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Difference in Calculating National Income: Before 2015 vs. After 2015

Difference in Calculating National Income: Before 2015 vs. After 2015 The method of calculating National Income in India underwent significant chang…

Various Methods or Approaches to Calculate National Income – Indian Economy UPSC Notes

Various Methods or Approaches to Calculate National Income National income is the total monetary value of all final goods and services produced wi…

Market Price Formula: Before 2015 and After 2015 – Indian Economy UPSC Notes

Market Price Formula: Before 2015 and After 2015 The formula for calculating Market Price in India saw a shift in terminology and approach after 20…

Product Tax & Product Subsidy - Indian Economy UPSC Notes

Product Tax & Product Subsidy Product Tax and Product Subsidy are essential terms in economics that are used to understand price determination …

Production Tax & Production Subsidy - Indian Economy Notes

Production Tax & Production Subsidy: Key Concepts 1. Production Tax A production tax is a tax imposed by the government on the production of go…

Why Parliamentary Control is Not Effective

Ineffectiveness of Parliamentary Control  Although Parliament is supposed to control the government, it doesn't always do so effectively. Sever…

Multifunctional role of Parliament

Legislative Powers and Functions of Parliament The Parliament’s main job is to make laws for the country. It has the power to make laws on various…

Funds and Its Types: Consolidated Fund of India, Contingency Fund of India, Public Account of India

UPSC Notes on Funds and Its Types Funds are monetary resources allocated for specific purposes. They are essential for the functioning of governan…

What is GDP Deflator – Indian Economy UPSC Notes

GDP Deflator  The GDP Deflator is a measure of inflation that reflects how much the prices of goods and services produced in an economy have changed…

Basic Concepts of Macroeconomics: Gross vs Net, Domestic vs National, Nominal vs Real, Factor Cost vs Market Price

1. Gross vs Net Gross: Refers to the total value without deducting depreciation (wear and tear of capital goods). Includes the full value of good…
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