Home / General Studies / Indian Economy

Indian Economy

DRISHTI committee

The Government of India constituted a High Powered Committee (HPC) on “DRISHTI” – (Driving Information System for Holistic Tax Initiatives) in February 2014. The DRISHTI Committee is headed by Shri T.V. Mohandas Pai, Chairman, Manipal Global Education and consisting of eminent persons from the private sector having in depth domain knowledge …

Read More »

Fiscal Deficit, Revenue Deficit, Budgetary Deficit

There are few terms in Indian Economy, which are often asked in UPSC Civil Services Prelims as well as Main examination. These terms are given below. What is fiscal deficit? Fiscal deficit is the difference between the government’s expenditures and its revenues (excluding the money it’s borrowed). A country’s fiscal …

Read More »

Annual Budget in Indian Parliament and Constitution

With the emergence of Welfare State, Governments have come to look after virtually every sphere of human life. They have to perform manifold functions from maintaining law and order, protecting their territories to implementation of plans for economic and social betterment. Besides, they provide a variety of social services like …

Read More »