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    The document provides a timeline of important economic events in India from 1757 to 2017. Some key events include the Battle of Plassey in 1757, the introduction of railways in 1850, the launch of India's first postal stamp in 1852, the start of the first Five-Year Plan in 1951, the nationalization of commercial banks in 1969, the beginning of the Green Revolution in 1966, the formulation of the New Economic Policy in 1991, the establishment of the World Trade Organization in 1995, the introduction of the Mahatma Gandhi National Rural Employment Guarantee Programme in 2005, the establishment of Special Economic Zones in 2012, the launch of the Make in India campaign in 2014, and the implementation of the Goods

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    The document provides a timeline of important economic events in India from 1757 to 2017. Some key events include the Battle of Plassey in 1757, the introduction of railways in 1850, the launch of India's first postal stamp in 1852, the start of the first Five-Year Plan in 1951, the nationalization of commercial banks in 1969, the beginning of the Green Revolution in 1966, the formulation of the New Economic Policy in 1991, the establishment of the World Trade Organization in 1995, the introduction of the Mahatma Gandhi National Rural Employment Guarantee Programme in 2005, the establishment of Special Economic Zones in 2012, the launch of the Make in India campaign in 2014, and the implementation of the Goods

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    © All Rights Reserved
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    17 views2 pages

    Important Dates in IED

    Uploaded by

    kawaljeetsingh121666
    The document provides a timeline of important economic events in India from 1757 to 2017. Some key events include the Battle of Plassey in 1757, the introduction of railways in 1850, the launch of India's first postal stamp in 1852, the start of the first Five-Year Plan in 1951, the nationalization of commercial banks in 1969, the beginning of the Green Revolution in 1966, the formulation of the New Economic Policy in 1991, the establishment of the World Trade Organization in 1995, the introduction of the Mahatma Gandhi National Rural Employment Guarantee Programme in 2005, the establishment of Special Economic Zones in 2012, the launch of the Make in India campaign in 2014, and the implementation of the Goods

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    © All Rights Reserved
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    of 2

    INDIAN ECONOMIC DEVELOPMENT TIME LINE OF IMPORTANT EVEN TS

    YEARS EVENTS
    1757 Battle of Plassey
    1850 Introduction of Railways
    1852 First postal stamp was launched
    1853 First train started between Bombay and Thane (16th April 1853)
    1854 First railway bridge was constructed in India
    1869 Opening of Suez Canal
    1881 First official census
    1907 Tata Iron and Steel company started
    1921 Year of Great Divide, First phase of Demographic Transitions
    1932 Private Sector Aviation launched by Tata & Sons
    1935 Reserve Bank of India started
    1948 First Industrial Policy Resolution formulated
    1948 GATT-General Agreement on Trade and Tariff (Old name of WTO)
    1950 Establishment of Planning Commission and World Health Organization
    1951 First Five-year plan started in India: Development and Regulation Act passed
    1953 First Five-year plan started in China
    1955 Karve Committee on Village and Small Scale industry Development started
    1956 First Five-year plan started in Pakistan
    1956 Second Industrial Policy Resolution formulated
    1958 Great Leap Forward Campaign in China
    1965 Great Proletarian Culture in China
    1966 First phase of Green Revolution started, adopted high yielding variety programme
    1969 Indian Institutional Credit Approach (Social banking and multi-agency approach)
    1969 MRTP (Monopolies and Restrictive Trade Policy) Act was passed
    1969 Nationalization of Commercial banks
    1970 Beginning of White Revolution& Beginning of Atomic power generation
    1973 Foreign Exchange Regulation Act (FERA) passed
    1974 Central Pollution Control Board formulated (CPCB)
    1982 National Bank for Agriculture and Rural Development started (NABARD)
    1986 Environment Protection Act was passed
    1988 National Forest Policy formulated
    1991 New Economic Policy formulated (July 1991), New Industrial policy formulated
    1992 Montreal Protocol (Ozone layer)
    1995 World Trade Organization formed
    1995 National Social Assistance Programme
    1998 Tapas Majumdar Committee(Expenditure on education)
    1999 Foreign Exchange Management Act was passed
    1999 Swarnajayanthi Gram Swarozgar Yojana was introduced
    2001 Removal of quantitative restriction on import- export
    2004 National Food for Work programme introduced
    2005 Mahatma Gandhi National Rural Employment Guarantee Programme started
    2012 Established Special Economic Zone
    2014 Pradhan Jan Dhan Yojana introduced
    2014 Make in India campaign
    2014 Planning Commission was dissolved
    2015 Formation of NITI Aayog(National Institute for Transforming India)
    2016 Demonetization
    2017 GST (Goods and Services )Act passed (1st July 2017)

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