Notes and Study material for Exams
Fiscal Policy: The Government’s Toolkit for Economic Management Fiscal policy, a cornerstone of macroeconomic management, refers to the use of government spending, taxation, and borrowing to influence the economy. It acts as a powerful tool to stimulate growth, control inflation, and achieve broader economic objectives. This article delves into the intricacies of fiscal policy, exploring … Read more
Integrated Processing Development Scheme (IPDS): Boosting India’s Food Processing Sector Introduction India, with its vast agricultural produce and a burgeoning population, holds immense potential in the food processing sector. However, the sector faces several challenges, including inadequate infrastructure, limited access to technology, and a fragmented supply chain. Recognizing the need for a comprehensive approach to … Read more
Production Linked Incentive (PLI) Scheme: Spearheading India’s Manufacturing Revolution Introduction India, with its burgeoning population and rapidly growing economy, is poised to become a global manufacturing powerhouse. To achieve this ambitious goal, the government has launched several initiatives, one of the most prominent being the Production Linked Incentive (PLI) Scheme. This scheme, launched in 2020, … Read more
Export Promotion Government of India has liberalized the schemes for export oriented units and export processing Zones. agriculture, Fisheries and dairies have been included in the export oriented units. Export processing zones have been allowed to export through trading and star trading houses and can have equipment on lease. These units have been allowed cent … Read more
The World Trade Organization came into being in 1995 as the successor organization to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. It is a multilateral framework (an agreement among governments) for conduct of international trade in goods and Services and also for protection of Intellectual … Read more
Niti Ayog – National Institution for Transforming India The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and … Read more
INTRODUCTION Among several features of Globalization-3/”>Globalization, one relates to increasing interactions among nations and removal of barriers to facilitate movement of goods, capital, labour and technology. It is a process that renders various activities and aspiration worldwide in scope or application. As a part of this process of increasing integration of the world, many countries … Read more
The Balance of Trade: A Vital Indicator of Economic Health The balance of trade, a fundamental concept in international economics, refers to the difference between a country’s exports and imports of goods and services over a specific period. It provides a crucial snapshot of a nation’s economic performance and its position in the global marketplace. … Read more