Notes and Study material for Exams
Mission COVID Suraksha: India’s Drive for Vaccine Self-Reliance The COVID-19 pandemic, a global health crisis of unprecedented scale, exposed vulnerabilities in the world’s healthcare systems, particularly in vaccine production and distribution. India, with its vast population and limited access to affordable vaccines, found itself at a critical juncture. Recognizing the urgency of the situation, the … Read more
Housing for All Scheme: Realizing the Dream of Affordable Housing in India The dream of affordable housing for all has been a cornerstone of Indian policy for decades. However, the reality on the ground has been far from ideal, with millions of Indians struggling to secure safe and decent living spaces. Recognizing the urgency of … Read more
The Pigovian Tax: A Tool for Balancing Externalities and Market Efficiency Introduction The invisible hand of the market, while often lauded for its efficiency in allocating resources, can sometimes fail to account for the full costs and benefits of economic activities. This failure arises from the presence of externalities, which are costs or benefits imposed … Read more
The Negative Income Tax: A Potential Solution to Poverty and Inequality The concept of a negative income tax (NIT) has been debated for decades as a potential solution to poverty and inequality. It proposes a system where individuals below a certain income threshold receive government payments instead of paying taxes. This article will delve into … Read more
The Public Distribution System: A Lifeline for Millions, But Facing Challenges The Public Distribution System (PDS) is a cornerstone of India’s food security strategy, playing a vital role in ensuring access to essential commodities like food grains, sugar, and kerosene to millions of vulnerable citizens. This article delves into the intricacies of the PDS, exploring … Read more
Green Box Subsidy A green box subsidy is a type of agricultural subsidy that is considered to be non-trade distorting. This means that it does not have a significant impact on agricultural production or trade. Green box subsidies are allowed under the Agreement on Agriculture of the World Trade Organization (WTO). General Services Research programs … Read more
Agricultural Pricing Policy: A Balancing Act Between Farmers’ Welfare and Consumer Affordability Agriculture, the backbone of many economies, plays a crucial role in providing food security and generating livelihoods for millions. However, the sector faces numerous challenges, including volatile market prices, fluctuating input costs, and the ever-present need to balance farmers’ income with consumer affordability. … Read more
The Complex Landscape of Farm Subsidies: A Deep Dive into Direct, Indirect, and Minimum Support Prices The global agricultural landscape is a complex tapestry woven with intricate threads of trade, policy, and economic forces. At the heart of this tapestry lies the controversial issue of farm subsidies, a multifaceted tool used by governments to support … 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 Policy: The Government’s Toolkit for Economic Management Fiscal policy, a cornerstone of macroeconomic management, refers to the use of government spending, taxation, and borrowing to influence the economy. It acts as a powerful tool to stimulate growth, control inflation, and achieve broader economic objectives. This article delves into the intricacies of fiscal policy, exploring … Read more