Notes and Study material for Exams
Agenda 21: A Blueprint for Sustainable Development in the 21st Century Introduction Agenda 21, a comprehensive blueprint for sustainable development, emerged from the 1992 United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro, also known as the Earth Summit. This landmark document, adopted by 178 nations, laid out a framework for achieving … Read more
What is a Money Bill in India? A Deep Dive into the Financial Powerhouse of Parliament The Indian Constitution, a complex and intricate document, meticulously outlines the powers and responsibilities of various branches of government. Among its many provisions, Article 110 stands out, defining a specific category of legislation known as “Money Bills.” These bills, … Read more
ZED Scheme: Transforming MSMEs into Manufacturing Champions The Indian manufacturing sector, the backbone of the nation’s economy, is undergoing a significant transformation. At the heart of this change lies a crucial initiative – the Zero Defect Zero Effect (ZED) Scheme. Launched by the Ministry of Micro, Small and Medium Enterprises (MSME) in 2015, the ZED … Read more
NATIONAL INCOME The study of National Income is important because of the following reasons: To see the Economic Development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more
The Capital Account: A Vital Component of the Balance of Payments The global economy is a complex web of interconnected transactions, with goods, services, and capital flowing across borders. Understanding these flows is crucial for policymakers and businesses alike, and the balance of payments (BOP) provides a comprehensive framework for analyzing them. One key component … Read more
The Backbone of Economies: Exploring the Core Industries Core industries, often referred to as “basic industries” or “key industries,” play a pivotal role in shaping the economic landscape of nations. These industries are characterized by their significant contribution to a country’s GDP, employment, and overall economic growth. They serve as the foundation upon which other … Read more
India’s industrial landscape is dynamic and expansive, encompassing a diverse range of sectors that contribute to the nation’s economic growth and global presence. This article provides a detailed look into the major sectors within the Indian industry, examining their current state, challenges, contributions, and future outlook. 1. Manufacturing Sector India’s manufacturing industry is a major … Read more
The Rise of Non-Banking Financial Companies (NBFCs): A Comprehensive Look at the Landscape Introduction The financial landscape is constantly evolving, with new players and innovative models emerging to cater to the diverse needs of individuals and businesses. Among these, Non-Banking Financial Companies (NBFCs) have gained significant prominence, playing a crucial role in bridging the financial … Read more
The Engine of Economic Growth: A Deep Dive into Capital Formation Capital formation, the process of creating and accumulating new capital assets, is the lifeblood of economic growth. It fuels innovation, expands productive capacity, and ultimately leads to higher living standards. This article delves into the intricacies of capital formation, exploring its key components, drivers, … Read more
The State Finance Commissions are required to recommend financial support from the state and principles for determination of taxes, tolls and fees that could be assigned to or appropriated by the local bodies ARTICLE 243I of the Indian Constitution prescribes that the Governor of a State shall, as soon as may be within one year … Read more