Know the recommendations of the 15th Finance Commission. The Finance Commission (FC) is constituted by the President of India every fifth year under Article 280 of the Constitution. The Fifteenth Finance Commission (XV-FC) was constituted in November 2017 to give recommendations for vertical … [Read more...] about 15th Finance Commission: Recommendations
Economics Notes
100 Important MCQs from Economic Survey and Budget 2020
Ebook (PDF) Available: Learn 100 Important MCQs from Economic Survey and Budget 2020. Download the ebook (PDF) from ClearIAS Store. Download 100 Important MCQs from ES and Budget 2020 Economic Survey and Indian Budget are very important for aspirants preparing for UPSC Exams. This ebook (PDF) … [Read more...] about 100 Important MCQs from Economic Survey and Budget 2020
Yes Bank Crisis and Reconstruction: Explained
What is YES Bank Crisis? Is the YES bank crisis over? Is the depositors' money in the YES Bank safe? What is the reconstruction scheme of YES Bank proposed by RBI? Read this post to understand the YES Bank story in detail. Banks play a pivotal role in the economic growth of the country. Failure … [Read more...] about Yes Bank Crisis and Reconstruction: Explained
Government Budgeting in India – The Process and Constitutional Requirements
What is the process of government budgeting in India? What are the constitutional requirements regarding the annual financial statement? Read further to know more. How knowledgeable are you regarding the government budgeting process of India? In this post, we explain the basics of Indian … [Read more...] about Government Budgeting in India – The Process and Constitutional Requirements
FRBM Act – Guidelines, Targets, and Escape Clause
The FRBM Act was passed by the Parliament of India in 2003 to reduce Fiscal Deficit. Every time when the Union Budget of India is presented, the term FRBM is seen in the news. You may see headlines like ‘FRBM targets are missed’ or ‘FRBM targets are met’. What exactly is FRBM? What is the … [Read more...] about FRBM Act – Guidelines, Targets, and Escape Clause
Budget 2020 – Explainer in layman’s terms
Nirmala Sitharaman, Minister of Finance, presented the Indian Budget 2020 on February 1, 2020. In this article, we shall help you not only understand the key points of the Union Budget 2020 but also understand the key concepts like Fiscal Deficit, Primary Deficit etc. Budget 2020 provides the … [Read more...] about Budget 2020 – Explainer in layman’s terms
Economic Survey 2019-2020 Summary: 10 Key points which you should not miss!
Finance Minister Nirmala Sitharaman tabled the Economic Survey 2019-2020 in both houses of Parliament. The Economic Survey (ES) is the flagship annual document of the Ministry of Finance which gives a detailed account of the various sectors of the economy. The survey not only provides … [Read more...] about Economic Survey 2019-2020 Summary: 10 Key points which you should not miss!
National Infrastructure Pipeline (NIP) – Can this mega-push revive the Indian economy?
What is National Infrastructure Pipeline? What are its major expenditure areas? Read further to know more. National Infrastructure Pipeline (NIP) is the Government of India's roadmap to make India a 5 trillion dollar economy by 2024-25 by spending 100 lakh crore in infrastructure … [Read more...] about National Infrastructure Pipeline (NIP) – Can this mega-push revive the Indian economy?
Education in India – A Detailed Analysis
What is the current status of education in India? What steps are needed to take the Indian Education system to the next level? This article is a detailed analysis of the Education System of India. The post covers various aspects of the problems faced by the Indian Education sector, the … [Read more...] about Education in India – A Detailed Analysis
Human Capital – What India needs to reap the Demographic Dividend
What is Human capital? How is it different from physical capital? How to increase human capital? Read further to know more. Human capital, unlike physical capital, is intangible. You all may have heard of the term 'capital' in economics. Adam Smith defines capital as "That part of man's stock … [Read more...] about Human Capital – What India needs to reap the Demographic Dividend
