Government schemes for poverty alleviationMahatma Gandhi National Rural Employment Guarantee Act (MGNREGA): Guarantees 100 days of wage employment to rural households.MGNREGA aims to create sustainable assets like roads, canals, and ponds in…
Measurement: Poverty line, Tendulkar and Rangarajan committeesPoverty Line is a benchmark used to measure the level of poverty in a country.It is based on the minimum income required to meet basic needs like food, clothing, and shelter.In India, the Planning…
Types: Absolute, relativeIntroductionPoverty refers to the inability to meet basic needs such as food, shelter, and clothing.In India, poverty is a significant socio-economic challenge, affecting millions of people.The…
Challenges of globalizationIntroductionGlobalization refers to the integration of economies, cultures, and societies through international trade, investment, technology, and migration.While globalization offers many…
FDI and FPI: Trends and policiesIntroductionForeign Direct Investment (FDI) refers to investments made by a company or individual in one country in business interests in another country, involving control or ownership.Foreign…
Impact on Indian economyIntroductionGlobalization refers to the integration of economies, societies, and cultures through trade, investment, technology, and information.India's economic liberalization in 1991 accelerated…
WTO, IMF, World Bank, and their rolesIntroductionThe World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank are key international organizations in global economic governance.They play distinct but…
Exchange rates: Fixed, floating, and managedIntroductionExchange rate is the value of one country's currency in relation to another country's currency.It plays a vital role in international trade, influencing exports, imports, and foreign…
Balance of trade vs. balance of paymentsIntroductionThe Balance of Trade (BOT) and the Balance of Payments (BOP) are key indicators of a country's economic health.Both are used to analyze a nation's international trade performance and its…
Tax reforms in IndiaIntroduction to Tax ReformsTax reforms in India aim to create a more efficient, transparent, and equitable tax system.The focus has been on simplifying the direct and indirect tax structure,…