Calculating GDP, Nominal Vs Real GDP, GDP Deflator

Gross Domestic Product(GDP): Nominal GDP: Base Year: Real GDP: GDP Deflator:

3 Methods of Calculating GDP

Introduction to Gross Domestic Product(GDP): There are 3 Methods of Calculating National Income Income Method Output or Production Method Expenditure Method Income Method: Production Method: Expenditure Method:

The Doklam Issue

On July 12, China signalled its intent to end the standoff between Indian and Chinese troops in the Dokalam area at an early date, if Indian forces withdraw to what it called the “Indian side of the boundary”. The standoff has been continuing since first week of June 2017, adding tension to the Sino-Indian relations. 

Non Aligned Movement, Panchsheel, Look East Policy, Gujral Doctrine

The Non-Aligned Movement The Non-Aligned Movement (NAM) is a group of states that are not formally aligned with or against any major power bloc(USA OR Soviet Union). As of 2012, the movement has 120 members. The founding fathers of the Non-Aligned Movement were  Josip Broz Tito of Socialist Yugoslavia,  Jawaharlal Nehruof India,  Sukarno of Indonesia, Gamal Abdul Nasserof Egypt and  Kwame

India-Israel Relations

India formally recognised Israel on September 17, 1950. Soon thereafter, the Jewish Agency established an immigration office in Bombay. This was later converted into a Trade Office and subsequently into a Consulate. Embassies were opened in 1992 when full diplomatic relations were established Since the upgradation of relations in 1992, defence and agriculture have been the

Israel-Palestina Conflict

The Israel-Palestine conflict – often referred as the ‘world’s most intractable conflict’ – is rooted in a dispute over land claimed by Jews as their biblical birthright and by the Palestinians, who seek self-determination. Despite repeated attempts to end the conflict between the two countries, there is no peace settlement in sight. The History of Israel-Palestine Conflict Jews

Fiscal Responsibility and Budget Management (FRBM)Act

Fiscal Responsibility and Budget Management Act FRBM became an Act in 2003. The objective of the Act is to ensure inter-generational equity in fiscal management, long run macroeconomic stability, better coordination between fiscal and monetary policy, and transparency in fiscal operation of the Government. The Government notified FRBM rules in July 2004 to specify the

Monetary Policy Committee

Monetary Policy Committee The Monetary Policy Committee (MPC) is the body of the RBI, headed by the Governor, responsible for taking the important monetary policy decision about setting the repo rate. Repo rate is ‘the policy instrument’ in monetary policy that helps to realize the set inflation target by the RBI (at present 4%). The

Agricultural Produce Market Committee (APMC) Act

Agricultural Produce Market Committee (APMC) Act   Agricultural Produce Market Committee (APMC) is a statutory market committee constituted by a State Government in respect of trade in certain notified agricultural or horticultural or livestock products, under the Agricultural Produce Market Committee Act issued by that state government. There are about 2477 principal regulated markets based

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