Public Debt

When a government spends more than it collects in taxes, it borrows from the private sector to finance the budget deficit. The accumulation of past borrowing is the government debt. A tax cut stimulates consumer spending and reduces national saving. The reduction in saving raises the interest rate, which crowds out Investment. As per Solow’s … Read more

Flood- CGPCS Mains

Flood and Drought Occurrence Drought Drought is a complex, slow-onset phenomenon of ecological challenge that affects people more than any other natural hazards by causing serious economic, social and environmental losses in both developing and developed countries. The period of unusual dryness (i.e. drought) is a normal feature of the Climate and weather system in … Read more

Importance of Science & Technology as an engine for national development- Industrial development & Urbanization

Importance of Science & Technology as an engine for national development- Industrial development & Urbanization Professor Freeman J. Dyson, of Institute of Advanced Studies, Princeton, in his book “Infinite in all Directions,” had this to say about Technology: “Technology is a gift of God. After the gift of Life, it is perhaps the greatest of … Read more

Urban Economy after 1858

Urban Indian economy after 1858 During this period, the Indian economy essentially remained stagnant, growing at the same rate (1.2%) as the Population.  India also experienced deindustrialization during this period. Compared to the Mughal era, India during the British colonial era had a lower per-capita income, a large decline in the Secondary Sector, and lower … Read more

Global Environmental Issues: Climate change

Climate Change It is the long term change in the statistical distribution of weather patterns over periods of time Though it has been happening naturally for millions of years, in recent years it has accelerated due to anthropogenic causes and has been causing Global Warming. UNFCCC defines Climate Change as – “a change of climate … Read more

Chhattisgarh: Tax and Economic Reforms

  Tax Reforms are very important for the graceful implementation of tax structure of any state. It boosts tax payers to pay the taxes and to fill the government exchequer.   Tax Reforms: Several tax reforms have been implemented to make the payment and collections of taxes a painless exercise for Businesses operating in the … Read more

Agriculture Booster- Re-imaging agriculture through the lens of food processing industry

Re-imaging agriculture through the lens of Food Processing Industry The COVID-19 pandemic has accentuated the criticality of Food Security and food surplus management in the current policy space. To this end, policy steps in the agriculture sector in recent years have shifted their orientation from sustenance to Marketing. However, the sector is still exposed to … Read more

Economy Booster-WOMEN DEVELOPMENT PROGRAMS

Women DEVELOPMENT PROGRAMS Beti Bachao Beti Padhao (BBBP) Beti Bachao Beti Padhao (BBBP) was launched by the Prime Minister on 22nd January, 2015 at Panipat, Haryana. BBBP addresses the declining Child Sex Ratio (CSR) and related issues of Health and Nutrition”. Accordingly, a new sub-scheme namely Mahila Shakti Kendra (MSK) under the Umbrella Scheme Pradhan … Read more

Economy Booster- Domestic capital in economic development

Domestic capital in Economic Development Our economic Growth has been facing headwinds which is primarily cyclical in nature. The policy makers, the regulators and the system are making an honest effort to restore it. Many fiscal and monitory policies have been announced and implemented sincerely. These measures, it is expected, will bring the desired outcome. … Read more

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