First devaluation of the Indian Rupee took place on 19th September, 1949. India devalued the rupee from ₹3.309 to a dollar to ₹4.762. Rupee... View Article
There are varied reasons behind depreciation of rupee, they are: inflation, balance of payments, current account deficit, currency wars, capital... View Article
When the rupee gets devalued, the import of goods becomes very expensive. Devaluation of the rupee can lead to inflation in the economy.... View Article
India had to go for a devaluation of the Indian rupee because India was facing a massive economic crisis. India had very limited foreign reserves... View Article
The Indian Rupee was devalued in three instances. The Indian rupee was devalued for the first time in 1949, later it was devalued in 1966 and... View Article
The most important implication of laffer curve is that too much increase in tax rates beyond a certain point will be counter productive to the... View Article
Inverted-U is the typical shape of a Laffer curve. As the tax rate increases beyond the optimal point, which is located at the peak of the Laffer... View Article
Richard A. Musgrave is the father of public finance. Raja Chelliah is often referred to as "The Father of Tax Reforms". You can read about the... View Article
Administrative ease, simplicity, fairness, transparency, and adequacy are the conditions that must be fulfilled for creating a good tax... View Article
When a country is on the downward sloping side of the laffer curve, cutting tax rates will help in increasing the tax revenues. The tax revenues... View Article
The trade off in the Laffer Curve is between tax revenue and tax rates. The laffer curve is inverted U shape. The tax revenue keeps increasing as... View Article
Yes, the laffer curve was used to put forward the argument that incessant increase in tax rates is not productive. In the US, the Laffer curve... View Article
The Indo-Pacific Regional Dialogue (IPRD) is the annual international conference conducted by the Indian Navy. The IPRD 2023 was held for three... View Article
AIR Spotlight is an insightful program featured daily on the All India Radio Newsonair. In this program, many eminent panellists discuss issues... View Article
UPSC Current Affairs Preparation: The Hindu Analysis Watch expert analysis of ‘The Hindu’ dated 02nd Nov 2021. Important news and views to boost... View Article
Nov 2nd, 2021, CNA:- Download PDF Here TABLE OF CONTENTS A. GS 1 Related B. GS 2 Related INTERNATIONAL RELATIONS 1. Pentagon rattled by China’s... View Article
AIR Spotlight is an insightful program featured daily on the All India Radio Newsonair. In this program, many eminent panellists discuss issues... View Article
TABLE OF CONTENTS 1. UNFCCC COP26 2. States’ Foundation Days 3. PM Gati Shakti National Master Plan 4. Tidbits Yojana Gist Kurukshetra... View Article
Economy is an important part of the UPSC prelims and mains exams; this series titled ‘Economy This Week’ has been initiated to address the need... View Article
