We hear news about Black Money in Indian economy very often these days. But what exactly is Black money? What makes money black or white? This short analysis is a humble attempt to cover essentials one should know about the black money issue in India. Definition of Black Money: It is to be noted … [Read more...] about The Black Money Saga In India: A Short Analysis
Economics Notes
Balance of Payments: Accounting Concepts of Foreign Trade
Understand the concept behind the Balance of Payments (BoP) The Balance of Payments (BoP) and Balance of Trade (BoT) are two confusing concepts for even economics graduates. These terms are connected with international trade accounting. In this post, we provide a mind-map approach to studying … [Read more...] about Balance of Payments: Accounting Concepts of Foreign Trade
Major Programs Under Central Assistance to States Plan: 2016-17
This post is dedicated entirely to list the major programs under the Central Assistance for States and UT plans as per Budget 2016-17. Update: To learn the Centrally Sponsored Schemes and Central Sector Schemes as mentioned in the Union Budget 2018, refer this post. It should be noted that … [Read more...] about Major Programs Under Central Assistance to States Plan: 2016-17
Major Programs Under Central Plan 2016-17
Central Plan is a sub-component of Plan expenditure, the other being Central Assistance to states. Programs under Central Plan are known as Central sector schemes. Update: To learn the Centrally Sponsored Schemes and Central Sector Schemes as mentioned in the Union Budget 2018, refer this … [Read more...] about Major Programs Under Central Plan 2016-17
Union Budget of India 2016-17: Highlights and Analysis
Every year, ClearIAS used to publish a short analysis of Indian Budget and Economic Survey. Our post, covering the highlights of Indian Budget 2016-17, is ready. We plan to release the highlights of Central Plan 2016, Central Assistance 2016, Economic survey 2015 etc in coming posts. It has to … [Read more...] about Union Budget of India 2016-17: Highlights and Analysis
India’s New GDP Series 2011-12: Everything You Need To Know
India has shifted to a new GDP series. The organisation responsible for calculating national income - CSO (Central Statistical Organisation) - adopted a new series based on the year 2011-12 instead of the previous 2004-05. One might need to understand a few technical terms like GVA at basic … [Read more...] about India’s New GDP Series 2011-12: Everything You Need To Know
How do States get revenue from the Center?
How do states get revenue from the Centre? Center-State finance is a confusing topic unless you have come across the above figure. Most of the states depend on the centre for the large chunk of their revenue. The devolution process was based on many complex formulae before. However, now things … [Read more...] about How do States get revenue from the Center?
Major Programs Under Central Assistance to States Plan: Budget 2015-16
The total plan outlay in the Union Budget is the sum of Central Plan and Central Assistance for State and UT plans. We have already covered the major programs under Central Plan in a separate article. Update: To learn the Centrally Sponsored Schemes and Central Sector Schemes as mentioned in the … [Read more...] about Major Programs Under Central Assistance to States Plan: Budget 2015-16
Major Programs Under Central Plan: Budget 2015-16
Plan expenditure includes Central plan as well as Central Assistance to states plan. Programs under Central Plan are known as Central sector schemes. Update: To learn the Centrally Sponsored Schemes and Central Sector Schemes as mentioned in the Union Budget 2018, refer this post. Central … [Read more...] about Major Programs Under Central Plan: Budget 2015-16
Union Budget of India 2015-16 Highlights and Analysis
What make a budget good or bad are not some populist announcements or tax incentives. Unlike the traditional media, what serious aspirants should look at the budget is not if the budget increase the cost of mobile phone, liquor or gold. What makes a budget good or bad are some figures - the … [Read more...] about Union Budget of India 2015-16 Highlights and Analysis
