Notes and Study material for Exams
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more
The WTO and Agricultural Subsidies: A Complex Dance of Trade and Politics The World Trade Organization (WTO) plays a crucial role in regulating international trade, aiming to create a level playing field for all participating countries. However, the issue of agricultural subsidies has proven to be a contentious and complex area within the WTO framework, … Read more
1781: Hastings set up the Calcutta Madrasah for the study and teaching of Muslim law and related subjects 1791: Jonathan Duncan started a Sanskrit College at Varanasi for the study of Hindu law and philosophy. 1813: Charter of 1813 directed the Company to spend Rs. 1 lakh for promoting modern sciences in the country. This … Read more
The International Monetary System: A Journey Through Time and Challenges The global economy operates on a complex web of interconnected systems, with the International Monetary System (IMS) serving as its crucial backbone. This intricate framework governs the exchange of currencies, facilitates international trade and investment, and promotes global economic stability. Understanding the evolution, structure, and … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> (GDP) and EMPLOYMENT Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, Industry and Services. Agriculture includes crops, INFRASTRUCTURE operations, Education, Health care, Banking and insurance, and many other economic activities. Agriculture India ranks second worldwide in farm output. Agriculture and … Read more
The United Nations Organisation (UNO) is the global international organisation of sovereign independent states. It was established on 24 October 1945. The destruction caused by the Second World War and failure of the League of nations compelled the people to establish an international organisation for keeping the world away from war and in favour of … Read more
[su_heading]World Bank[/su_heading] The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign Investment and promoting long-range balance Growth in international trade. The World Bank was established in December 1945 … Read more
India in Global Indices Global Innovation Index The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in PARTNERSHIP with other organisations and institutions, and is based on both subjective and … Read more
International Organizations An international organization is an organization with an international membership, scope, or presence. There are two main types: International nongovernmental organizations(INGOs): non-governmental organizations (NGOs) that operate internationally. These include international non-profit organizations and worldwide companies such as the World Organization of the Scout Movement, International Committee of the Red Cross. Intergovernmental organizations, also known as international governmental organizations (IGOs): the type of organization … Read more
Environmental Education Environmental education is a process that allows individuals to explore environmental issues, engage in problem solving, and take action to improve the Environment. As a result, individuals develop a deeper understanding of environmental issues and have the skills to make informed and responsible decisions. Benefits of Environmental Education By studying environmental studies, it … Read more