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Economics Notes

Privatisation of Air India – Should India’s Public Sector Airline be Disinvested?

NITI Aayog recommended for privatisation of Air India and the cabinet committee gave “in-principle” approval for privatising Air India. But should Air India be disinvested? In this post, we discuss Indian aviation sector, Air India-Indian Airlines merger, and will see if the reasons for privatisation can be justified or not. Background …

Inter-State River Water Disputes in India: Is it time for a new mechanism rather than tribunals?

The Inter-State River Water Disputes are one of the most contiguous issues in the Indian federalism today. In the extreme cases, it may hamper the relationship between the different states. The recent cases of the Cauvery Water Dispute and the Satluj Yamuna Link Canal case are examples. Various Inter-State Water Disputes …

Micro, Small and Medium Enterprises (MSME): The Importance in Indian Economy

For a country to grow, the government should actively promote business enterprises. Among business enterprises, the Micro, Small and Medium Enterprises (MSME) deserve special attention. Though MSMEs are small investment enterprises, but their contribution to the Indian economy is very significant. What are MSMEs? Micro, Small and Medium Enterprises Development …

What is Economic Survey?

Economic Survey contains the most authoritative and updated source of data on India’s economy. It is usually presented a day before the Union Budget is presented in the Parliament. In this post, we bring answers to the most repeated queries about Economic Survey. What is Economic Survey? Economic Survey is …

Public Distribution System (PDS): Challenges and Reforms

We all need foodgrains for consumption. From where do you purchase foodgrains?  Is there any government mechanism apart from private shops for the delivery of food grains? In this post, let us cover the Public Distribution System (PDS) in India. The Public Distribution System (PDS) The Public Distribution System (PDS) …

Balance of Payments: Accounting Concepts of Foreign Trade

The balance of Payments (BoP) and Balance of Trade (BoT) are two confusing concepts for even economics graduates. These terms are connected with international trade accounting. In this post, we provide a mind-map approach to study Balance of Payments. We hope the same would help in quick understanding and revision. What is …