Notes and Study material for Exams
Tax Expenditure is the revenue foregone as a result of exemptions and concessions. Tax expenditure was introduced for the first time in 2006-07 union budget. Tax expenditure is justified on following grounds: Act as an incentive for priority sector like
Tax incidence: Tax incidence is the entity on whom tax is imposed. It is the distribution of the overall tax burden between sellers and buyers in an economy. Tax burden: It is the total amount of tax paid by a particular group of people, an Industry etc especially as compared to what other … Read more
Green Revolution is an agricultural revolution in which agricultural productivity was increased by providing package of inputs like High yield variety seeds, chemical fertiliser and better Irrigation facility. It lead to the increased agricultural production and made India a self -reliant country in terms of food production. Impact of Green Revolution are summarised as below: … Read more
NITI Aayog(National Institute for transforming India) is a policy think tank of the Government of India to achieve Sustainable Development goals and to achieve cooperative cooperative Federalism by enhancing the role of State Government in the economic policy making and to make bottom up approach a reality. The role of NITI aayog will be: Bring … Read more
Indian economy has come a long way since independence. From socialist pattern to liberalised era it , from being agrarian to service oriented economy it has seen many ups and downs. The basic features of Indian economy are enumerated as follows: India is a developing economy with low per capita income. Current Per capita income … Read more
Human Development is a process of enlarging people’s choices. The most critical ones are to lead a long and healthy life, to be educated and to enjoy a decent standard of living. Additional choices include political freedom, guaranteed Human Rights and self-respect.Human development has to be development of the people, by the people, for the … Read more
Nature, types and Problems of Unemployment in India:-Unemployment may be defined as “a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work”. India is one of those ill-fated underdeveloped countries which is suffering from a huge unemployment problem. … Read more
Human Health Plays a crucial role in the Human Development.Even though human development is a broad concept with infinite dimensions, it is said that at all levels of development, there are three basic ones: a long and healthy life, access to knowledge, and a decent standard of living. Without these basic dimensions, other dimensions such … Read more
The World Bank defines POVERTY in absolute terms. The bank defines extreme poverty as living on less than US$1.90 per day> (PPP), and moderate poverty as less than $3.10 a day. Types of Poverty Absolute poverty measures poverty in relation to the amount of Money necessary to meet basic needs such as food, clothing, and … Read more