Punjab from the beginning is and has been always considered as the agrarian state and also the state government and also with the help of the central government, has always tried to put in all the efforts in order to develop and grow the agro based industry in the state as this parameter accounts to about more than 60 percent of the living for the state and also has been found to contribute a lot to the central quota of the central government. For this in the early 1960 s, green revolution was introduced to the scene in India and the main focus after its introduction was the state of the Punjab taking major strides in increasing the productivity of the food grains, which mainly involved the increase in the production of the wheat and the rice. The term green revolution was at first used in the year of the 1908, by the former unites states agency for the use of the international development (USAID) director, William Guard, who was having a specific range of the characteristics like the spread of the new type of the technology in the field of the agriculture and also intending the production manifold. With the help of the green revolution, the state of the Punjab has been able to contribute a lot towards the central pool of the nation and as a result of this India has been able to become self sufficient and not at all depending on the other nations.

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Before moving in under standing the in depth analysis of the word economy and its relevance in the various types of the fields, it is very important and very critical here to under stand the meaning of the word economy. At various times, a large no of the scientists have tried to under stand and then further explain the meaning of the word economy and as a crux the word economy can be summarised as the country’s capacity or the ability to produce some types of the goods and accompanied by the various types of the services, which can after a time can always be increased and this phase of the growth is referred to as the economic growth. Different countries or the regions of a particular country can be dependent on one factor or the other that is mainly responsible for the economic growth. These factors can be agriculture, industries, oil export like in some countries or the tourism factor that is also found to be supporting at a large the economy of a large no of the countries.

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M Venkaiah Naidu recently took the oath of the office of the vice president of the India and along with this he also assumes his job as the ex officio chair man of the rajya sabha and hence will be required to balance the various types of the contrarian views that very usually come up by the various respective members of the rajya sabha. The rajya sabha as known predominantly remains a very deliberative body that it self is able to discharge its own pace at any point of the time. The governments of the day could very well experience the less than the hurried rhythm of its working as slowing down of a particular process that is or has to be carried out. Now here comes the factor that needs to be taken care of and this factor revolves around the newly appointed vice president of the India, Shri M Venkaiah Naidu as the ex officio chairman of the rajya sabha will be to address the concerns of the members across the various types of the aisles. Unlike most of the predecessors, Naidu will surely have the very important and the rare opportunity to receive the various types of the felicitations from the august house on the day he takes the charge. Baring Shri Sarvepalli Radha Krishnan, the first president of the independent India, who was the one who occupied the second highest constitutional office for the two terms, on most of the occasions in the past, either the house was not in the session or in some of the cases there was an interim break. An hour after being administered the oath by the president; Naidu will have the rare opportunity to chair the last day of the current monsoon session in his new assigned role. Naidu is coming to the vice president’s office with the very unique distinction of having been a member of the council of the states for a very prolonged period. This position as assumed brings to him and also to the whole house, an unparalleled advantage at such a time and such a scenario when the debate over the role, the responsibilities and the relevance of the rajya sabha remains alive.

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The Planning commission in India is made by central body. The ex-officio chairman of this commission is the Prime Minister. This commission was constituted on 15th March, 1950. There is hardly any provision for Planning Commission in the Constitution of India. It was constituted in the form of a specialist and an advisory institution. The Union Cabinet constituted it on the proposal of the member of the parliament. The government has changed its structure and organization from time to time. The first Chairman of the Planning Commission was Pandit Jawahar Lal Nehru. There are different types of planning in the Indian economy. It includes Imperative Planning, Indicative Planning, Perspective Planning, Rolling Plan and Core Plan. In this type of planning the Central Planning authority takes decision upon every aspect of the economy and the targets that are fixed to achieve those goals are required to be followed strictly. This type of the planning is mainly followed in the socialist economies. In the indicative planning the state is likely to fix the broad parameters and aims for the economy. It is different from that of the centralized planning because in the latter one the state does not see the plans with the minute details and over view things on the broad parameter. It only indicates the aims and the targets that are required to be achieved.

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