Notes and Study material for Exams
Privatization: A Global Phenomenon with Diverse Impacts Privatization, the transfer of ownership and control of assets from the public sector to the private sector, has been a prominent feature of economic policy in many countries over the past several decades. This shift from government-controlled entities to private businesses has been driven by a range of … Read more
Here is a list of subtopics on the Indian economy from 1950 to 1990: Planning Agriculture IndustryIndustry InfrastructureInfrastructure Trade Finance Social sector Economic reforms I hope this helps! Let me know if you have any other questions. The Indian economy has undergone a significant transformation since 1950. In the early years, the economy was largely … Read more
Here is a list of sub topics without any description for Planning in India: National Planning State Planning District Planning Town Planning Urban Planning Rural Planning Regional Planning Environmental Planning Economic Planning Social Planning Physical Planning Financial Planning Administrative Planning Legislative Planning Judicial Planning Educational Planning Health Planning Housing Planning Transportation Planning Communication Planning Energy … Read more
Taxation: The Backbone of Modern Societies Taxation, the compulsory levy imposed by a government on its citizens and businesses, is a fundamental pillar of modern societies. It serves as the primary source of revenue for governments, enabling them to fund essential public services like healthcare, education, infrastructure, and defense. While often viewed as a necessary … Read more
Fiscal Stimulus: A Powerful Tool for Economic Recovery, But With Caveats Fiscal stimulus, a cornerstone of economic policy during downturns, involves government intervention to boost economic activity through increased spending, tax cuts, or a combination of both. This intervention aims to stimulate demand, create jobs, and ultimately propel the economy towards recovery. While its effectiveness … Read more
The Weight of the World: A Deep Dive into Public Debt Public debt, the sum of all outstanding financial obligations owed by a government, is a complex and often misunderstood economic concept. While it’s often portrayed as a looming crisis, the reality is far more nuanced. This article delves into the intricacies of public debt, … Read more
The N.K. Singh Committee: Reframing India’s Fiscal Rules The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, was a landmark legislation aimed at ensuring fiscal prudence and sustainability in India. However, over time, the Act’s effectiveness faced scrutiny, leading to the formation of the N.K. Singh Committee in 2016. This committee, tasked with reviewing the … Read more
Deficit Financing: A Double-Edged Sword of Economic Policy Deficit financing, a term that often evokes both hope and trepidation, refers to the practice of governments spending more than they collect in revenue, thus creating a budget deficit. This seemingly simple concept carries profound implications for a nation’s economic health, impacting everything from inflation and interest … Read more
Fiscal Consolidation: Navigating the Tightrope Between Growth and Sustainability Fiscal consolidation, the process of reducing government budget deficits and debt, is a complex and often controversial economic policy. It involves a delicate balancing act between the need to ensure long-term fiscal sustainability and the potential risks of stifling economic growth. This article delves into the … Read more
Understanding the Primary Deficit: A Deep Dive into Government Finances The term “primary deficit” might sound like a complex economic jargon, but it’s a crucial concept for understanding a nation’s financial health. It’s a measure of a government’s spending and revenue, excluding interest payments on its existing debt. This article delves into the intricacies of … Read more