Emergency Provisions of the Constitution

An emergency is a situation demanding immediate action.The emergency provisions under Indian constitution can be traced back to the British rule in India, when by Act of parliament crown established its sovereignty over company’s territories in India in 1861 . The Governor General under the provisions exercised wide powers both legislative and executive. He was … Read more

Concept of Developing, Emerging and Developed countries.

  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

12 Finance Commission of India

  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

Economy of Jharkhand for JPSC Prelims Examination

Jharkhand Economy: Features,Issues, Challenges and Strategics Economic growth and structure of Jharkhand’seconomy, sectoral  composition, growth in SDP and per capita NSDP In last decade,  Agricultural and industrial growth in jharkhand Demographic features of Jharkhand : population growth, sex ratio,  density, literacy,composition of work force, rural-urban composition etc. with special reference to Census of 2001 and … Read more

Tax Reforms in India, Direct & Indirect Tax Reforms. Subsidies- Cash Transfer of Subsidy Issue.

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

Food Security & Public Distribution System(PDS)

WHO Defines Food security to exists when all people, at all times, have physical, social and economic access to sufficient, safe and nutritious food which meets their dietary needs and food preferences for an active and healthy life. Food security has three interlinked contents such as :- Availability of food, Access to food and absorption of food. Food … Read more

Role of World Bank, IMF WTO & other Important International Organisations in world Economy:-

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 at the … Read more

JPSC Prelims Notes for Economic Concepts and Indian Economy

Basic Features of Indian Economy (I) National Income ; Elementary concepts of national Income and methods of its calculation e-g,GDP, GNP, NDP, NNP, CSDP. NSDP, DDP at constant and current prices, at factor cost etc; (II) Inflation : Concept control of inflation : monetary, fiscal and direct measures. (III)Demographic features : Work force composition, demographic … Read more

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