All the major topics of economy are covered here.
WIPO, TRIPS, and IPR What is IPR? IPR refers to the creations of minds such as inventions, literary and artistic work, designs and symbols, names, and images in commerce. Rights on IPR means providing property rights through patents, copyrights, and trademarks. The importance of IPR was first recognized in the Both are administered by the […]
What is IPR? WIPO| TRIPS Read More »
Demographic Dividend means, “the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population (15 to 64) is larger than the non-working-age share of the population (14 and younger, and 65 and older)”.
Demographic Dividend and its impact on Economic Growth Read More »
What is Tight Monetary Policy? Tight Monetary Policy also known as contractionary monetary policy is focused on contracting (decreasing) the money supply in an economy. A contractionary monetary policy is implemented by increasing key interest rates thus reducing market liquidity (money supply). Low market liquidity usually negatively affects production and consumption. This may also have a negative
List of Important Curves In Economics : Lorenz Curve Lorenz Curve is a graphical distribution of wealth. It shows the proportion of income earned by any given percentage of the population. It was developed by Max Lorenz in 1905. The cumulative percentage of income is measured on the Y axis and the cumulative percentage of
Indian Budget The Constitution refers to the budget as the ‘annual financial statement’. In other words, the term ‘budget’ has nowhere been used in the Constitution. It is the popular name for the ‘annual financial statement’ that has been dealt with in Article 112 of the Constitution. The budget is a statement of the estimated
Budget | Important Concepts Read More »
Land tenure refers to the possession or holding (tenere=to hold, Latin) of the many rights and responsibilities associated with a parcel of land.
Land tenure systems in India | Important Land Reforms Read More »
INDIA and the United Arab Emirates (UAE) on 18 Feb, 2022 has signed a Free Trade Agreement (CEPA), which is set to reduce tariffs for 80 per cent of goods and give zero duty access to 90 per cent of India’s exports to the UAE.
12 Free Trade Agreements Signed by India| CEPA| CECA Read More »
Know about Rating Agencies A rating agency is a company that assesses the financial strength of companies and government entities, especially their ability to meet principal and interest payments on their debts. The rating assigned to a given debt shows an agency’s level of confidence that the borrower will honor its debt obligations as agreed. Their
Rating Agencies | Standard & Poor | Moody | Fitch Read More »
FDI or Foreign Direct Investment is an investment that a parent company makes in a foreign country. On the contrary, FII or Foreign Institutional Investor is an investment made by an investor in the markets of a foreign nation.
FDI and FII| Top 10 Important Difference Read More »
About Planning Commission The Planning Commission was set up by a Resolution of the Government of India in March 1950. Prime minister was the ex officio chairman of the planning commission assisted by a deputy chairman. It included 6 union cabinet ministers as its ex officio members. There was also a member secretary. The planning commission
Planning Commission to NITI Aayog| Important Points Read More »
