WHAT ARE THE PRINCIPLES OF BUDGET? Periodicity- Appropriation should be authorized for a definite period of time Publicity- All stages of budget executive recommendation, legislative consideration and budget execution should be made public Accuracy- Budget estimates should be as accurate as possible Clarity- The budget should be understandable to every citizen Comprehensiveness- The budget should… Continue reading Principles and Objectives of budget
Category: ECONOMY-2
Introduction and concept of Budget
Introduction: Finance is the life blood of a country. It works as the fuel to the engine of governance. No government can function without finance. The greater the finance available the more is the government activities and budget is the tool to make the finance available for various sectors of the economy. Concept of Budget:… Continue reading Introduction and concept of Budget
Impact of demand deposit withdrawal on aggregate money supply
The money supply is a measure of the total amount of monetary assets within an economy at any given time. The withdrawal of money from Demand Deposit Account does not change the aggregate money supply as the amount withdrawn remains in circulation. The only factor that changes is that the status of money has changed from ‘Demand Deposits with the Banking System’ to ‘Currency… Continue reading Impact of demand deposit withdrawal on aggregate money supply
Short term borrowings during Global Financial Crisis (GFC) are not good
Foreign borrowings include the money borrowed by a government or private corporations from another country’s government, global institutions or private lenders. Short term borrowing can put undue pressure on the balance of payments of a country at a time when the global financial crisis (GFC) has already hit the forex reserve income. Therefore, a lower or nil short-term foreign debt is advantageous in times of… Continue reading Short term borrowings during Global Financial Crisis (GFC) are not good
[Eco – 103] Part 2/3 – Inflation – Understanding WPI/CPI/PPI and more.
Do you want to clarify WPI, CPI and what not. Check out the article to do so !
[Eco-102] Inflation – Concepts-Related Terms-Deflation-Stagflation-Trends-Inflation Targeting and more
Confused about inflation and its effect ? type? and so on? Fret not, read our article.
[Eco 101] Basics of India’s National Income – GDP, GNP, NNP, GVA, etc – Explained
Having difficulty in understanding concepts like GDP, GVA, constant price, current price and so on? Look no further , we have just the write up for you.
[Prelims 2020] [Part 1/4] List of Indices and Reports: Economy related – Ease of doing Business, World Economic outlook and more.
Dear Students, UPSC has time and again asked questions on reports and indices released by important international and national organizations in Prelims examination. In this post, we will discuss important Economy-related reports and indices released by international organizations since the 2018-19. [read more] This is the 1st part of a 4-series of posts on Important… Continue reading [Prelims 2020] [Part 1/4] List of Indices and Reports: Economy related – Ease of doing Business, World Economic outlook and more.
[Prelims 2020][Difference] ASHA, Anganwadi Worker (AWW) and Auxiliary Nurse Midwife (ANM)
There are three different cadres of community health workers in India: Accredited Social Health Activist (ASHA), Anganwadi Worker (AWW) and, Auxiliary Nurse Midwife (ANM). These community health workers play a pivotal role in the promotion of reproductive health services and family planning, antenatal care during pregnancy, skilled care for childbirth, immunization etc. Accredited Social Health… Continue reading [Prelims 2020][Difference] ASHA, Anganwadi Worker (AWW) and Auxiliary Nurse Midwife (ANM)
India must join WTO members in e-commerce talks
India must join WTO members in e-commerce talks economy News A group of 75 countries has launched negotiations on the trade-related aspects of e-commerce at the WTO Important Facts The announcement of the plan to start the e-commerce negotiations was made at the on-going World Economic Forum (WEF) meet in Davos. Developing countries such as… Continue reading India must join WTO members in e-commerce talks
