CGPCS Prelims and Mains Notes, CGPCS Test Series
When a government spends more than it collects in taxes, it borrows from the private sector to finance the budget deficit. The accumulation of past borrowing is the government debt. A tax cut stimulates consumer spending and reduces national saving. The reduction in saving raises the interest rate, which crowds out investment. As per Solow’s … Read more
Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the treasury bills issued by the RBI and drawing down of cash balances kept with the RBI. The budgetary deficit was called deficit financing by the government of India. … Read more
Pattern of Revenue Expenditure In India, government expenditure – as per the provision in the Constitution – is divided into revenue expenditure and capital expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close to 70% and that of … Read more
Chhattisgarh: Socio, Political and Economic empowerment of Women. Child Labour problem Chhattisgarh has a high female-male sex ratio (991) ranking at the fifth position among other states of India. Although this ratio is small compared to other states, it is unique in India because Chhattisgarh is the 10th-largest state in India. The gender ratio (number … Read more
Forest area of Chhattisgarh approx 59,772 square kilometers, which is 44.21 percent of the Chhattisgarh ‘s geographical area. Third rank in the country In terms of forest covers. Forests of Chhattisgarh state divided into two major categories, namely Tropical Humid Deciduous forest and tropical dry Deciduous forest. The state’s two main tree species are sal … Read more
Non-banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds hire-purchase insurance business or chit business but does not include any institution whose principal business … Read more