Notes and Study material for Exams
National Action plans on Climate Change Climate Change is one of the most critical global challenges of our times. Recent events have emphatically demonstrated our growing vulnerability to climate change. Climate change impacts will range from affecting agriculture – further endangering Food Security – to sea-level rise and the accelerated erosion of coastal zones, increasing … Read more
What is an Export Subsidy? An export subsidy is a government policy that provides financial assistance to domestic firms that export their goods and services. This assistance can take many forms, such as direct payments, tax breaks, or government-provided insurance. The goal of export subsidies is to make it more profitable for domestic firms to … Read more
India Nepal Latest border dispute On May 8, India’s defence minister virtually inaugurated a new 80 km-long road in the Himalayas, connecting to the border with China, at the Lipulekh pass. The Nepali government protested immediately, contending that the road crosses territory that it claims and accusing India of changing the status quo without diplomatic … Read more
Planning Commission and national development council Planning commission The Planning Commission was an institution in the Government of India, which formulated India’s Five-Year Plans, among other functions. Background Rudimentary economic planning, deriving from the sovereign authority of the state, was first initiated in India in 1938 by Congress President and Indian National Army … Read more
Export Promotion Government of India has liberalized the schemes for export oriented units and export processing Zones. agriculture, Fisheries and dairies have been included in the export oriented units. Export processing zones have been allowed to export through trading and star trading houses and can have equipment on lease. These units have been allowed cent … Read more
The Capital Account Deficit: A Deep Dive into the Dynamics of Global Finance The global economy operates on a complex web of interconnected financial flows. One crucial aspect of this intricate system is the capital account, which tracks the movement of financial assets between countries. When a country experiences a capital account deficit, it means … Read more
Balance of Payments is a systematic record of all economic transactions undertaken by residents of one country i.e. households, firms and the government with their counterparts in rest of the world. It consists of: 1. Current Account, 2. Capital Account and 3. Reserve Account. The Current Account covers transactions in goods and Services and transfers … Read more
The Permanent Court of Arbitration: A Century of Dispute Resolution The Permanent Court of Arbitration (PCA) stands as a testament to the enduring human desire for peaceful resolution of international disputes. Established in 1899, it predates the International Court of Justice (ICJ) and has played a crucial role in shaping the landscape of international law … Read more
The Clean Development Mechanism: A Bridge to a Sustainable Future? The Clean Development Mechanism (CDM) is a unique instrument within the United Nations Framework Convention on Climate Change (UNFCCC) that aims to promote sustainable development while mitigating climate change. Established under the Kyoto Protocol, the CDM allows developed countries to invest in emission reduction projects … Read more
First Plan (1951 – 56) Target Growth : 2.1 % Actual Growth 3.6 % It was based on Harrod-Domar Model. Influx of refugees, severe food shortage & mounting Inflation confronted the country at the onset of the First Five Year Plan. The Plan Focussed on agriculture, price stability, power and transport It was a successful … Read more