME sector in Madhya Pradesh and its surrounding areas, especially with the aim of upliftment of rural youth, women, students, artisans, agriculturists etc.