India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
From the Bank of Hindustan (1770) to liberalization in 1991, and from the first life insurance company (1818) to the creation of IRDAI (1999), India’s banking and insurance sectors have evolved through nationalization, reforms, and globalization.
Read MoreWhy in the News ? Trump’s high tariffs on Chinese imports are being compared to major past US policy shifts—the Nixon Shock and Volcker Shock—for their transformative impact on the global economy, trade balances, and monetary system, reigniting debates on protectionism and global trade. The Nixon Shock (1971): Collapse of Bretton Woods Post-WWII era (1949–1969) …
Read MoreWhy in the News ? The Indian government has scrapped the equalisation levy on digital ads, easing taxation on global tech firms like Google and Meta. The move aligns with U.S. trade negotiations, amid pressure to reduce tariffs before the April 2 deadline. Equalisation Levy and Its Impact: Introduced in 2016, the equalisation levy imposed …
Read MoreIntroduction Inclusive growth is a concept that emphasizes fair distribution of resources, ensuring that all segments of society benefit. The World Bank views it as a balance between the rate and structure of growth, while the UNDP sees it as a process where everyone participates and gains equally. The OECD defines it as economic growth …
Read MoreEmployment Full Employment: This concept signifies a scenario where every individual capable and willing to work finds employment at the prevailing wages. Essentially, it denotes a situation devoid of involuntary unemployment, aligning with John Maynard Keynes’s perspective that full employment is achieved when no one is involuntarily out of work. Significance of Full Employment: Attaining …
Read More
