The Monetary Policy Committee (MPC) of India plays a critical role in shaping the nation’s economic landscape by influencing inflation rates and ensuring financial stability. This committee, under the supervision of the Reserve Bank of India (RBI), is tasked with setting the monetary policy that governs the country’s money supply, interest rates, and inflation control…
The Reserve Bank of India (RBI) plays a crucial role in the printing of currency notes in the country. It ensures the smooth circulation of currency and controls the supply of money in the economy, maintaining economic stability. The process of printing currency notes is highly structured, ensuring that the money supply in the country…
Famous Coal Fields of India and the World Coal is one of the most important and essential sources of energy, used worldwide for electricity generation, industrial processes, and domestic purposes. Coal is a natural resource that is extracted from the earth. India and many other regions around the world are rich in coal reserves. These…
NITI Aayog, or the National Institution for Transforming India, is a policy think tank of the Government of India, established on January 1, 2015. It was created to replace the Planning Commission, aiming to foster cooperative federalism and promote sustainable development through innovative strategies and policies . Formation and Purpose of NITI Aayog Objectives of…
Child labour remains a significant issue in India, affecting millions of children who are deprived of their childhood, education, and future opportunities. Despite substantial progress in various sectors, child labour continues to persist due to poverty, lack of awareness, and socio-economic disparities. The Indian government, in its bid to eliminate this social evil, has implemented…
Shifting cultivation, also known as slash-and-burn agriculture, is a traditional farming practice where land is cleared for cultivation by cutting down vegetation and burning it.
In the context of India, NDP (Net Domestic Product) refers to the total value of all the goods and services produced within the country’s borders
In the context of India, NNP (Net National Product) refers to the monetary value of all the goods and services produced by a country during a specific period (usually a year) after accounting for depreciation.
Let’s explore the concept and methods used to measure GDP.
National income refers to the total value of all goods and services produced within a country during a specific period (usually one year).