Economy

Climate of Mizoram for Mizoram PSC

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Climate of Mizoram Mizoram is a mountainous state nestling in the southern tip of the north-east region of India. Covered with verdant forests dominated by thick bamboo groves, teeming with vibrant wildlife, sheer cliffs and breath-taking waterfalls, dotted with unique landmarks of myriad folklores and picturesque villages of houses built on stilts, a land of … Read more Climate of Mizoram for Mizoram PSC

Economic Growth, Development & Planning 

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  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 

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

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

Budgeting- Different types of Budgeting, Budgetary Control, Responsibility Accounting, Social Accounting, Different types of Deficits- Budgetary, Fiscal & Revenue Deficit.

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    Table of Content:- Budgeting- Different types of Budgeting Budgetary Control Responsibility Accounting Social Accounting Different types of Deficits- Budgetary Fiscal Revenue Deficit   Budgeting is the process of estimating the availability of resources and then allocating them to various activities of an organization according to a pre-determined priority. In most cases, approval of … Read more Budgeting- Different types of Budgeting, Budgetary Control, Responsibility Accounting, Social Accounting, Different types of Deficits- Budgetary, Fiscal & Revenue Deficit.

Banking- Role of Commercial Banks, Issue of NPA, Financial Inclusion:-

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Table of Content:- Role of Commercial Banks Issue of NPA Financial Inclusion A Commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial … Read more Banking- Role of Commercial Banks, Issue of NPA, Financial Inclusion:-

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

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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.