India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
FREEBIES’ VS WELFARE SPENDING: SUPREME COURT’S VIEW Why in the News? Judicial Distinction: The Supreme Court clearly differentiated between irrational freebies and legitimate welfare investment aimed at marginalised sections of society. Chief Justice Remarks: Chief Justice Surya Kant emphasised that indiscriminate distribution of state largesse cannot be equated with constitutionally mandated welfare spending. Petition Listing: …
Read MoreIndia’s Growth Paradox and Shrinking Fiscal Policy Space Syllabus: GS-3: Fiscal Policy, Government Policies & Interventions, Monetary Policy, Mobilization of Resources, Inclusive Growth Why in the News? The First Advance Estimates of GDP (January 2026) show India growing at 7.4% in real terms, but nominal GDP growth slowing to 8%, the lowest since 2002–03. This …
Read MoreUnion Budget Must Restore Private Investment Confidence Syllabus: GS-2: Government Policies & Interventions GS-3: Growth & Development Why in the News? Private corporate investment in India remains subdued despite strong macroeconomic indicators and healthy balance sheets. With fresh private capex intentions falling to ₹4.89 trillion for 2025–26, expectations from the Union Budget have intensified to …
Read MoreUnderstand 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 MoreUnderstand the main features of GST implementation, including concurrent taxation, input tax credit, compensation to states, GST Council, and destination-based taxation. Essential for GS Paper 3, this topic covers India’s biggest indirect tax reform and its economic impact.
Read MoreThis infographic illustrates the key causes of market failures such as public goods, externalities, asymmetric information, and monopoly power, explaining how markets can fail to allocate resources efficiently. This topic belongs to GS Paper 3 (Economy) under the subject Indian Economy & Market Structures.
Read MoreThis image summarizes the emergence, agents, policies, and concepts of macroeconomics, emphasizing government intervention and the role of aggregates in economic stability and growth.
Read MoreTrump-Aligned Republicans Push Sweeping New Tax Plan Why in the News? Republicans in the US House have unveiled a massive new tax bill, closely aligned with Donald Trump’s economic vision, featuring $5 trillion in tax cuts, MAGA savings accounts, and changes to Medicaid and green energy policies. Key Features of the Tax Bill: The bill …
Read MoreU.S. Budget Deficit Concerns Replace Tariff Worries Why in News ? Amid easing tariff tensions, the U.S. is witnessing renewed anxiety over its soaring fiscal deficit and debt burden, with projections showing rising deficits and strained revenue, triggering debates around tax cuts, spending reductions, and a looming debt ceiling crisis. Rising Fiscal Deficit and Debt …
Read MoreWhy in the news? India’s public debt is nearly 82% of GDP, but it remains sustainable due to the country’s high growth rate and the higher share of local-currency debt. The high debt levels are manageable because of the higher real or nominal GDP and the predominance of rupee-denominated debt. Debt Levels Data: States hold …
Read More
