GS Notes

Economy Basic Concepts Part 3 – National Income and related aggregates

The concept of National Income and related aggregates Gross vs. Net Net Value = Gross – Depreciation (consumption of fixed capital) Depreciation – Reduction in the value of capital goods due to wear and tear lapse of time Net National Product (NNP) = Gross National Product (GNP) – Depreciation  National vs. Domestic National = Domestic …

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Indian Economy Part 8 – LIBERALISATION, PRIVATISATION AND GLOBALISATION

Tax Reforms Tax reforms are concerned with the reforms in government’s taxation and public expenditure policies which are collectively known as its fiscal policy. There are two types of taxes: direct and indirect Since 1991, there has been a continuous reduction in the taxes on individual incomes as it was felt that high rates of …

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Indian Economy Part – 7 LIBERALISATION, PRIVATISATION AND GLOBALISATION

LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL Introduction and Background Since independence, India followed the mixed economy framework by combining the advantages of the market economic system with those of the planned economic system. Over the years, this policy resulted in the establishment of a variety of rules and laws which were aimed at controlling and …

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Medieval Indian History

Medieval period Lies between the 8th and the 18th century A.D The Early Medieval period (8th-12th-century A.D.) Later Medieval period (12th-18th century) Rajputs who belonged to the early medieval period The Rajput Period (647A.D- 1200 A.D.) The Ancient Indian history came to an end with the rule of Harsha and Pulakesin II From the death of Harsha …

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