Current Affairs Notes

India and WTO are important topics for the Civil Services Exam, especially UPSC Mains. In 2013, there was a question for mains - "Food security bill is expected to eliminate hunger and malnutrition in India. Critically discuss various apprehensions in its effective implementation along with the … [Read more...] about WTO, Trade Facilitation Agreement and Indian Stand

If we count the population employed, India is largely an agrarian country. Nearly 50 percent of Indian population depends on agriculture and allied activities for livelihood. But if contribution to GDP is taken as the parameter, India is predominantly a service economy, and the service sector has … [Read more...] about Make In India Initiative

The Central Plan amount is shrinking while Central Assistance is increasing - the 2014-15 budget paper analysis points to this fact. While the total plan expenditure has slightly increased this year (2014-15), the share for Central Plan is on a decrease while Central Assistance to state plans has … [Read more...] about The Shrinking Central Plan and Growing Central Assistance

Many experts feel that there are no significant differences in the economic policies between UPA and NDA. There may be ideological differences, but not in economic policies. Both Congress and BJP now favor a free market economy. The recent Union Budget for the year 2014-15 by Finance Minister Arun … [Read more...] about UPA’s Interim Budget 2014-15 vs NDA’s Union Budget 2014-15

Indian Finance Minister Arun Jaitley presented the Union Budget 2014-15 today. Having covered the Economic Survey 2013-14 in our last post, in this post let us see the highlights of the first budget of Narendra Modi's government. We shall compare in our next post, the Union Budget of India 2014 … [Read more...] about Union Budget of India 2014-15 Highlights and Analysis

Economic Survey 2013-14 is a flagship annual document of the Ministry of Finance, Government of India, and is usually presented in the Parliament day before the budget is presented. Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarizes the performance … [Read more...] about Economic Survey 2013-14 Summary

A clear understanding of the Indian Economy can help you in more than one way. As almost every problem has an economic angle, knowledge of the performance of various sectors of the Indian Economy allows you to see things from a wider perspective. Having posted many articles on economics, covering … [Read more...] about Indian Economy Overview: Primary, Secondary and Tertiary Sectors