The Raghuram Rajan Committee was appointed by the Government of India to suggest methods for identifying backward States and to recommend the criteria for allocation of funds from the Central Government to the States. It is argued in this paper that the index of underdevelopment of states...

The bond of innovation and entrepreneurship began from early days of humankind. From the accidental invention of fire because of striking of two stones together during the ages of early man to using those fire power for building steam engines, gas stoves and war weapons things get invented...