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Syllabus: GS 2: Government Policies and Interventions for Development in various sectors GS 3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Focus: The recent trade agreement between India and the European Free Trade Association (EFTA) marks a significant milestone in India’s trade relations. While negotiations with other countries …
Read MoreGENERAL SCENARIO OF INDIAN TAXATION Origin of Tax: The term “tax” comes from “taxation,” indicating an estimation process. Historical Presence: Direct taxation has been a part of India’s financial system since ancient times. Purpose of Taxation: Taxes are collected by the government to fund projects that boost the economy and improve citizens’ standard of living. …
Read MoreUnderstanding Public Finance Public finance is a crucial branch of economics that deals with the assessment of government revenue and expenditures. It aims at modifying these financial activities to achieve desirable outcomes and avoid adverse effects. This field covers the management of public money, including aspects such as the money a government receives, spends, borrows, …
Read MoreSYLLABUS: GS 3: Major crops-cropping patterns in various parts of the country, – different types of irrigation and irrigation systems storage, transport and marketing of agricultural produce and issues and related constraints; e-technology in the aid of farmers. Focus: Five months after implementing a restriction on onion exports due to anticipated shortages in the rabi …
Read MoreWhy in the news? Khanij Bidesh India Ltd. (KABIL) aims to acquire a lithium block in Australia this year, according to Mines Secretary V. L. Kantha Rao. source-US agency About Possible deal: KABIL, a joint venture of three PSUs, has been actively exploring mineral assets in Australia for the past year. Mr. Rao emphasized the …
Read MoreWhy in the news? Flash floods from unusually heavy seasonal rains in Afghanistan have killed more than 300 people and destroyed over 1,000 houses, the UN food agency said on Saturday Key points: The World Food Program is providing fortified biscuits to survivors of recent floods in Afghanistan, particularly in Baghlan province. Badakhshan, Baghlan, Ghor, …
Read MoreWhy in the news? President-elect José Raúl Mulino plans to close a migration route in Panama used by over 500,000 people last year, aiming to assert control over immigration. source:TH Issue: Mulino emphasizes that Panama’s Darien region is not a transit route but a vital border area, signaling a shift in immigration policy. The migration …
Read MoreSyllabus: GS-2 :Elections in India , Various laws and institutions governing it ,Election commission of India Focus : The article provides an in-depth examination of electoral laws and regulations in India, focusing on key aspects such as the cap on contesting from multiple constituencies, eligibility criteria for candidates, disqualification criteria, changes in electoral regulations by …
Read MoreSyllabus: GS-3 :Insurance and labor welfare , Human development and impact Focus : The article focuses on the recent Karnataka High Court ruling invalidating the amendment permitting foreign workers’ inclusion in the Employees’ Provident Fund (EPF) scheme. It delves into the implications of the ruling on EPF benefits for international workers, the significance of Social …
Read MoreSyllabus: GS-3 :India’s Pharmaceutical industry , localization and related trade Focus : The article delves into the recent policy shifts led by the Central Drugs Standard Control Organisation (CDSCO) regarding the centralization of licensing authority for export drugs in India’s pharmaceutical industry. It examines the potential ramifications of these changes on India’s global pharmaceutical standing, …
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