Notes and Study material for Exams
[su_heading size=”21″]Types of Industries[/su_heading] Based on the value addition and tangibility broadly we can have three types of industries – primary industries,secondary industries and tertiary industries. Primary industries are usually very simple industries involving processing of raw materials to give input goods for secondary industries. Here value addition is usually minimal and they are … Read more
Public Finance Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more
The Complex Dance: Financial Relations and Centre-State Relations in India India’s federal structure, with its intricate web of power sharing between the Centre and the States, is a testament to the country’s unique political and administrative landscape. This intricate balance is further complicated by the complex interplay of financial relations, where the distribution of resources … Read more
Enabling legislations, financial and procedural incentives, and business opportunities for investors Today, economy of India is the seventh largest in the world by nominal Gross Domestic Product (“GDP”) and third largest by purchasing power parity and the annual Growth rate of GDP has been 7.3% from 2011 to 2015. The country is classified … 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
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
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
What is a Money Bill in India? A Deep Dive into the Financial Powerhouse of Parliament The Indian Constitution, a complex and intricate document, meticulously outlines the powers and responsibilities of various branches of government. Among its many provisions, Article 110 stands out, defining a specific category of legislation known as “Money Bills.” These bills, … Read more
Articles 168 to 212 in Part VI of the Constitution deal with the organisation, composition, duration, officers, procedures, privileges, powers and so on of the State Legislature.In most of the States, the Legislature consists of the Governor and the Legislative Assembly (Vidhan Sabha). This means that these State have unicameral Legislature. In a Six States( … 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