Tuesday, February 17, 2015

list of Padma Awardees 2015 including Former Deputy PM Advani, Amitabh , Dilip Kumar get Padma Vibhushan

Former Deputy Prime Minister and BJP veteran L K Advani, film stars Amitabh Bachchan and Dilip Kumar and Punjab Chief Minister Parkash Singh Badal are among the nine personalities who have been selected for Padma Vibhushan this year.

Twenty personalities including Constitutional expert Subhash Kashyap, lawyer Harish Salve, Microsoft Chief Bill Gates and his wife Melinda, journalists Rajat Sharma and Swapan Dasgupta will be conferred with Padma Bhushan.

Film maker Sanjay Leela Bhansali is among the 75 personalities who have been selected for Padma Shri.

The Awards are given in various disciplines including art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, and sports, every year on the occasion of Republic Day.

Below is the list of Padma Awardees 2015: 

Padma Vibhushan

1. Shri L. K. Advani (Public Affairs,Gujarat)
2. Shri Amitabh Bachchan (Art, Maharashtra)
3. Shri Prakash Singh Badal (Public Affairs, Punjab)
4. Dr. D. Veerendra Heggade (Social Work, Karnataka)
5. Shri Mohammad Yusuf Khan alias Dilip Kumar (Art, Maharashtra)
6. Shri Jagadguru Ramanandacharya Swami Rambhadracharya (Others, Uttar Pradesh)
7. Prof. Malur Ramaswamy Srinivasan (Science and Engineering, Tamil Nadu)
8. Shri Kottayan K. Venugopal (Public Affairs, Delhi)
9. Shri Karim Al Hussaini Aga Khan (Foreigner) (Trade and Industry, France/UK)

Padma Bhushan 

1. Shri Jahnu Barua (Art, Assam)
2. Dr. Vijay Bhatkar (Science and Engineering, Maharashtra)
3. Shri Swapan Dasgupta (Literature and Education, Delhi)
4. Swami Satyamitranand Giri (Others, Uttar Pradesh)
5. Shri N. Gopalaswami (Civil Service, Tamil Nadu)
6. Dr. Subhash C. Kashyap (Public Affairs, Delhi )
7. Dr. (Pandit) Gokulotsavji Maharaj (Art, Madhya Pradesh)
8. Dr. Ambrish Mithal (Medicine, Delhi)
9. Smt. Sudha Ragunathan (Art, Tamil Nadu)
10. Shri Harish Salve (Public Affairs, Delhi)
11. Dr. Ashok Seth (Medicine, Delhi)
12. Shri Rajat Sharma (Literature and Education, Delhi)
13. Shri Satpal (Sports, Delhi)
14. Shri Shivakumara Swami (Others, Karnataka)
15. Dr. Kharag Singh Valdiya (Science and Engineering, Karnataka)
16. Prof. Manjul Bhargava (NRI/PIO) (Science and Engineering, USA)
17. Shri David Frawley (Vamadeva) (Foreigner) (Others, USA)
18. Shri Bill Gates (Foreigner) (Social Work, USA)
19. Ms. Melinda Gates (Foreigner) (Social Work, USA)
20. Shri Saichiro Misumi (Foreigner) (Others, Japan)

Padma Shri

1. Dr. Manjula Anagani (Medicine, Telangana)
2. Shri S. Arunan (Science and Engineering, Karnataka)
3. Ms. Kanyakumari Avasarala (Art, Tamil Nadu)
4. Dr. Bettina Sharada Baumer (Literature and Education, Jammu and Kashmir)
5. Shri Naresh Bedi (Art, Delhi)
6. Shri Ashok Bhagat (Social Work, Jharkhand)
7. Shri Sanjay Leela Bhansali (Art, Maharashtra)
8. Dr. Lakshmi Nandan Bora (Literature and Education, Assam)
9. Dr. Gyan Chaturvedi (Literature and Education, Madhya Pradesh)
10. Prof. (Dr.) Yogesh Kumar Chawla (Medicine, Chandigarh)
11. Smt. Jayakumari Chikkala (Medicine, Delhi)
12. Shri Bibek Debroy (Literature and Education, Delhi)
13. Dr. Sarungbam Bimola Kumari Devi (Medicine, Manipur)
14. Dr. Ashok Gulati (Public Affairs, Delhi)
15. Dr. Randeep Guleria (Medicine, Delhi)
16. Dr. K. P. Haridas (Medicine, Kerala)
17. Shri Rahul Jain (Art, Delhi)
18. Shri Ravindra Jain (Art, Maharashtra)
19. Dr. Sunil Jogi (Literature and Education, Delhi)
20. Shri Prasoon Joshi (Art, Maharashtra)
21. Dr. Prafulla Kar (Art, Odisha)
22. Ms. Saba Anjum (Sports, Chhattisgarh)
23. Smt. Ushakiran Khan (Literature and Education, Bihar)
24. Dr. Rajesh Kotecha (Medicine, Rajasthan)
25. Prof. Alka Kriplani (Medicine, Delhi)
26. Dr. Harsh Kumar (Medicine, Delhi)
27. Shri Narayana Purushothama Mallaya (Literature and Education, Kerala)
28. Shri Lambert Mascarenhas (Literature and Education, Goa)
29. Dr. (Mrs.) Janak Palta McGilligan (Social Work, Madhya Pradesh)
30. Shri Veerendra Raj Mehta (Social Work, Delhi)
31. Shri Tarak Mehta (Art, Gujarat)
32. Shri Neil Herbert Nongkynrih (Art, Meghalaya)
33. Shri Chewang Norphel (Others, Jammu and Kashmir)
34. Shri T. V. Mohandas Pai (Trade and Industry, Karnataka)
35. Dr.Tejas Patel (Medicine, Gujarat)
36. Shri Jadav Molai Peyang (Others, Assam)
37. Smt. Bimla Poddar (Other, Uttar Pradesh)
38. Dr. N. Prabhakar (Science and Engineering, Delhi)
39. Dr. Prahalada (Science and Engineering, Maharashtra)
40. Dr. Narendra Prasad (Medicine, Bihar)
41. Shri Ram Bahadur Rai (Literature and Education, Delhi)
42. Ms. Mithali Raj (Sports, Telangana)
43. Shri P. V. Rajaraman (Civil Service, Tamil Nadu)
44. Prof. J. S. Rajput (Literature and Education, Uttar Pradesh)
45. Shri Kota Srinivasa Rao (Art, Andhra Pradesh)
46. Prof. Bimal Roy (Literature and Education, West Bengal)
47. Shri Shekhar Sen (Art, Maharashtra)
48. Shri Gunvant Shah (Literature and Education, Gujarat)
49. Shri Brahmdev Sharma (Bhaiji) (Literature and Education, Delhi)
50. Shri Manu Sharma (Literature and Education, Uttar Pradesh)
51. Prof. Yog Raj Sharma (Medicine, Delhi)
52. Shri Vasant Shastri (Science and Engineering, Karnataka)
53. Shri S. K. Shivkumar (Science and Engineering, Karnataka)
54. Ms. P. V. Sindhu (Sports, Telangana)
55. Shri Sardara Singh (Sports, Haryana)
56. Ms. Arunima Sinha (Sports, Uttar Pradesh)
57. Shri Mahesh Raj Soni (Art, Rajasthan)
58. Dr.Nikhil Tandon (Medicine, Delhi)
59. Shri H. Thegtse Rinpoche (Social Work, Arunachal Pradesh)
60. Dr.Hargovind Laxmishanker Trivedi (Medicine, Gujarat)
61. Shri Huang Baosheng (Foreigner) (Others, China)
62. Prof. Jacques Blamont (Foreigner) (Science and Engineering, France)
63. Late Shri Syedna Mohammad Burhanuddin (Posthumous) (Others, Maharashtra)
64. Shri Jean-Claude Carriere (Foreigner) (Literature and Education, France)
65. Dr. Nandrajan “Raj” Chetty (NRI/PIO) (Trade and Industry, USA)
66. Shri George L. Hart (Foreigner) (Others, USA)
67. Jagat Guru Amrta Suryananda Maha Raja (NRI/PIO) (Others, Portugal)
68. Late Shri Meetha Lal Mehta (Posthumous) (Social Work, Rajasthan)
69. Ms. Tripti Mukherjee (NRI/PIO) (Art, USA)
70. Dr. Dattatreyudu Nori (NRI/PIO) (Medicine, USA)
71. Dr. Raghu Rama Pillarisetti (NRI/PIO) (Medicine, USA)
72. Dr. Saumitra Rawat (NRI/PIO) (Medicine, UK)
73. Prof. Annette Schmiedchen (Foreigner) (Literature and Education, Germany)
74. Late Shri Pran Kumar Sharma alias Pran (Posthumous) (Art, Delhi )
75. Late Shri R. Vasudevan (Posthumous) (Civil Service, Tamil Nadu)

Source  DD NEWS 

Monday, February 16, 2015

What is National Income : Basic Concepts

National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation.

Concepts of National Income

There are various concepts of National Income, such as GDP, GNP, NNP, NI, PI, DI, and PCI which explain the facts of economic activities.

GDP at market price: Is money value of all goods and services produced within the domestic domain with the available resources during a year.

GDP = (P*Q)

Where,
GDP = gross domestic product
P = Price of goods and services
Q= Quantity of goods and services
GDP is made up of 4 Components
consumption 
investment
government expenditure
net foreign exports of a country
GDP = C+I+G+(X-M) 
Where, 
C=Consumption
I=Investment
G=Government expenditure
(X-M) =Export minus import
Gross National Product (GNP): Is market value of final goods and services produced in a year by the residents of the country within the domestic territory as well as abroad. GNP is the value of goods and services that the country's citizens produce regardless of their location.
GNP=GDP+NFIA or,
GNP=C+I+G+(X-M) +NFIA
Where, 
C=Consumption
I=Investment
G=Government expenditure
(X-M) =Export minus import
NFIA= Net factor income from abroad.
Net National Product (NNP) at MP: Is market value of net output of final goods and services produced by an economy during a year and net factor income from abroad. 
NNP=GNP-Depreciation
or, NNP=C+I+G+(X-M) +NFIA- IT-Depreciation
Where, 
C=Consumption
I=Investment
G=Government expenditure
(X-M) =Export minus import
NFIA= Net factor income from abroad.
IT= Indirect Taxes
National Income (NI): Is also known as National Income at factor cost which means total income earned by resources for their contribution of land, labour, capital and organisational ability. Hence, the sum of the income received by factors of production in the form of rent, wages, interest and profit is called National Income.

Symbolically, 
NI=NNP +Subsidies-Interest Taxes
or, GNP-Depreciation +Subsidies-Indirect Taxes
or, NI=C+G+I+(X-M) +NFIA-Depreciation-Indirect Taxes +Subsidies
Personal Income (PI): Is the total money income received by individuals and households of a country from all possible sources before direct taxes. Therefore, personal income can be expressed as follows: 
PI=NI-Corporate Income Taxes-Undistributed Corporate Profits- Social Security Contribution +Transfer Payments.
Disposable Income (DI) : It is the income left with the individuals after the payment of direct taxes from personal income. It is the actual income left for disposal or that can be spent for consumption by individuals.
Thus, it can be expressed as: 
DI=PI-Direct Taxes
Per Capita Income (PCI): Is calculated by dividing the national income of the country by the total population of a country.
Thus, PCI=Total National Income/Total National Population
Measurement of National Income

There are three methods to calculate National Income:
Income Method
Product/ Value Added Method
Expenditure Method
INCOME METHOD
In this National Income is measured as flow of income.
We can calculate NI as:

NET NATIONAL INCOME = Compensation of Employees+ Operating surplus mixed (w +R +P +I) + Net income + Net factor income from abroad.
Where,
W = Wages and salaries
R = Rental Income
P = Profit
I = Mixed Income       

Product/ Value Added Method
In this National Income is measured as flow of goods and services.

We can calculate NI as:
NATIONAL INCOME = G.N.P – COST OF CAPITAL – DEPRECIATION – INDIRECT TAXES

Expenditure Method
In this National Income is measured as flow of expenditure.
We can calculate NI through Expenditure method as:
National Income=National Product=National Expenditure.