Impact of Liberalization , Privatization and Globalization.

INFRASTRUCTURE of the country. DISADVANTAGES OF PRIVATIZATION Privatization in spite of the numerous benefits it provides to the state owned enterprises, there is the other side to it as well. Here are the prominent disadvantages of privatization: • Private sector focuses more on profit maximization and less on social objectives unlike public sector that initiates socially viable adjustments in case of … Read more

Gender Development Index (GDI)

The GDI measures gender gaps in Human Development achievements by accounting for disparities between Women and men in three basic dimensions of human development—Health, knowledge and living standards using the same component indicators as in the HDI. The GDI is the ratio of the HDIs calculated separately for females and males using the same methodology … Read more

JPSC Prelims Notes for Economic Concepts and Indian Economy

Basic Features of Indian economy [su_posts template=”templates/list-loop.php” posts_per_page=”100″ tax_term=”1322″ tax_operator=”0″ order=”desc”] (I) NATIONAL INCOME ; Elementary concepts of national Income and methods of its calculation e-g,GDP, GNP, NDP, NNP, CSDP. NSDP, DDP at constant and current prices, at Factor Cost etc; (II) Inflation : Concept control of inflation : monetary, fiscal and direct measures. (III)Demographic … Read more

Double Taxation Avoidance Agreements (DTAA)

Navigating the Global Tax Landscape: A Guide to Double Taxation Avoidance Agreements (DTAA) The globalized economy has fostered a complex web of international business transactions, leading to a potential for double taxation – a situation where the same income or capital is taxed twice by different countries. To mitigate this risk and promote cross-border investment, … Read more

Deficit and Subsidies

Current Account deficit and Unfavorable Balance of Payment Current Account Deficit The current account deficit is a measurement of a country’s trade where the value of the goods and Services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, such as … Read more

Tax Evasion

The Shadow Economy: Unmasking Tax Evasion and its Global Impact Tax evasion, the deliberate act of avoiding or minimizing tax obligations, casts a long shadow over global economies. It undermines government revenue, distorts markets, and fuels inequality. This article delves into the multifaceted nature of tax evasion, exploring its various forms, motivations, and consequences. We … Read more

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN): Strengthening India’s Farmers

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN): Strengthening India’s Farmers Introduction Agriculture, the backbone of the Indian economy, employs a significant portion of the country’s workforce and contributes substantially to its GDP. However, Indian farmers face numerous challenges, including low income, indebtedness, and vulnerability to climate change. Recognizing the need to empower and uplift the agricultural … Read more

Indicator of development, Human development & Economic development

Human Development is a process of enlarging people’s choices. The most critical ones are to lead a long and healthy life, to be educated and to enjoy a decent standard of living. Additional choices include political freedom, guaranteed Human Rights and self-respect.Human development has to be development of the people, by the people, for the … Read more