Notes and Study material for Exams
The Surcharge on Certain Taxes and Duties: A Deep Dive into Article 271 of the Income Tax Act The Indian Income Tax Act, 1961, is a complex and multifaceted piece of legislation designed to ensure a fair and equitable distribution of the tax burden. One of the key provisions within this Act is Article 271, … Read more
Census Of India : Economic and Social features Rural and urban Population Altogether, 833.5 million persons live in rural area as per Census 2011, which was more than two-third of the total population, while 377.1 million persons live in urban areas. Urban proportion has gone up from 17.3 per cent in 1951 to 31.2 per … Read more
The Agricultural Revolutions of India: A Journey of Transformation India, a land of diverse landscapes and rich agricultural heritage, has witnessed a series of transformative agricultural revolutions that have shaped its economic and social fabric. These revolutions, driven by technological advancements, policy changes, and societal shifts, have propelled India from a predominantly agrarian society to … Read more
Mission COVID Suraksha: India’s Drive for Vaccine Self-Reliance The COVID-19 pandemic, a global health crisis of unprecedented scale, exposed vulnerabilities in the world’s healthcare systems, particularly in vaccine production and distribution. India, with its vast population and limited access to affordable vaccines, found itself at a critical juncture. Recognizing the urgency of the situation, the … Read more
The Food Corporation of India: A Pillar of India’s Food Security The Food Corporation of India (FCI) stands as a cornerstone of India’s food security system, playing a pivotal role in ensuring the availability of food grains for the nation’s vast population. Established in 1965, the FCI has evolved over the years, adapting to changing … Read more
The Tax-GDP Ratio: A Window into Fiscal Health and Economic Development The tax-GDP ratio, a fundamental metric in macroeconomics, reflects the proportion of a nation’s gross domestic product (GDP) collected as tax revenue. This ratio serves as a crucial indicator of a country’s fiscal health, its ability to fund public services, and its overall economic … Read more
Satvahanas After the fall of the Mauryan Empire, the history of the Andhras, as a continuous account of political and cultural events, commences with the rise of the Satavahanas as a political power. According to Matsya Purana there were 29 rulers of this dynasty. They ruled over the Andhradesa including Deccan for about 400 years … 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
The Economy Cut Motion: A Powerful Tool for Budgetary Control and its Impact on Public Spending The “Economy Cut Motion” (ECM), also known as a “guillotine motion,” is a parliamentary procedure used in various countries to limit debate and expedite the passage of legislation, particularly budget bills. While its primary function is to streamline the … Read more
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme: Boosting India’s Export Competitiveness Introduction India’s export sector plays a pivotal role in driving economic growth, generating employment, and fostering technological advancements. However, the country faces stiff competition in the global market, often hampered by high input costs and complex tax structures. To address these … Read more