Notes and Study material for Exams
The Curious Case of Giffen Goods: When Demand Goes Up Despite Rising Prices In the realm of economics, the law of demand reigns supreme: as the price of a good increases, the quantity demanded decreases. This fundamental principle forms the bedrock of our understanding of consumer behavior. However, there exist rare and intriguing exceptions to … Read more
The Invisible Hand of Taxation: A Deep Dive into Indirect Taxes Indirect taxes, often referred to as “hidden taxes,” play a crucial role in modern economies. They are levied on goods and services rather than directly on individuals or businesses, making them a less visible but nonetheless significant source of revenue for governments. This article … Read more
The Goods and Services Tax Council: A Catalyst for India’s Economic Transformation The Goods and Services Tax (GST) Council, established in 2016, stands as a testament to India’s commitment to a unified and streamlined taxation system. This apex body, comprising representatives from the central and state governments, plays a pivotal role in shaping the future … Read more
Understanding the Complex World of Taxes: A Comprehensive Guide to Types of Taxes Taxes are an integral part of modern society, serving as the primary source of revenue for governments to fund public services, infrastructure, and social programs. From the moment we earn our first paycheck to the time we purchase a new car, taxes … Read more
Famous Personalities India in the Eighteenth Century Administrative Organization of the British Growth of Communalism World War I and Indian Nationalism The Home Rule Movement Lucknow Pact (1916) Montagu-Chelmsford Reforms and Rowalt act Gandhi’s early career and activism Non Co-operation and Khilafat Movement Peasant Movements The Working Class Movements Struggles for Gurudwara Reform and Temple … Read more