Economy
Gumla district has rich natural and mineral resources. There are 23 Bauxite mines and 68 Stone mines in Gumla district. Besides these there is good number of brick makers. In Gumla District the important minerals like Bauxite and Laterite (Aluminium ore) are found in villages of Amkipani, Langdatanr, Chirodih, Jalim, Narma, Bahagara and Gurdari of Bishunpur block, Langatanr, Lupungpat and Chota-Agiatu in Chainpur block and Harup, Serengdag and Jalim in Ghaghra block. Beside these china clay is also found in some part of the district. Other mining activities like stone crusher, Brick kiln and stone chip mining lease are also available in different part of the district.
In 2006 the Indian government named Gumla one of the country's 250 most backward districts (out of a total of 640). It is one of the 21 districts in Jharkhand currently receiving funds from the Backward Regions Grant Fund Programme (BRGF).
Read more about this topic: Gumla District
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)