INDIAN ECONOMY FOR UPSC/APSC EXAM Part A7: Economic Development of India since Independence
FIRST PHASE For ensuring well-being and economic development, Indian Parliament in 1954 accepted ‘the socialist pattern of society and projected a “mixed economy” where the public and the private sectors were not only to co-exist but to be complementary to each other. The broad agenda was: Focus on self-reliance. Rapid industrialization based on import-substitution including … [Read more...]
Indian Economy for UPSC/APSC exam Part A3: FISCAL POLICY
GOVERNMENT DEFICIT A deficit can be defined as a value by which the total amount falls short of a reference amount. In terms of economics, a deficit is an excess expenditure made by a body apart from the revenue in a reference period. (1) REVENUE DEFICIT: Revenue Receipt - Revenue Exp. It signifies if the day to day expenditure of the govt. can be met by its day to day … [Read more...]
New Year’s Day in Different Regions of India
As per Christian tradition, 1 January celebrated as New Year. Though India celebrate New Year followed by both solar and lunar calendars system, Most of these new year festivals are celebrated based on Hindu calendar, that’s follow movement of the moon. Culturally rich India has it’s own way to celebrate New Year’s day in different times of the year at different places. Every … [Read more...]
