Per Capital Income & Personal Income

-

 Per Capital Income

  • To evaluate the standard of living and quality of life of the population.
Per Capital Income =                National Income         .  
                                                                       Population of the country
  • Data released by the Ministry of Statistics and Programme Implementation (MoSPI).
  • During 2018-19 is ₹1,26,406 (₹10,533.83 monthly) as compared to 2017-18 of ₹1,14,958 (₹9,579.83 a month).
Personal Income
  • The income received by individuals or households in a country during one year, forms of wages, profits, interests and rents.
  • Personal Income (PI) = NI – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms (pensions, unemployment allowances, relief payments).
  • Out of NI, which is earned by the firms and government enterprises, a part of profit is not distributed among the factors of production. This is called Undistributed Profits (UP), UP does not accrue to the households.
Disposable Personal Income
  • Part of the personal income which is actually available to individuals and households for actual consumption and saving.
  • DPI = Personal Income - Personal direct taxes (Income tax, fire tax etc.) – fines, fees, etc.

Comments

Post a Comment

Popular posts from this blog

Indian Painting - Pre History

-
Image
    History and Evolution of Painting in India - An Overview India has a long tradition of artistic excellence and painting is one of the major mediums that has been used to express it. There is several evidence suggesting that painting flourished in India since ancient times. Archaeologists have found wall paintings in parts of India, which suggest that even the early historic man in India was engaged in activities of art and leisure The history of painting can be traced through the ancient and medieval period where the books were illustrated with paintings Then came the miniature style that dominated the Mughal and Rajput courts. With the coming of the Europeans, the art of painting and engraving took a western turn. Modern painters experimented with styles, colours and designs. Many Indian painters have gained worldwide recognition and are winning prizes and accolades for their vision. Principles of Painting The history of paintings can be known from primitive rock paintings of Bhim
Read more

Classification of Indian Paintings

-
Image
    Classification of Indian Paintings Indian Paintings have been broadly classified into two. Mural Paintings Miniature Paintings Mural Paintings The work on the walls or a solid structure are referred to as Murals. These have existed in India since ancient times and can be dated between 10th century BC and 10th century AD. The evidence of such paintings can be found at several locations in India. The beauty and the exquisiteness of mural paintings can be seen in places like Ajanta, Armamalai Cave, Ravan Chhaya Rock Shelter, Bagh Caves, Sittanavasal Caves and Kailash Temple in Ellora. Most of the mural paintings are either in natural caves or in rock cut chambers. The paintings follow a theme, the most common being Hindu, Buddhist and Jain. Mural paintings were also made to adorn any mundane premise. For e.g. Ancient theatre room in Jogimara Caves. Ajanta Cave Paintings One of the oldest surviving murals of Indian sub-continent, Ajanta caves were carved between 2nd century BC to 5th c
Read more

Folk Paintings

-
    Madhubani Paintings Traditionally done by the women of villages around Madhubani town (Bihar). It is also called Mithila Paintings. The paintings have a common theme and are usually drawn from religious motifs of the Hindus, including Krishna, Rama, Durga, Lakshmi and Shiva. The paintings are also made depicting auspicious occasions like birth, marriage and festivals. Flowers, trees, animals, etc. are used to fill any gaps in the painting. Traditionally, these were painted on walls using rice paste and vegetable colours on a base of cow dung and mud. With time, the base changed to handmade paper, clothes and canvas. Since there was no shading, the paintings are two-dimensional. Some of the common features of these paintings include double line border, bold use of colours, ornate floral patterns and exaggerated facial features. Since the art has remained confined to a specific geographical area, it has been given GI (geographical indication) status. Pattachitra Painting A traditiona
Read more