Public Debt

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

24-25 .12.17 Chhattisgarh (CGPCS) Current Affairs

CHHATTISGARH CM launches ‘prerna’ notebook for students of ashram schools   The notebook is published by the Scheduled Tribes and Scheduled Castes Development Department for the students of Ashram schools and hostels. The life and times of Veerangana Rani Durgawati, revolutionary Birsa Munda, Amar Shaheed Gendh Singh, great social reformer Guru Baba Ghasidas, Amar Shaheed … Read more

03.04.18 (CGPCS) Chhattisgarh Current Affairs

CHHATTISGARH CM assures power supply to every household by June-July   Promising for 100 percent electrify the last village of Chhattisgarh by June-July, Chhattisgarh chief minister Raman Singh on the last day of 20-day long Loksuraj Abhiyan said that this Vidhan Sabha election, he targets for first division marks by securing 65 seats unlike past three polls.   Chief minister Raman Singh … Read more

12.04.18 (CGPCS) Chhattisgarh Current Affairs

CHHATTISGARH C’garh preparing for launch of ‘gram swaraj mission’   The Chhattisgarh Government has commenced preparations for Central Government’s nation-wide launch of ‘Gram Swaraj Mission’ from April 14 to May 5.   The State Women and Child Development Department will organize several programmes  relating to the ‘National Nutrition Mission’ at gram sabhas of the panchayats. … Read more

20.01.18 Chhattisgarh (CGPCS) Current Affairs

CHHATTISGARH State has parched reservoirs: min   Chhattisgarh is among nine States in the country with less water in the reservoirs during the current year compared to last year, the Union Ministry of Water Resources has informed.   States having lesser storage than last year for corresponding period are Punjab, Rajasthan, Jharkhand, Odisha, Gujarat, Uttar … Read more

Development of Railways, Industrialization, Constitutional Development.

Development of Railway, Industralization and constitutional development during British period   Railway The British created the Indian Railways. They envisioned it, planned it, engineered it and instructed poor Indian laborers how to build it. There is a common misconception that the British “gifted” India the Railways. Nothing could be more wrong. The British did not … Read more

Pattern of Revenue Expenditure

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

06.04.18 (CGPCS) Chhattisgarh Current Affairs

CHHATTISGARH Gram sabhas in 10,971 panchayats from Apr 14   Gram Sabhas will be organised in about 10,971 gram panchayats from April 14, the birth anniversary of  the architect of Indian Constitution Dr Baba Saheb Ambedkar, according to Directorate of Panchayat.   Chief Minister Raman Singh appealed to the citizens of the State to participate … Read more

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