CGPCS Prelims and Mains Notes, CGPCS Test Series
The Finance Minister has announced the biggest consolidation plan of Public sector Banks (PSBs)- merging 10 of them into just 4. Merger is in line with the recommendation of Narsimhan committee recommendation of creating few banks of big size ( global average). There are no banks in top 50 global banks and the role of … Read more
The cost of recharge to sub-surface reservoir is lower than surface reservoirs. The aquifer serves as a distribution system also. No land is wasted for storage purpose and no population displacement is involved. Ground water is not directly exposed to evaporation and pollution. Storing water under ground is environment friendly. It increases the productivity … Read more
Tax expenditure is the revenue foregone as a result of exemptions and concessions. Tax expenditure was introduced for the first time in 2006-07 union budget. Tax expenditure is justified on following grounds: Act as an incentive for priority sector like infrastructure. It promotes balance regional growth It neutralise the disadvantage on account of location It … Read more
Poverty Poverty is one of the foremost problems faced by India for ages. Poverty becomes a root cause of the widespread illiteracy in India. Families who struggle for their daily bread cannot afford education for their children. Apparently these people tend to make their children work to cope with the financial problems. Lack of School … Read more
Two-hundred years ago in 1817, a valiant uprising of soldiers led by BuxiJagabandhu (Bidyadhar Mohapatra) took place in Khurda of Odisha. This is known as Paika rebellion.The Paikas were the traditional land-owning militia of Odisha and served as warriors. When armies of the East India Company overran most of Odisha in 1803, the Raja of … Read more
With varying income groups in India, not everyone can afford expensive phones. In the US, Apple has over 44% market share. However, in India the iPhones with their higher security norms are used by less than 1% of mobile users. The widening gap between the security offered by the high-end iPhone and lower cost mobiles … Read more
The Build Operate and Transfer (BOT) Annuity Model Under BOT annuity, a developer builds the highway, operates it for a specified duration and transfers it back to the government. The government starts payment to the developer after the launch of commercial operation of the project. Payment will be made on a six month basis. … Read more
Discrimination against women and girls is a pervasive and long-running phenomenon that characterises Indian society at every level. India’s progress towards gender equality, measured by its position on rankings such as the Gender Development Index has been disappointing, despite fairly rapid rates of economic growth. In the past decade, while Indian GDP has grown by … Read more
FRBM is fiscal responsibility and budget management act is an act of parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit , improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget. The main purpose of the budget was to eliminate the revenue deficit and to … Read more
The Ibādat Khāna (House of Worship) was a meeting house built in 1575 CE by the Mughal Emperor Akbar (r. 1556–1605) at Fatehpur Sikri to gather spiritual leaders of different religious grounds so as to conduct a discussion on the teachings of the respective religious leaders The construction of ‘Ibadat Khana’ in 1575, where Muslim … Read more