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Understand contractionary fiscal policy—how governments use spending cuts and tax hikes to control inflation and manage the economy. Explore its objectives, real-world applications, and impact on aggregate demand for UPSC GS3 Economics.
Read MoreFORGING A NEW INDIA-AFRICA DIGITAL COMPACT Syllabus: GS-3: ● India and Foreign Relations ● Digital Internationalization. Why in the News? On May 25th, Africa Day was celebrated, marking the founding of the Organisation of African Unity. It highlighted the continent’s digital ambitions and emphasized the importance of India’s growing role in co-creating affordable and inclusive …
Read MoreIndia’s Nuclear Expansion: Forest Panel to Review New 2,800 MWe Plant in Rajasthan Why in News: The Nuclear Power Corporation of India Limited (NPCIL) has moved a proposal for setting up a new nuclear power plant in India, specifically a 2,800 MWe capacity nuclear power project in Rajasthan’s Banswara district. This NPCIL proposal is part …
Read MoreTrump’s Big Beautiful Bill Raises Fiscal Concerns Syllabus: GS-3: Government Budgeting Focus: The One Big Beautiful Bill Act of 2025 (OBBBA), passed by the US House of Representatives, is a major legislative initiative by President Donald Trump. Combining tax cuts, spending hikes, and a raised debt ceiling, it now awaits Senate approval, amid economic and …
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