09.03.18 JPSC (Jharkhand) Current Affairs

JHARKHAND   Study: panchayats fail to generate own funds   A recent study by Participatory Research In Asia reveals that in Jharkhand panchayats are lagging behind in generating their own funds. The comparative study with adjoining states shows that the Read More …

13.12.17 JPSC (Jharkhand) Current Affairs

JHARKHAND   Administration makes cctv cameras mandatory inside school buses   Emphasising on the need to improve the status of transport facilities in all private schools, the district administration has made installation of close-circuit cameras mandatory in all school buses Read More …

Miscellaneous Facts:

Miscellaneous Facts:   India’s GDP per Capita 622 (US $ PPP). It is 684 US $ for Pakistan.   The top 3 countries with external debt are Brazil (235 billion $), China (193 billion $) & Russia (175 billion $). Read More …

Commissions/Committees & Their Purpose

  Commissions/Committees & Their Purpose Arjun Sen Gupta   Public Sector Enterprise Autonomy Committee         Rangarajan Committee   Disinvestment of PSUs & Balance of Payments. Malhotra Committee   Insurance Sector & its regulation. Follow up led to Read More …

Four Modes of Services under GATT

  Four Modes of Services under GATT Mode 1 Cross border trade, which is defined as delivery of a service from the territory of one   country into the territory of other country; Mode 2 Consumption abroad – this mode Read More …

Direct & Indirect Taxes

    Direct & Indirect Taxes   Direct Tax   Indirect Tax     Corporation Tax   Excise Duties     Income Tax   Service Tax     Interest Tax   Central Value Added Tax (Vat)     Expenditure Tax Read More …

Components of Money Supply

    Components of Money Supply   M1 Consists of currency with the public (ie notes & coins in circulation minus cash with the banks)   plus demand deposits with the bank (deposits which can be withdrawn without notice) plus Read More …

Organizations & Their Survey/Reports

Organizations & Their Survey/Reports 1. World Economic & Social Survey U. N 2. World Investment Report UNCTAD 3. Global Competitiveness Report World Economic Forum 4. World Economic Outlook IMF 5. Business Competitive Index World Economic Forum 6. Green Index World Read More …

Millenium Development Goals

Millenium Development Goals 1. Eradicate extreme poverty and hunger 2. Achieve universal primary education 3. Promote gender equality and empower women 4. Reduce child mortality 5. Improve maternal health 6. Combat HIV/AIDS, malaria, and other diseases 7. Ensure environmental sustainability Read More …

Financial Inclusion

Financial Inclusion Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Government of Read More …

Role of Commercial Banks

Role of Commercial Banks 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 Read More …

MONEY SUPPLY

Money Supply Money supply is the entire stock of currency and other liquid instruments in a country’s economy as of a particular time. The money supply can include cash, coins and balances held in checking and savings accounts. Money Supply Read More …

INDIAN PUBLIC FINANCE

Indian Public Finance Value Added Tax Under the constitution the States have the exclusive power to tax sales and purchases of goods other than newspapers There are however defects of sales tax It is regressive in nature. Families with low Read More …

MONETARY POLICIES

Monetary Policies Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Read More …

PUBLIC FINANCE

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 of one or Read More …

-SUBSIDIES- CASH RANSFER OF SUBSIDY ISSUE

Subsidies- Cash Transfer of Subsidy Issue. A subsidy is a benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy is usually given to remove some type of Read More …

TAX REFORMS IN INDIA

Tax Reforms in India 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 Read More …

BUDGETING

Budgeting 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 a budget also means the approval to various spending Read More …

Drain Theory

  Dadabhai Naoroji: ‘Poverty in India’ (1876) He claimed that the drain of wealth and capital from the country which started after 1757 was responsible for absence of development in India. Drain was done through trade, industry and finance Two Read More …

Industrial Transition in India

  The process of industrial transition divided into: industrial growth during the 19th century and industrial progress during the 20th century Industrial growth during the 19th century Decline of indigenous industries and the rise of large scale modern industries 1850-55: Read More …

India under the British Rule

  The economic consequences of the British rule can be studied under three heads: Decline of Indian Handicrafts and progressive ruralisation of the Indian economy Growth of the new land system and the commercialisation of Indian agriculture Process of industrial Read More …