Notes and Study material for Exams
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more
What is GST? Goods and Services Tax — GST — is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Read moreGoods and Services Tax — GST
The Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. These 17 Goals build on the successes of the Millennium Development Goals, while including new areas such as Climate change, economic inequality, innovation, sustainable consumption, peace and Justice, among other … Read more
Solid Waste Management; Types of Solid waste Management; Factors affecting Solid Waste Generation Solid Waste Management Solid waste management is basic public Services which every citizen should have access to, both for INFRASTRUCTURE and cause the release of hazardous materials. War and conflict: War and conflict can also lead to an increase in the amount … Read more
The Goods and Services Tax (GST): A Comprehensive Guide The Goods and Services Tax (GST) is a comprehensive, multi-stage tax levied on the value addition at each stage of the production and supply chain. It is a destination-based tax, meaning the tax is levied on the final consumption of goods and services. GST has revolutionized … Read more
Solid Waste Management; Types of Solid waste Management; Factors affecting Solid Waste Generation Solid Waste Management Solid waste management is basic public Services which every citizen should have access to, both for
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> India’s National Accounts It is emphasised that in view of the essentially de-centralized character of the Indian Statistical System, the continental size of the country with large diversities and federal character of Polity, the Indian System of National Accounts to include regional accounts at the State … Read more
The Circular Flow of Income: A Vital Engine of Economic Activity The economy is a complex system, with countless transactions happening every second. To understand how this system functions, economists use models to simplify and visualize the relationships between different economic actors. One such model is the Circular Flow of Income, a fundamental concept that … Read more
Understanding the Pulse of the Economy: A Deep Dive into National Income Accounting National income accounting is the backbone of economic analysis, providing a comprehensive picture of a nation’s economic performance. It’s the language economists use to measure and track the flow of goods and services, income, and spending within an economy. This article delves … Read more
Aggregate Demand: The Engine of Economic Growth Aggregate demand (AD) is a fundamental concept in macroeconomics, representing the total demand for all goods and services produced in an economy at a given price level. It is a key driver of economic growth, employment, and price stability. Understanding aggregate demand is crucial for policymakers and businesses … Read more