Notes and Study material for Exams
When a government spends more than it collects in taxes, it borrows from the private sector to finance the budget deficit. The accumulation of past borrowing is the government debt. A tax cut stimulates consumer spending and reduces national saving. The reduction in saving raises the interest rate, which crowds out Investment. As per Solow’s … Read more
Concept of Republic A republic is a form of government in which the country is led by elected representatives and there is no monarch. The word “republic” comes from the Latin word “res publica”, which means “public affair”. Republics are often contrasted with monarchies, in which the country is led by a hereditary ruler, such … Read more
Samagra Shiksha, launched in 2018, is India’s flagship scheme for strengthening school education across the nation. It represents a comprehensive approach, envisioning quality education that is equitable, inclusive, and fosters human development in an evolving knowledge society. Understanding Samagra Shiksha Integration: Samagra Shiksha subsumes three earlier schemes – Sarva Shiksha Abhiyan (SSA), Rashtriya Madhyamik Shiksha Abhiyan … Read more