Tag: Economics

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Economics

GST 2.0 Reforms – Simplified GST Structure, Rate Cuts, and Trade Facilitation

Explore the major highlights of India’s GST 2.0 Reforms effective from 22 September 2025. Understand the simplified tax slabs, key rate cuts, trade facilitation measures, challenges, compensation cess updates, and the broader economic impact of the next-generation GST.

Economics

Income-tax Act, 2025 : Key Highlights, Features & FAQs | New Direct Tax Law Explained

The Income-tax Act, 2025 replaces the 1961 Act after six decades. Learn about the key changes, new features like ‘tax year’, faceless schemes, digital search powers, and implications for taxpayers. Ideal for UPSC aspirants and professionals.

Economics

Direct and Indirect Taxes in India – Meaning, Types, Advantages

Understand the key differences between direct and indirect taxes in India. Learn about types of taxes like income tax, GST, customs duty, and capital gains tax. Ideal for UPSC preparation and general awareness on Indian taxation system.

Economics

Taxation in India: Types, Challenges, Reforms, and the Way Forward

Understand taxation in India with a complete guide to direct and indirect taxes, classification methods, key challenges, reforms like GST and faceless assessment, and future steps to strengthen India’s tax ecosystem. Ideal for UPSC & competitive exam preparation

Economics

GDP Deflator

Understand the GDP Deflator – a key measure of inflation in India.

Economics

Understanding Price Indices in India – CPI, WPI, GDP Deflator, PPI

Understand the key inflation indices in India—CPI, WPI, GDP Deflator, and PPI. Detailed UPSC notes with methodology, comparison, and FAQs.

Economics

Inflation: Meaning, Types, and Related Concepts

Understand inflation: definition, causes, types, effects & control measures.

Economics

What is Seigniorage?

Seigniorage is the profit earned by the government from issuing currency, calculated as the difference between the value of money and its production cost. Learn its working in India, economic importance, and associated risks.