Notes and Study material for Exams
Problem of illiteracy in India and solutions According to the 2011 Census, any person aged seven and above and has the ability to read and write is considered literate. The Average Literacy rate in India stands at 74.04%. While Kerala has the highest literacy rate in India at 93.91%, Bihar has the least literacy rate … Read more
Reviving a loss making PSU In the last seven decades, CPSUs have contributed significantly towards making India self- reliant in their respective fields. In addition to physical assets, these have developed significant competencies with regard to human Resources, intellectual property, research etc. and have always served the national priorities, over narrow business interests. Following the … Read more
Technological Progress: A Catalyst for Human Advancement Technological progress, the relentless march of innovation and invention, has been a defining force in human history. From the invention of the wheel to the advent of artificial intelligence, technology has shaped our societies, transformed our lives, and propelled us towards a future brimming with possibilities. This article … Read more
The Insolvency and Bankruptcy Code (IBC): A Catalyst for Economic Growth and Financial Stability The Insolvency and Bankruptcy Code (IBC) of 2016 stands as a landmark legislation in India’s economic landscape, aiming to streamline the process of resolving corporate distress and promoting a healthy credit culture. This comprehensive framework, replacing a fragmented and cumbersome system, … Read more
The Significance of Base Year: A Deep Dive into its Role in Economics and Data Analysis The concept of a base year is fundamental to understanding economic data and trends. It serves as a crucial reference point for comparing economic indicators over time, allowing us to gauge growth, decline, and changes in purchasing power. This … Read more
Make in India: A Journey Towards Manufacturing Powerhouse Introduction: The “Make in India” initiative, launched in 2014, is a flagship program of the Indian government aimed at transforming India into a global manufacturing hub. This ambitious program seeks to attract foreign investment, boost domestic production, create jobs, and enhance India’s economic competitiveness. The initiative has … Read more
The Lakdawala Expert Group (LEG) was a group of experts appointed by the Government of India in 1993 to review the existing system of urban planning and development in the country. The LEG submitted its report in 1996, which made a number of recommendations for reform. The following are the subtopics covered in the Lakdawala … Read more
The Socialist Economy: A Comprehensive Overview The term “socialist economy” evokes a wide range of interpretations, often entangled with political ideologies and historical contexts. This article delves into the core principles, historical evolution, and contemporary manifestations of socialist economic systems, aiming to provide a comprehensive and nuanced understanding. Defining the Socialist Economy: A Spectrum of … Read more
The Looming Shadow: Understanding Recessions and Their Impact Recessions, periods of significant economic decline, are a recurring feature of modern capitalism. While they are often associated with negative consequences, understanding their causes, characteristics, and potential solutions is crucial for navigating these turbulent economic waters. This article delves into the intricacies of recessions, exploring their definition, … Read more
Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and Financial Inclusion Priority Sector Lending: Introduced from 1974 with Public Sector Banks. Extended to all Commercial Banks by 1992 In the revised guidelines for PSL the thrust is … Read more