KPSC Prelims and Mains Notes, KPSC Test Series
Mainstay of Indian Economy Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share. Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc in … Read more Indian Agriculture
Although the systems of ancient India do have their reflections in the Constitutions of India, the direct sources of the Constitution lie in the administrative and legislative developments of the British period. Regulating Act of 1773 This Act was based on the report of a committee headed by the British Prime Minister Lord … Read more Evolution of Indian Constitution
Economic Growth Economic growth means an increase in real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is … Read more Economic Growth, Development & Planning
The global macroeconomic landscape is currently chartering a rough and uncertain terrain characterized by weak growth of world output. The situation has been exacerbated by; (i) declining prices of a number of commodities, with reduction in crude oil prices being the most visible of them, (ii) turbulent fnancial markets (more so equity markets), and … Read more Indian Economy in global Scenario
In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more Concept of Developing, Emerging and Developed countries.
The Twelfth Finance Commission was appointed under the chairmanship of C. Rangarajan on November 1, 2002 to make recommendations regarding the distribution between the Union and the States of net proceeds of shareable taxes, the principles which should govern the grants- in-aid of the revenues of States from the Consolidated Fund of India and … Read more 12 Finance Commission of India
Export Import Policy or Exim Policy or Foreign Trade Policy is a set of guidelines and instructions related to the import and export of goods. Various Objectives of Exim Policy are :- To facilitate sustained growth in exports from India and import in India. To stimulate sustained economic growth by providing access to essential raw … Read more Export Import (EXIM) Policy of India
Table of Content:- Public Finance Monetary Policies Inflation & Control Mechanism, Repo Rate Reverse Repo Rate CRR SLR. 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 … Read more Public Finance, Monetary Policies, Inflation & Control Mechanism, Repo Rate, Reverse Repo Rate, CRR & SLR.- For RAS RTS Exam
Table of Content:- Public Finance Monetary Policies Inflation & Control Mechanism, Repo Rate Reverse Repo Rate CRR SLR. 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 … Read more Public Finance, Monetary Policies, Inflation & Control Mechanism, Repo Rate, Reverse Repo Rate, CRR & SLR.
Sience 1990 ie the liberalization of Indian economy saw the beginning of Taxation reforms in the nation. The taxation system in the nation has been subjected to consistent and comprehensive reform. Following factors arise the need for tax reforms in India:- Tax resources must be maximized for increased social sector investment in the economy. International competitiveness … Read more Tax Reforms in India, Direct & Indirect Tax Reforms. Subsidies- Cash Transfer of Subsidy Issue.:- for RAS RTS Exams