Tag: economics

There are 1814 primary health centres and 360 community health centres are there in Maharashtra as on 31 March 2017.

Infrastructure is the basic requirement for economic development. A sound infrastructural foundation is the key to overall socio-economic development of the state. This act as a magnet for attracting additional investment into the state and thus provides a competitive edge to it over other states.

There are 22 state universities in Maharashtra. Out of which 4 universities are for agriculture, one university for health sciences courses, one university for veterinary science, one for technology and 15 other for other universities for general courses. In addition to these, there are 21 autonomous universities, one central university, 4 private universities and 5 institutes of national importance in the state.

To promote the state as a leading tourist destination, the government has formulated Maharashtra Tourism Policy, 2016. The objectives of tourism policy include:

• To Make Maharashtra a leading tourist destination by 2025.
• To attract investments to the tune of 30000 crores.
  
• To create one million additional jobs in the industry.

Maharashtra Tourism Development Corporation (MTDC) is the nodal agency for implementation of Maharashtra Tourism Policy, 2016. MTDC organises different events such as Ellora festival, Elephanta festival etc.

A person is treated as resident of a country in the country in which his interest actually lies. It can be an individual living in the same country or in another country. If a person lives in foreign country he should live in other country for less than a year. It not only involves individuals but also involves institutions. Hence, the concept of normal residents applies not only to individuals but also to institutions.

If factor cost is greater than market price, then it means Indirect taxes < Subsidies. Market price can be less than factor cost when subsidies will be more than the indirect tax.

Market price is basically the current price at which an asset is bought or sold in the market. It includes the cost of production in the  form of wages,rent,interest,profit.etc. whereas factor cost may not reflect the effect of taxes and subsidies unlike market price. It takes into account only of the actual cost of production including the profit. Hence, the reason for difference between market price and factor cost is indirect taxes and subsidies.

Mixed income refers to the combined income of self-employed individuals, which includes elements of wages, rent, interest, and profit that are difficult to separate in small-scale operations.