BIMARU, an acronym representing four Indian states – Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh – is indicative of their historical economic underdevelopment and lower levels of social and human development indicators. These four states collectively account for over 400…
Palk Bay Geographical Significance:Palk Bay is a shallow sea . It links the Indian Ocean to the south through the Gulf of Mannar and the Bay of Bengal to the east via the Palk Strait. This bay exhibits a width…
The Capital Adequacy Ratio (CAR) is a vital metric used to gauge banks’ resilience in absorbing losses and their capacity to manage liabilities and address credit and operational risks. Regulators employ it to evaluate a bank’s resilience to losses. A…
The Vaigai River in Tamil Nadu 1. Origin and Path 2. Length and Drainage Basin 3. Tributaries 4. Utilitarian Significance 6. Ecological and Economic Impact Historical and Literary Importance Cultural and Mythological Connections Development programme Vaigai River Front Development –…
The Barak River, known as the Surma River in Bengali, is a significant waterway in Northeast India and Bangladesh. It is the largest river in Assam’s Barak Valley, India, and the second-largest in Bangladesh, following the Padma River. Key Points…
Veer Surendra Sai Veer Surendra Sai (1809–1884) was an illustrious freedom fighter from Odisha, India. Born into Sambalpur’s royal family, he rightfully claimed the throne. However, the British East India Company installed a puppet ruler instead of recognizing his claim.…
The Indian Bureau of Mines (IBM) is a versatile government entity operating within the Department of Mines. Established in March 1948 under the Ministry of Works (now part of the Ministry of Mines), its primary mission involves: It should be…
Purchasing Power Parity (PPP) serves as a method to gauge the relative purchasing power of various currencies. It involves comparing the prices of a standard basket of goods and services in different countries. PPP finds its utility in assessing and…
Tobin tax is basically a tax that is levied on the short term currency transactions in order to discourage the volatility and speculation. It’s like a small fee proposed for certain financial transactions, especially those involving different currencies. A tool…
The Laffer Curve is a theory to show the relationship between tax rates and the amount of tax revenue collected by governments. A Brief Explanation A curve named after economist Arthur Laffer, which reveals a fascinating principle about taxes. When…