Fiscal Policy

PUBLIC FINANCE Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more

Meaning of Economic and Social Development. Human Development Index (HDI)and Human Poverty Index (HPI).

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

Regional imbalances and income inequalitiies in India: Steps taken by the Government to reduce it.

Regional Imbalances And Income Inequalitiies In India: Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, Health care facilities etc. Income inequality is the unequal distribution of … Read more

Direct & Indirect Taxes

    Direct & Indirect Taxes   Direct Tax   Indirect Tax     Corporation Tax   Excise Duties     Income tax   Service Tax     Interest Tax   Central Value Added Tax (Vat)     Expenditure Tax   Sales Tax     Wealth tax   Property Tax     Gift Tax   … Read more

Organizations & Their Survey/Reports

Organizations & Their Survey/Reports 1. World Economic & Social Survey U. N 2. World Investment Report UNCTAD 3. Global Competitiveness Report World Economic Forum 4. World Economic Outlook IMF 5. Business Competitive Index World Economic Forum 6. Green Index World Bank 7. Business Confidence Index NCAER 8. POVERTY Ratio Planning Commission 9. Economic Survey Ministry … Read more

TAX REFORMS IN INDIA

Tax Reforms in India Sience 1990 ie the Chief Justice of India The Supreme Court of India is the highest court in India. It has: (a) One Chief Justice and 25 other judges (b) One Chief Justice and 30 other judges (c) One Chief Justice and 35 other judges (d) One Chief Justice and 40 … Read more

PROFIT & LOSS

Profit and loss   IMPORTANT FACTS Cost Price: The price, at which an ARTICLE is purchased, is called its cost price, abbreviated as C.P.   Selling Price: The price, at which an article is sold, is called its selling prices, abbreviated as S.P.   Profit or Gain: If S.P. is greater than C.P., the seller is said to have … Read more