Tnpsc and Upsc Notes Pdf
ASEAN ASEAN is a regional grouping that promotes economic, political, and security cooperation among its ten members: It was established in 1967 on August 8 by five countries Indonesia, Malaysia, Philippines, Singapore, and Thailand. It was formed to create a common front against the spread of communism and promote political, and economic stability amid rising … Read more
Origin of Saarc The SAARC or South Asian Association for Regional Co-operation is an organization of South Asian Nations established on Dec 8, 1985. It is established for the promotion of economic and social progress, cultural development within its members. The members are India, Bangladesh, Bhutan, Maldives, Nepal, Pakistan, and Sri Lanka. In April 2007, … Read more
International monetary fund’s Role and functions The aim of the IMF(International Monetary Fund) is to promote economic and financial cooperation between its members. It is established to assist its member nation over the BOP(Balance of Payments) disequilibrium in a short time. It has a currency of 189 members and the Republic of Nauru joined in … Read more
Foreign Direct Investment Meaning Foreign direct investment (FDI) is a type of controlling ownership in a business entity in another country. It is differentiated from the Foreign Portfolio Investment by the notion of direct control. FDI is an investment that is either inorganically by buying a company in a foreign country or expanding the operation … Read more
Achievements of IBRD IBRD is the Previous version of the present World Bank. IBRD full form is International Banks for Reconstruction and Development and it is the largest source of funding for developing countries globally. In Bretton Woods Conference, July 22 1944, the term world bank was used in an economist article. The object of … Read more
Finance Commission of India is a quasi judicial body established to define the fiscal relationship between the state and the centre.
Fiscal Policy is very popular among modern-day governments as we use it as an instrument of macroeconomic policy. Fiscal policy has its importance because of the Great Depression and the introduction of ‘New Economics’ by Keynes. What is Fiscal Policy? Fiscal policy definition Fiscal Policy is nothing but changes in government expenditure and taxes to … Read more
Fiscal policy is a critical component of economic management in India, serving as a powerful tool for achieving macroeconomic objectives. For UPSC aspirants, understanding the nuances of fiscal policy is essential to comprehending India’s economic strategy. Definition and Fundamental Concept Fiscal policy refers to the government’s use of taxation, public expenditure, and borrowing to influence … Read more
sustainable development goals is aimed at improving the living quality keeping nature in mind is the single minded goal of all nation and world bodies.
RBI ( Reserve Bank of India) It was set up in 1935 by virtue of the RBI act, 1934. It was set up as a private bank but was nationalized on January 1, 1949. The Banking Regulation Act was also passed in 1949. RBI acts as a government bank for both central and state governments. … Read more