Notes and Study material for Exams
Empowering Urban Lives: A Deep Dive into the National Urban Livelihood Mission (NULM) The urban landscape of India is a vibrant tapestry woven with diverse threads of aspirations, challenges, and opportunities. Within this dynamic environment, a significant segment of the population struggles to secure a dignified livelihood. Recognizing this pressing need, the Government of India … Read more
The following are the subtopics of Engineering Procurement and Construction (EPC): Engineering Procurement Construction Project Management Quality Control Safety Health EnvironmentEnvironment Social Responsibility Financial Management Risk Management Change Management Dispute Resolution Contract Management Stakeholder Management Communication Management Information Management Procurement Management Construction Management Commissioning Management Operation and Maintenance Management Decommissioning Management Engineering Procurement and Construction … Read more
The Fiscal Responsibility and Budget Management Act (FRBM) of India: A Journey Towards Fiscal Prudence The Fiscal Responsibility and Budget Management Act (FRBM) of 2003 was a landmark legislation in India’s fiscal history. It aimed to establish a framework for responsible fiscal management, aiming to reduce the fiscal deficit, stabilize the public debt, and promote … Read more
The Dance of Supply and Demand: Understanding Market Price Dynamics The market price of a good or service is a fundamental concept in economics, reflecting the dynamic interplay between supply and demand. It acts as a signal, guiding producers and consumers in their decision-making processes, ultimately determining the allocation of resources within an economy. This … Read more
Understanding Capital Gains Tax: A Comprehensive Guide Capital gains tax is a levy imposed on profits realized from the sale or exchange of capital assets. These assets can include stocks, bonds, real estate, precious metals, and even artwork. Understanding how capital gains tax works is crucial for investors, as it can significantly impact their overall … Read more
Measures Adopted for Educational Development of socio-economic disadvantaged groups: Our Constitution has directed the states to promote the educational interests of the weaker sections of the people, particularly of SCs and STs in terms of establishment of and admission to educational institutions and grant from state funds for scholarships, etc. It has thus … Read more
Public Private PARTNERSHIP for INFRASTRUCTURE and urban development projects. PPP is in particular need due to inefficiency, overstaffing and low productivity in govt. services and govt. owned enterprises. The projects under PPP go through competitive pricing process which clearly shows that the cost of public services is ‘bench marked’ against market standards. The payments which … Read more
The Rao Manmohan Model is an economic model that was developed by Indian economist Manmohan Singh. The model is based on the idea of LiberalizationLiberalization, PrivatizationPrivatization, and GlobalizationGlobalization-2GlobalizationGlobalization. It was implemented in India in the early 1990s, and it has been credited with helping to improve the country’s economy. The Rao Manmohan Model has three … Read more
Capital Account Convertibility: A Double-Edged Sword for Economic Growth Capital account convertibility (CAC) refers to the freedom of residents and non-residents to convert their domestic currency into foreign currencies and vice versa without restrictions. It allows for the free flow of capital across borders, enabling investments, borrowing, and lending in international markets. While CAC holds … Read more