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Some Important Economic Terms

Fiscal Policy Fiscal policy pertains to public revenue (tax and non-tax sources of revenue) and Public Expenditure (Revenue Expenditure and Capital Expenditure). How and from which sources public revenue would be mobilized is one concern of the fiscal policy. The second concern how public expenditure would be allocated to different heads.

Lok Sabha Election 2019: Talking about the defeated

2019 2014 DIFF. NDA 353 336 +17 UPA 90 60 +30 MGB 15 5 +10 OTHERS 84 142 -58 A thousand kudos to the BJP, party, that won Lok Sabha elections 2019 by a decisive margin! This would bring to power a stable government for the next five years, thanks to overwhelming majority that people gave to the party in a presidential sort of election in which charisma of

11 curves most frequently used in Economics 

A production–possibility frontier (PPF) or production possibility curve (PPC) is a curve which shows various combinations of the amounts of two goods which can be produced with the given resources and technology, where the given resources are fully and efficiently utilized per unit time. A PPF illustrates several economic concepts, such as allocative efficiency, economies of

Monetary and Credit policy: Meaning and Importance

Monetary policy of   pertains to controlling and regulating money supply and cost borrowing with twin objectives of price stability and economic growth.  The monetary authority of all modern economies (countries), typically the central bank, targets an inflation rate or interest rate to ensure price stability and general trust in the currency. The other goals of a monetary policy

Perspectives on Roadshow for electoral campaigning

The political leaders have been doing roadshows in increasingly large numbers. It facilitates an interface between political leaders and their party workers. It also gives people an opportunity for “darshan” (to take a glimpse) of their leader. These may appear as unbeatable positives of “roadshows.” We know that some of

Apolitical Interviews: Is politics that bad?

The unexamined life is not worth living. - Socrates “समर शेष है, नहीं पाप का भागी केवल व्याध, जो तटस्थ हैं, समय लिखेगा उनका भी अपराध” ― Ramdhari Singh 'Dinkar' (The battle still remains and the hunter/killer alone is not the sinner, but the time will note the crimes of bystanders as well) Sahbdon

Understanding political language of today

“The limits of my language means the limits of my world.”  ― Ludwig Wittgenstein Somebody will be able to overcome any encryption technique you use! -Noam Chomsky “Language is my whore, my mistress, my wife, my pen-friend, my check-out girl. Language is a complimentary moist lemon-scented cleansing square or handy freshen-up wipette.” ― Stephen Fry Political