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- Economics is the study of how individuals, businesses, and governments allocate scarce resources to satisfy their needs and wants.
- It examines the production, distribution, and consumption of goods and services.
- Originates from the Greek words "oikos" (household) and "nomos" (management), meaning household management.
- Defined by Adam Smith as the study of wealth creation and distribution.
- Modern definition by Lionel Robbins: Economics is the study of hum
Recent Changes in Governance Policies
- Digital India Initiative: Focuses on transforming India into a digitally empowered society and knowledge economy.
- Atmanirbhar Bharat Abhiyan: Aimed at making India self-reliant through reforms in manufacturing, agriculture, and labor laws.
- Goods and Services Tax (GST): Introduced a unified tax structure to simplify the indirect taxation system.
- National Education Policy (NEP) 2020: Focuses on
Recent Landmark Judgments
- Kesavananda Bharati Case (1973): Established the Basic Structure Doctrine, preventing Parliament from altering the Constitution’s fundamental framework.
- Right to Privacy (Puttaswamy Case, 2017): Declared privacy as a fundamental right under Article 21.
- Triple Talaq Case (Shayara Bano, 2017): Declared instant triple talaq unconstitutional, leading to legislative reforms.
- Section 377 Case (Navtej Johar, 2018): Dec
Recent Constitutional Amendments
- 103rd Amendment: Introduced a 10% reservation for Economically Weaker Sections (EWS) in educational institutions and government jobs.
- 104th Amendment: Extended the reservation of seats for Scheduled Castes (SC) and Scheduled Tribes (ST) in Lok Sabha and State Assemblies by another 10 years.
- 105th Amendment: Restored the states' power to identify Socially and Educationally Backward Classes (SEBCs).
Constitutional Provisions
- Article 15(1): Prohibits discrimination against any citizen on grounds of religion, race, caste, sex, or place of birth.
- Article 29(1): Protects the right of minorities to conserve their distinct language, script, or culture.
- Article 30(1): Grants minorities the right to establish and administer educational institutions of their choice.
- Article 25: Guarantees freedom of conscience and the right to profess, pract
Constitutional Framework
- Article 244: Deals with the administration of Scheduled Areas and Tribal Areas under Fifth and Sixth Schedules.
- Article 244A: Provides for the creation of an autonomous state within Assam, incorporating Tribal Areas.
Scheduled Areas under the Fifth Schedule
- Applicable to states other than Assam, Meghalaya, Tripura, and Mizoram.
- Governed by the Governor's special responsibility to administer these
Constitutional Framework
- Article 343: Declares Hindi in the Devanagari script as the official language of the Union.
- English was permitted for official purposes for a transitional period of 15 years from 1947 to 1965, extendable by legislation.
- The President can authorize the use of Hindi in addition to English for official purposes.
Directive Principles for the Use of Language
- Article 344: Establishes a Commission to recommend the progr
Overview of Emergency Provisions
- The emergency provisions in Part XVIII of the Constitution empower the central government to manage extraordinary situations.
- They include three types: National Emergency (Article 352), State Emergency (Article 356), and Financial Emergency (Article 360).
- While designed to protect national security and governance, these provisions also have the potential for misuse.
Effects of Emergency Provisions
- Under a National Emergency
Overview
- Emergency provisions in the Indian Constitution are detailed in Part XVIII (Articles 352 to 360).
- These provisions empower the central government to tackle exceptional situations.
- There are three types of emergencies under Articles 352, 356, and 360: National Emergency, State Emergency, and Financial Emergency, respectively.
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- The Emergency Provisions in the Indian Constitution are covered under Part XVIII (Articles 352 to 360).
- These provisions enable the central government to meet exceptional circumstances affecting the nation.
- There are three types of emergencies: National Emergency, State Emergency (President's Rule), and Financial Emergency.
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