Beautiful Blog by Asst. Prof. Bulbul (Dept. of English)

 Beauty of Nature

Nature has given us so much that we cannot even imagine. Life on this earth is possible only because of nature. There are many other planets in the universe but without this nature life is not possible there. Thus nature is the basis of our life. Nature is not the same everywhere on earth. According to the place, nature changes its appearance and according to that place provides us with resources, as well as provides comfort to our mind, our eyes.

Nature gives us so much, so it is our duty to respect it knowing its importance and not to destroy it for our selfishness. So that the children of man can also enjoy its beauty and take advantage of it, otherwise one day will be when people will be able to see and feel the beauty of this nature on the computer itself.

Blog by Asst. Prof. Baljit Kaur (Dept. of Commerce)

 Capital Formation

The income can be used for savings and investments. These two factors play a significant role in the economic development of an economy. The income which is not spent consumption is called saving. Further, when these savings are used for construction of roads, dams, purchase of raw materials, stocks, machinery, transport etc is called investment. It is al known as capital formation. Capital formation further leads to increased productive capacity of an economy. It helps to increase employment, per capita income and overall development of the country. The growth of an economy is highly dependent upon available resources. It implies an economy can achieve better growth if there is continuous increase in the resources. In the less developing countries the economy depends upon capital accumulation. If the rate of investment increases, it increases the national income. On the other hand, if investment falls national income also falls. To break the vicious circle of poverty we will have to increase the investment by increasing the savings in the country.
Some of the importance of capital formation are discussed as under.
(1)  Capital formation helps the country to become self-sufficient in the sense that a country does not have to rely on foreign investments, since savings of people get converted into investments.
(2) Capital formation helps an economy to achieve its desired economic growth. Increase in economic growth helps to improve the overall living standard of the people of the country which is important for any country.
(3) With the help of capital formation, a country can make better use of the natural resources for the benefit of itself and for the rest of the world. A country can produce and export high quality goods at globally competitive rates. Increase exports help to boost the economy of the country.
(4) Capital formation is beneficial for both companies and employees. On one side, capital formation provides finance for expansion at cheaper rates and on the other hand, expansion of business leads to more job opportunities.
(5) Capital formation increases the stock of Machineries equipment, raw materials etc. It helps to increase the productivity of an economy. Further, it leads to an increase in the rate of economic development. 

By: Asst. Prof. Navdeep Kaur (Department of Commerce)

 Privatization

After independence, India adopted mixed pattern of economy where both public and private sector

will play their role in the economic development of the country. But greater stress was placed upon

public sector as they have to play dominating and commanding role. The reasons were ,the private

sectors have limited capital to invest in long run fruit giving investments.. At the same time to

ensure justice and equity for the economically weaker sections ,the public sector was to work on

socio economic objectives of thee Government. But due to Globalization and Liberalization, the role

of government in economic activities is being reduced since 1991 and public sectors were

privatized.Privatization

After independence, India adopted mixed pattern of economy where both public and private sector

will play their role in the economic development of the country. But greater stress was placed upon

public sector as they have to play dominating and commanding role. The reasons were ,the private

sectors have limited capital to invest in long run fruit giving investments.. At the same time to

ensure justice and equity for the economically weaker sections ,the public sector was to work on

socio economic objectives of thee Government. But due to Globalization and Liberalization, the role

of government in economic activities is being reduced since 1991 and public sectors were

privatized.

Privatization is transfer of activities ,properties or capital from public to private hands. It refers to

denationalization of government run industries. After Privatization the government loose their

control over public activities.

The case for privatization has been based on a number of reasons

 Greater efficiency

 Bureaucracy and lack of initiative in public enterprises

 Accountability

 Quality of products

 Wider customer based

 Specialization

 Capital

Privatization is transfer of activities ,properties or capital from public to private hands. It refers to

denationalization of government run industries. After Privatization the government loose their

control over public activities.

The case for privatization has been based on a number of reasons

 Greater efficiency

 Bureaucracy and lack of initiative in public enterprises

 Accountability

 Quality of products

 Wider customer based

 Specialization

 Capital