Important Dates, Formula for Class 12

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 INDIAN ECONOMY-IMPORTANT YEARS


Important Events and Record for Indian Economic Development

1. 1757 Battle of Plassey

2. 1850-Introduction of railways

3. 1852-First postal stamp was launched

4. 1854- First railway bridge was constructed in India

5. 1869- Opening of Suez Canal

6. 1881-First official census

7. 1907-Tata iron and steel company started

8. 1921-Year of great divide, first phase of demographic transition

9. 1932-Private sector aviation launched by Tata & sons

10. 1935-Reserve Bank of India

11. 1948-First Industrial Policy Resolution

12. 1948-GATT-General Agreement on Trade & Tariff

13. 1950-Established planning commission

14. 1950-Established World health organization

15. 1951-First, five year plan started in India

16. 1951-Development and regulation Act

17. 1953- First, five year plan started in China

18. 1955-Karve committee on village & small scale industry development

19. 1956-Second Industrial Policy Resolution

20. 1958-Great leap forward-China

21. 1965-Proletarian culture-China

22. 1966- First phase of Green Revolution started

23. 1966-Adopted High Yield Variety Programme

24. 1969-India institutional credit approach (social banking & multiagency approach)

25. 1969- Monopolies and Restrictive Policy Act

26. 1969-Nationalization of commercial banks

27. 1970-Beginning of white revolution

28. 1970- Beginning of Atomic power generation

29. 1973- Foreign Exchange Regulation Act

30. 1974-Central pollution control board

31. 1978- Economic Reforms in China 

32. 1979-One Child Norm in China

33. 1982-National bank for Agriculture and Rural Development

33. 1986- Environment protection Act

34. 1987- Montreal Protocol ( Ozone Leyer Deletion) 

35. 1988- National Forest policy

36. 1988-Economic Reforms in Pakistan

37. 1991-New Economic Policy (July 1991)

38. 1991-New Industrial Policy

39. 1992-Earth Summit Rio De janerio (Sustainable Development) 

40. 1995-World trade organization

41. 1995-National social assistance programme

42. 1998- Tapas Majumdar committee (expenditure in education)

43. 1999-Foreign Exchange Management Act 1999-Swarnjyanti Gram swarojgar yojana

44.2001-Removal of quantitative restriction on import export

45. 2004- National food for work programme

46.2005- National Rural Employment Guarantee Act 2012-Established SEZ (Special Economic Zone)

47. 2014-Pradhan mantra jan-Dhan Yojna

48. 2014-Make in India

49. 2015- NITI Ayog (National Institute for Transforming India)

50. 2016-Demonetization

51. 2017-Goods & Service Tax (1ª July 2017)



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