Economy

RMSA has following objectives:- Join Our Telegram Channel To ensure that all secondary schools have physical facilities, staffs and supplies at least according to the prescribed standards through financial support in case of Government/ Local Body and Government aided schools, and appropriate regulatory mechanism in the case of other schools. To improve access to secondary … Read more

Tax incidence:  Tax incidence is the entity on whom tax is imposed. It is the distribution of the overall tax burden between sellers and buyers in an economy.     Tax burden:       It is the total amount of tax paid by a particular group of people, an industry etc especially as compared to what other … Read more

Unbalanced regional growth is the major reason for non transmission of positive effects of growth period. This anomaly leads to poor development of some states. The condition of them being poor necessitated more borrowings and aids and low revenue capacity make them incapable of fuelling investment in employment generated events. This lead to high debts … Read more

To overcome the economic impact of coronavirus-induced lockdown on the poor, Prime Minister Narendra Modi, soon after the imposition of lockdown on March 24, announced a relief of Rs 1.70 lakh crore under the Pradhan Mantri Garib Kalyan Yojana. Join Our Telegram Channel salient features of the scheme — Subscribe on YouTube                Insurance cover … Read more

Effects: Join Our Telegram Channel Negative: All major industries getting affected such as Hospitality, tourism, Aviation will be directly impacted because of low demand. Gig economy affected mostly and it will lead to loss of Jobs and unemployment rate will increase. Export Industries will show loss in the forthcoming period due to reduction in the … Read more

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is … Read more

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Protectionist policies help immune the producers, businesses, and workers of the import-competing sector in the country from foreign competitors. Subscribe on YouTube   Impact on India   … Read more

The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year. This ratio helps show the extent to which the increase in … Read more

USA is a knowledge based economy which is growing at a sustained rate. This type of economy adds more value to its available resources and hence ensure better growth. Join Our Telegram Channel   Subscribe on YouTube The major concern with India in realising the potential of knowledge base economy are:   Lack of adequate … Read more

India’s imports comprises of essentials such as crude petroleum, machineries and  fertilizers which become expensive raising their prices facilitating ‘import’ of inflation.  India is very susceptible to a stubborn and sticky inflation. It hurts the masses in terms of  across the board higher prices. Join Our Telegram Channel All imports become expensive including raw materials, … Read more