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Mobilization of Resources

  • Category
    Economy
  • Published
    14th Jan, 2020

Government of India has taken steps in the form of disinvestment, relaxing FDI norms, bringing new tax laws and rules and borrowings to mobilize resources for the development of the country.  Recently, passenger fares in Railways were hiked on the recommendation of Bibek Debroy committee for mobilisation of resources for major railway projects and restructuring of railway ministry and railway board.

Issue

Context

Government of India has taken steps in the form of disinvestment, relaxing FDI norms, bringing new tax laws and rules and borrowings to mobilize resources for the development of the country.  Recently, passenger fares in Railways were hiked on the recommendation of Bibek Debroy committee for mobilisation of resources for major railway projects and restructuring of railway ministry and railway board.

Background

  • Resource Mobilization is the identification, organization and utilization of the available material resources within the country (including financial resources) to further its objectives of development missions and plans.
  • Every country has economic resources within its territory known as domestic resources. But often they might not be available for collective use. The percentage of resources used when compared to the potential is often very low. For a country to grow, identification and mobilization of its resources is necessary. It should be available for easy use and for central and state level planning.
  • Types of Resources of India: There are two types of resources:
    1. Natural Resources – Coal, Petroleum, Natural Gas, Water, Spectrum etc.
    2. Human Resources – The labour force and intellectual capacity of a nation.
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