Poverty and Inequality
Poverty is a state or situation in which a person or a group of people don’t have enough money or the basic things they need to live.
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Inflation
Inflation is the rate of increase in prices over a given period of time. It means your money won’t buy as much today as you could yesterday.
Unemployment
Unemployment is a situation in which individuals are ready & willing to work at the prevailing rate of wages but are not able to get work.
Money and Financial System of India
What is Money? Money has been defined differently by different economists. But the most acceptable definition of money can be stated in terms of all the functions of money. Money is anything which is generally accepted as a means of exchange, a measure and store of value and which also acts as standard of deferred
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Land Reforms in India
Mains PYQs What were the factors responsible for the successful implementation of land reforms in some parts of the country? Elaborate.(2024) State the objectives and measures of land reforms in India. Discuss how land ceiling policy on landholding can be considered as an effective reform under economic criteria.(2023) How did land reforms in some parts
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GATT and WTO
Free Trade Vs Protectionism Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Barriers of Trade Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Stages of Economic Integration World Trade Organization, as an institution was established
International Monetary Fund(IMF)
Bretton Wood Twins As both institutions are outcome of a conference – “United Nations Monetary and Financial Conference” at the Mount Washington Hotel in In Bretton Woods, New Hampshire in 1944. They are popularly referred as Brettonwood twins. Purpose of Bretton wood institutions The basic aim was to help rebuild the shattered post-war economy (
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Taxation
Taxes are levied by governments on their citizens to generate income for undertaking projects to boost the economy of the country and to raise the standard of living of its citizens. The authority of the government to levy tax in India is derived from the Constitution of India, which allocates the power to levy taxes
Fiscal Policy
Fiscal policy is the use of government spending and taxation to influence the economy, to promote sustainable growth and reduce poverty.
Banking in India – Functions and Challenges
What is a Bank: A bank is an institution which accepts deposits from the public and in turn advances loans by creating credit. The act of lending and borrowing creates both credit and debit. \”Debt represents money that has been borrowed but not yet been paid back, Credit represents money available to be borrowed.\” The
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