Economics Notes

How well is the Indian Economy doing in the last 3-4 years? Economic Survey - the flagship annual document of the Ministry of Finance, Government of India - points out that we should worry about the Twin Balance Sheet Problem, now widely known as TBS problem. First of all, what is a balance … [Read more...] about The Twin Balance Sheet Problem (TBS): How can Indian Economy Avoid a Crisis?

Goods and Services Tax (GST) is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout India. GST would replace respective taxes levied by the central and state governments. What is GST? It is a destination-based taxation system. It has … [Read more...] about Goods and Services Tax (GST): Everything You Need to Know Including Issues Unresolved

What are MSMEs? What is the new definition of Micro, Small, and Medium Entreprises? 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 … [Read more...] about Micro, Small and Medium Enterprises (MSME): The Importance in Indian Economy

When the borrower stops paying interest or principal on a loan, the lender will lose money. Such a loan is known as Non-Performing Asset (NPA). Indian Banking industry is seriously affected by Non-Performing Assets. In the best interest of our readers, we have come up with a comprehensive post on … [Read more...] about Non-Performing Assets (NPA): How serious is India’s bad loan problem?

A village named Neduvasal in the Pudukkottai district in Tamil Nadu has recently been in the news headlines. The reason is the launch of a hydrocarbon project. In this post, we cover everything you need to know about the Neduvasal Hydrocarbon Project controversy and policies like the Discovered … [Read more...] about Neduvasal Hydrocarbon Project Controversy: Everything you need to know

Economic Survey for the year 2016-17 has an entire chapter dedicated to the discussion on Universal Basic Income (UBI). In this article let us try to understand the concept of Universal Basic Income, why it is needed, what are the challenges in its implementation and other related issues. What is … [Read more...] about Universal Basic Income (UBI): Everything you need to know

Not everyone knows Indian Economy well. Not even economists! But thanks to the Economic Survey, many interesting facts about Indian Economy have been brought to light. There are interesting facts and statistics that can give you valuable insights about the potential of India. 1. India has only 7 … [Read more...] about 8 Interesting Facts about Indian Economy from the 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 … [Read more...] about What is Economic Survey?

Non-Governmental Organizations (NGOs) are part of the development processes of our country. They are recently in news for various reasons. Hence UPSC has added the role of NGOs, SHGs, various groups and associations, donors, charities, institutional and other stakeholders in UPSC CSE Syllabus for GS … [Read more...] about Non-Governmental Organizations (NGOs) and Recent Issues