Notes and Study material for Exams
The Current Account Deficit: A Tale of Two Sides The current account deficit (CAD) is a key economic indicator that reflects a nation’s financial health and its position in the global economy. It represents the difference between a country’s total earnings from exports and its total spending on imports. A deficit arises when a country … Read more
The Capital Account: A Vital Component of the Balance of Payments The global economy is a complex web of interconnected transactions, with goods, services, and capital flowing across borders. Understanding these flows is crucial for policymakers and businesses alike, and the balance of payments (BOP) provides a comprehensive framework for analyzing them. One key component … Read more
The Balance of Payments Surplus: A Sign of Strength or a Warning Signal? The balance of payments (BOP) is a record of all economic transactions between a country and the rest of the world over a specific period, typically a quarter or a year. It essentially tracks the flow of money into and out of … Read more
Navigating the Storm: A Comprehensive Look at India’s National Disaster Management Act, 2005 India, a land of diverse landscapes and vast populations, is inherently vulnerable to a wide range of natural disasters. From devastating earthquakes and cyclones to floods and droughts, the nation faces a constant threat from these unpredictable forces. Recognizing the need for … Read more
The National Crisis Management Committee (NCMC): Safeguarding Against Disasters The National Crisis Management Committee (NCMC) stands as a vital pillar in India’s disaster management framework, playing a crucial role in coordinating and facilitating effective responses to national emergencies. This article delves into the NCMC’s structure, functions, and significance, exploring its evolution, challenges, and future prospects. … Read more
The following are the subtopics of National Treatment: Definition History WTO Agreement on Trade in Goods WTO Agreement on Trade in Services GATS National Treatment Commitments Exceptions to National Treatment Enforcement of National Treatment The Future of National Treatment Definition National treatment is a principle of international trade law that requires countries to treat imported … Read more
The National Planning Committees (1938) subtopics are: Agriculture Industry Transport and Communications Labour Social Services Education Health Housing Town Planning Co-operation Finance Publicity and Propaganda Research and Statistics Constitutional Provisions General Provisions The National Planning Committee was set up in 1938 by the Indian National Congress to formulate a plan for the Economic Development of … Read more
The Navratnas are the nine most important jewels in the Indian subcontinent. They are: Diamond Ruby Emerald Sapphire Pearl Coral Topaz Amethyst Cat’s eye The Navratnas are often used in jewelry and other decorative items. They are also believed to have special powers, such as bringing good luck and fortune. The Navratnas are nine precious … Read more
The Fiscal Deficit: A Balancing Act Between Growth and Sustainability The fiscal deficit, a measure of a government’s spending exceeding its revenue, is a complex economic concept with significant implications for a nation’s financial health and future prosperity. Understanding its dynamics, causes, and consequences is crucial for policymakers and citizens alike. This article delves into … Read more
Understanding the Government Deficit: A Deep Dive into Key Measurers The concept of a government deficit is often discussed in economic and political discourse, but its true meaning and implications can be elusive. This article delves into the intricacies of government deficits, exploring the various measures used to quantify them and their significance in understanding … Read more