Notes and Study material for Exams
Kerala economy updates Gross State Domestic Product The Gross State Domestic Product of Kerala for 2019-20 (at current prices) is estimated to be Rs 8,75,514 This is 13% higher than the revised estimate for 2018-19. Trends in economic Growth The quick estimate of Gross State Domestic Product (GSDP) at constant (2011-12) prices is ₹5,13,69,589 lakh … Read more
Kerala economy is grappling with 3 necessary issues; one is the reduction within the share of agriculture and allied sectors and sluggish performance of Industrial Sector in State income. The third is that the severe resource crunch faced by the state for endeavour development expenditure. In 2004-05, the share of agriculture and business in … 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
What is GST? Goods and Services Tax — GST — is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Through a tax credit mechanism, this tax is collected on value-added goods and services at each stage of sale or purchase in the supply chain. The system … Read more
Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision,
Uttar pradesh:economy updates Gross State Domestic Product (GSDP) The Gross State Domestic Product (GSDP) of Uttar Pradesh for 2019-20 at current prices is estimated to be Rs 15,79,807 crore, which is 7% higher than the revised estimate for 2018-19. Total receipts Total receipts (excluding borrowings) for 2019-20 are estimated to be Rs 3,97,416 crore, an … Read more
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
Economic Profile Uttarakhand is one of the fastest growing states of the India. The State’s economy grew at an annual Growth rate of over 10 percent during the last decade. In terms of economic growth, the state’s performance has been above the national Average from 2002-03 to 2010-11. The high growth led to rapid … Read more
Highlights of current year’s union budget and its analysis Highlights of the budget,2019 Income up to Rs 5 lakh exempted from Income tax Standard deduction raised to Rs 50,000 from Rs 40,000 Direct Tax proposals to provide Rs 23,000 cr relief to 3 crore taxpayers Persons with gross income up to Rs 6.50 lakh not … Read more
Monetary Policy is the process by which the monetary authority of a country controls the Government Bonds, it is said to be engaging in which of the following? (A) Open market operations (B) Discount rate (C) Reserve requirement (D) Fiscal policy When the Federal Reserve sells government bonds, it is said to be engaging in … Read more