Income Tax Act, 1961 vs Income Tax Act, 2025 - UPSC notes
C omparative table for Income Tax Act, 1961 vs Income Tax Act, 2025 for quick revision Read: New Income Tax Act 2025 - Economy UPSC Notes Aspe…
Economy-UPSC notes
New Income Tax Act 2025 - Economy UPSC Notes
Understanding the New Income Tax Act, 2025 The Income Tax Act, 2025 is a brand-new law that will replace the old Income-Tax Act of 1961. The main g…
What is Estate Duty / Inheritance Tax? UPSC notes
What is Estate Duty / Inheritance Tax? Estate duty (or inheritance tax ) is a tax levied on the property, money, or assets that a person leaves …
Laffer Curve – Economy UPSC Notes
✅ Laffer Curve – Complete UPSC Notes ➤ Definition The Laffer Curve is an economic theory that shows the relationship between the tax rate (%) an…
What is Sen Poverty Index (SPI) | UPSC Economy notes
Sen Poverty Index (SPI) Step 1: The problem with normal poverty measures Headcount Ratio (HCR): tells us how many people are poor. 👉 Example…
What is Inelastic Demand (0 < PED < 1) | UPSC Economy Notes
Inelastic Demand (0 < PED < 1): ✅ Definition: "Inelastic demand" means people do not reduce their buying by much even if the pr…
What is the Committee on Public Undertakings (CPU)? UPSC Notes
🏛️ What is the Committee on Public Undertakings? It’s a parliamentary committee that keeps a watch on government companies — like a watchdog ove…
What are Externalities? Types, Examples - UPSC Notes
🔹 What are Externalities? An externality is a side effect of an activity that affects someone else who is not directly involved in it. If it …
Price Floor and Price Ceiling - Economy UPSC notes
Price Floor and Price Ceiling 🏷️ 1. Price Floor (Minimum Price) ✅ Meaning: A price floor is the lowest legal price that can be charged for a …
Short-Run & Long-Run Macroeconomic Equilibrium | UPSC Notes
Short-Run Macroeconomic Equilibrium & & Long-Run Macroeconomic Equilibrium 🌍 What is Short-Run Macroeconomic Equilibrium? It is a situat…
What is Opportunity Cost? definition, example PPC curve
Opportunity cost is a very important concept in economics and UPSC. Let me explain it in the easiest way using a simple definition , example , and …
Productive Efficiency & Allocative Efficiency - Economy UPSC Notes
🌟 1. Productive Efficiency Meaning: Productive efficiency happens when a company or economy produces goods using the least amount of resources (…
Difference between CRR and SLR
Difference between CRR and SLR - UPSC Notes Difference between CRR and SLR (Easy Explanation for UPSC) Point of Differen…
Digitization of Land Records – Indian Economy UPSC Notes
Digitization of Land Records What is it? The Government of India is encouraging states to digitize land records . States like Karnataka, Ra…
Land Pooling Policy – Indian Economy UPSC Notes
What is Land Pooling? Land Pooling is a smart method where multiple small landowners voluntarily give their land to a Land Pooling Agency (like D…
Model Agricultural Land Leasing Act, 2016 – Indian Economy UPSC Notes
Model Agricultural Land Leasing Act, 2016 : 🌾 Background – Why this Act was Needed After independence, India wanted to end the zamindari system …
🏛️ Land Acquisition Act, 2013 – Indian Economy UPSC Notes
🏛️ Land Acquisition Act, 2013 (Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013) 🧭 Ba…
🌾 Major Land Reforms in India After Independence - Impacts
🌾 Major Land Reforms in India After Independence – Simplified Summary with Examples After independence, India introduced key land reforms to remov…
Specific Tax and Ad-Valorem Tax – Indian Economy UPSC Notes
✅ 1. Specific Tax 📌 Meaning: A fixed amount of tax is charged per unit of a good or service. Tax amount does not depend on the price of t…
Budget classification based on themes
1. Zero-Based Budget (ZBB) ✅ Meaning: Budget starts from zero . No connection with last year’s expenses. Every activity or expense is rev…