Notes and Study material for Exams
The Fiscal Deficit: A Balancing Act Between Growth and Sustainability The fiscal deficit, a measure of a government’s spending exceeding its revenue, is a complex economic concept with significant implications for a nation’s financial health and future prosperity. Understanding its dynamics, causes, and consequences is crucial for policymakers and citizens alike. This article delves into … Read more
Monetary Policy TOOL: There are several direct and indirect instruments that are used for implementing monetary policy. Repo rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the Liquidity Adjustment facility (LAF). Reverse Repo Rate: The (fixed) interest rate … Read more
The Washington Consensus: A Neoliberal Blueprint for Development? The Washington Consensus, a term coined in the early 1990s, refers to a set of ten economic policy recommendations that emerged from the International Monetary Fund (IMF), the World Bank, and the US Treasury Department. These recommendations, largely based on neoliberal principles, aimed to guide developing countries … Read more
Open Market Operations: The Central Bank’s Powerful Tool for Monetary Policy Open market operations (OMOs) are a cornerstone of modern monetary policy, providing central banks with a powerful tool to influence interest rates, money supply, and ultimately, economic activity. This article delves into the intricacies of OMOs, exploring their mechanisms, objectives, and impact on the … Read more
India was the first nation to launched a family planning programme in 1952. Though the birth rate started decreasing, it was accompanied by a sharp decrease in death rate, leading to an overall increase in Population.The early concept of population policy covered both mortality and fertility and did not exclusively focus on fertility. There was … Read more
Gross Value Added: A Comprehensive Guide to Understanding Economic Performance Gross Value Added (GVA) is a crucial economic indicator that measures the value of goods and services produced within a specific geographical area, industry, or sector. It represents the contribution of each economic activity to the overall economy, providing a more nuanced understanding of economic … Read more
The Complex World of Corporate Tax: A Deep Dive into Rates, Structures, and Global Trends Corporate tax, the levy imposed on the profits of businesses, plays a crucial role in shaping the economic landscape of nations. It serves as a primary source of government revenue, funding essential public services like healthcare, education, and infrastructure. However, … Read more
Fiduciary Money: The Foundation of Modern Economies The world of money is complex, with various forms and functions evolving throughout history. One particularly important type is fiduciary money, which forms the bedrock of most modern economies. This article delves into the intricacies of fiduciary money, exploring its origins, characteristics, and its role in shaping our … Read more
Overview of Agriculture Sector in India: A Vital Backbone Facing Challenges Agriculture, the backbone of the Indian economy, plays a pivotal role in the lives of millions of Indians. It provides sustenance, employment, and contributes significantly to the national GDP. This article delves into the multifaceted landscape of Indian agriculture, exploring its historical significance, current … Read more
The Many Faces of Money: A Journey Through History, Economics, and Society Money, a seemingly simple concept, is a complex and multifaceted phenomenon that has shaped human civilization for millennia. From its humble beginnings as a medium of exchange to its role in global finance, money has evolved alongside human society, reflecting our changing needs, … Read more