If aspirants preparing for UPSC Civil Services Exam are confused about one particular subject, that is Indian Economy! Candidates are doubtful about the approach and study-materials for Economics section of IAS Prelims and Mains. They keep on asking about the single, all-in-one-book to cover … [Read more...] about How To Prepare Economy for Civil Services Exam?
Economics Notes
12th Five Year Plan 2012-17 Targets
12th Five Year Plan 2012-17 as per the draft document released by the Planning Commission aims at a growth rate of 8%. This is the revised rate when compared to the initial approach paper. Other targets of the Twelfth Five Year Plan in different sectors are listed below. Vision of 12th Five Year … [Read more...] about 12th Five Year Plan 2012-17 Targets
Indian Railway Budget 2013-14 Highlights
Railway Minister Pawan Kumar Bansal has announced the Union Railway Budget for 2013-14 in Parliament. Here are the highlights of Indian Railway Budget 2013-14 : Gross Traffic Receipts of Indian Railways (Estimate) Passenger Receipts from Upper Class - Rs.10,105 Crore Passenger Receipts from … [Read more...] about Indian Railway Budget 2013-14 Highlights
Union Budget 2013-14 Summary
Union Budget 2013-14 Summary is given below. Finance minister P. Chidambaram presented a budget of 16.6 lakh crore ( L C) this year, which is the biggest budget presented so far. Total Income (Receipts) = 16.6 L C [To be met by deficit financing (borrowing)] Total Expenditure = 16.6 L … [Read more...] about Union Budget 2013-14 Summary
Economic Survey 2012-13 Summary
Economic Survey is the compilation prepared Ministry of Finance, Government of India. It is submitted in the parliament just before the Union Budget. A proper understanding of this annual document is essential for many exams - particularly UPSC Prelims and Mains. Learn more about economic survey … [Read more...] about Economic Survey 2012-13 Summary
Basic Concepts of Economics In Simple Language
Economics is a tough nut to crack for many - GDP, GNP, NDP, NNP, Repo, Reverse Repo, SLR, CLR, CRAR - there are many concepts to be understood. But if the concepts are properly understood economics is fun. ClearIAS.com is trying to provide an overview of the basic concepts of Economics in a … [Read more...] about Basic Concepts of Economics In Simple Language
Committees and Commissions in India
Listing below the important Committees and Commissions in India. Reports of these committees are important in Indian Economy as well as Indian Polity. Commission Name Area of Study Recommendations/ findings (if important) Sarkaria Commission Centre-State relations Recommended that … [Read more...] about Committees and Commissions in India
Fiscal Deficit and Current Account Deficit: The Twin Deficits
What is fiscal deficit and how can it be arrested? What is twin deficit problem and how can it be arrested? What is twin deficit problem and what are its impacts? Read further to know more. Fiscal Deficit, Fiscal Consolidation and Current Account Deficit are terms that we hear often from the … [Read more...] about Fiscal Deficit and Current Account Deficit: The Twin Deficits
REPO and CRR Rate Cuts – What Should You Understand?
What is Repo rate? What is CRR rate? why should CRR be varied by the RBI? Read further to know more. Reserve Bank of India may increase or decrease rates like REPO, Reverse REPO and CRR, etc. What is the REPO rate? REPO denotes Re Purchase Option - the rate by which RBI gives loans to other … [Read more...] about REPO and CRR Rate Cuts – What Should You Understand?
