Notes and Study material for Exams
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
Structure of Government and economic policies of British Empire in India (1757- 1857) : Administrative organization, Social and Cultural policies Structure of government under east india company (1757-1857) When the officials of the East India Company acquired control over Bengal in 1765, they had little intention of making any innovations in its administration. … Read more
The Balance of Payments: A Comprehensive Guide The balance of payments (BOP) is a crucial economic indicator that tracks all economic transactions between a country and the rest of the world over a specific period, typically a quarter or a year. It provides a comprehensive picture of a nation’s financial health, revealing its international trade … Read more
The Industrial Policy Resolutions of 1985 and 1986: A Catalyst for India’s Economic Transformation The Industrial Policy Resolutions (IPRs) of 1985 and 1986 marked a pivotal moment in India’s economic history. These resolutions, spearheaded by the then Prime Minister Rajiv Gandhi, aimed to revitalize the Indian economy by embracing a more liberal and market-oriented approach. … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> is the exchange of one currency for another or the conversion of one currency into another currency. also refers to the global market where currencies are traded virtually around the clock. transactions encompass everything from the conversion of currencies by a traveler at an airport … Read more
The Narasimham Committee – I: A Catalyst for India’s Financial Reforms The Indian financial sector in the late 1980s and early 1990s was characterized by inefficiency, lack of competition, and a heavy reliance on government control. This led to a stagnant economy and hindered growth. Recognizing the need for radical reform, the Indian government established … Read more
Making of The Constitution 1934: Idea of constituent assembly put forward by M N Roy 1935: INC officially demands constituent assembly 1938: JL Nehru’s declaration on the constitution of India 1940: Nehru’s demand accepted in the form of August Offer August Offer PM: Winston Churchill While rejecting INCs demand for independence of India after the … 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
The Finance Commission: A Vital Pillar of India’s Fiscal Federalism The Finance Commission, a constitutional body established under Article 280 of the Indian Constitution, plays a pivotal role in India’s fiscal federalism. It acts as a bridge between the Union and the States, ensuring a fair and equitable distribution of the nation’s financial resources. This … Read more