Author: ForumIAS

Aspects of vaccine distribution

Context: Aspects of vaccine distribution. Background The World Health Organisation (WHO) declared the COVID-19 a pandemic in march 2020 and the most optimistic prediction for a vaccine to be available was by the middle of 2021. Now, the labs around the world are working faster than anticipated and the first vials of a vaccine are likely… Continue reading Aspects of vaccine distribution

Ayurveda and patient safety

Context: Efficacy of Ayurveda to incorporate surgical techniques. What are the requirements for conducting a successful surgery? Apprenticeship is the key: Surgery in the present era is an interdisciplinary effort. This is one branch of medicine where knowledge can only be acquired through apprenticeship that is, the learner needs to be guided by an expert A well-trained… Continue reading Ayurveda and patient safety

Personal Disposable Income

Personal Disposable Income refers to the income that is available to the households that they can spent as they wish.   All the Personal Income is not available to individuals to spend. They have to pay taxes (e.g. – Income tax) and non-tax payment such as fines.  The formula for Personal Disposable Income is   Personal Disposable Income (PDI) ≡ PI… Continue reading Personal Disposable Income

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Personal Income

Personal Income is the part of National Income which is received by the households.  The formula for calculating Personal Income (PI) is  Personal income (PI) ≡ National Income – Undistributed profits(profits utilised by manufacturers for further production) – Net interest  payments made by households – Corporate tax + Transfer payments to the households from the government… Continue reading Personal Income

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National Income (Net National Income at Factor Cost)

National Income  The Net National Product at factor cost is known as National Income (as mentioned in the class XI NCERT)  NNP (@Factor Cost) = National Income = NNP (@Market Price) – Taxes + Subsidies  Note:   However, the Central Statistics Office (CSO) under the Ministry of Statistics and Program Implementation defines National Income of India as Net… Continue reading National Income (Net National Income at Factor Cost)

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Net National Product (NNP)

What is Depreciation?  Factors of production under go wear and tear. This wear and tear is called Depreciation.  For Ex : Consider a water bottle manufacturer who has a bottle-cap manufacturing machine. By producing water bottle cap all over the year the machine may face any failure due to repairs and the manufacturer might service the machine and changed the repaired part. This is called wear and tear.   A… Continue reading Net National Product (NNP)

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Gross National Product (GNP)

GNP is another measure for National Income of the country.  Indian economy is not closed economy but an open economy. India has transactions with the rest of the world in the form of exports, imports loans etc. This give rise to the concept of national or domestic Income.  In case of GDP, we calculate the… Continue reading Gross National Product (GNP)

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9 PM Daily Brief – November 30, 2020

Good evening dear reader Here is our 9pm current affairs brief for you today GS 2 Biden’s nominations for key national security posts GS 3 Paris Agreement goals are not enough Farmers Agitation Vaccination policy 9 PM for Preliminary examination FACTLY Biden’s nominations for key national security posts Source: The Hindu Gs2: Effect of Policies… Continue reading 9 PM Daily Brief – November 30, 2020

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