Notes and Study material for Exams
Calculation of Income tax (for salaried person and excluding house rent allowance) Salary is made up of various components such as: Basic salary, House rent allowance (HRA), Special allowance Other allowances, reimbursements etc. However, not all of the amount received as salary is fully taxable. A part of it … Read more
Immunodiagnosis techniques Immunodiagnostics is a diagnostic methodology that uses an antigen-antibody reaction as their primary means of detection. The concept of using immunology as a diagnostic tool was introduced in 1960 as a test for serum insulin. A second test was developed in 1970 as a test for thyroxine in the 1970s. It is well-suited … Read more
Institutions of developmental finance A Development Financial institution (DFI) is defined as “an institution endorsed or supported by Government of india primarily to provide development/Project finance to one or more sectors or sub-sectors of the economy. the institution differentiates itself by a thoughtful balance between commercial norms of operation, as adopted by any financial institution … Read more
IMPACT OF NEW ECONOMIC POLICY India’s post-independence development strategy showed all the signs of stagnation, but the economy started showing the sign of recovery in the early nineties when the government adopted the new economic model known as INFRASTRUCTURE, into a modern developed economy. New Economic Policy 1991 India opened up the economy in the … Read more
Social Empowerment, Communalism, Regionalism Social Empowerment In societal development, conception of empowerment has vital role. This phrase is linked with Secularism and national amalgamation. The consequences of Communalism are ruinous. Causes of Communalism There are numerous of causes for the occurrence of communalism. First is the tendency of the Minorities. The Muslims fail to … Read more
Socialist approach and Total Revolution Socialist approach In simple language Socialism can be regarded as a movement against the inequality existing in the present social order. It is a plan for a new social order based on Justice, Equality, free from exploitation of man by man, a co-operative commonwealth of mankind. Though socialists differ among … Read more
Reasonable restrictions on Fundamental Rights and Right to Property Fundamental Rights are the basic rights of the people and the charter of rights contained in Part III of Constitution of India. It guarantees civil liberties such that all Indians can lead their lives in peace and harmony as citizens of India. These include individual rights … Read more
[su_heading size=”21″]Budgetary Deficit[/su_heading] Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the Treasury Bills issued by the RBI and drawing down of cash balances kept with the RBI. The budgetary deficit was called Deficit Financing by the government … Read more
[su_heading]Party Politics[/su_heading] Political Parties are an established part of modern mass Democracy, and the conduct of Elections in India is largely dependent on the behaviour of political parties. Although many candidates for Indian elections are independent, the winning candidates for Lok Sabha and Vidhan Sabha elections usually stand as members of political parties, and … Read more
Fiscal Policy is that part of Government policy which is concerned with raising revenues through Taxation and other means along with deciding on the level and pattern of expenditure it operates through budget. However, generally the expenditure exceeds the revenue income of the Government. In order to meet this situation, the Government imposes new taxes … Read more