Tax Reforms in India, Direct & Indirect Tax Reforms. Subsidies- Cash Transfer of Subsidy Issue.

Sience 1990 ie the liberalization of Indian economy saw the beginning of Taxation reforms in the nation. The taxation system in the nation has been subjected to consistent and comprehensive reform. Following factors arise the need for tax reforms in India:- Tax resources must be maximized for increased social sector investment in the economy. International competitiveness … Read more

Famous Personalities of Fredom Struggle of India

Keshab Chander Sen :- ? was an Indian Bengali Hindu philosopher and social reformer who attempted to incorporate Christian theology within the framework of Hindu thought.He was born on 19th November 1838 in Kolkata. He was a descendant of the medieval Sena kings of Bengal. ? He was so influenced by the ideas of Brahmo … Read more

Basic Structure of Indian Constitution

Basic Structure The basic structure doctrine is an Indian judicial principle that the Constitution of India has certain basic features that cannot be altered or destroyed through amendments by the parliament. Key among these “basic features”, are the fundamental rights granted to individuals by the constitution. The doctrine thus forms the basis of a limited … Read more

India in the Eighteenth Century

Bahadur Shah 1 (1707-12) Muzam succeeded Aurungzeb after latter’s death in 1707 He acquired the title of Bahadur Shah. Though he was quite old (65) and his rule quite short there are many significant achievements he made He reversed the narrow minded and antagonistic policies of Aurungzeb Made agreements with Rajput states Granted sardeshmukhi to … Read more

Role and Functions of Reserve Bank of India

Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more

Fundamental Rights

Fundamental Rights Discrimination not on grounds only of Art 15: religion, race, caste, sex, place of birth Art 16: religion, race, caste, sex, descent, place of birth, residence Reservation First Backward Classes Commission: 1953, Kaka Kalelkar Second BCC: 1979, B P Mandal (by Morarji Desai govt) Article 340 Reasonable Restrictions Speech and Expression: sovereignty and … Read more

Union and State Executive

Governor Same person can be appointed the governor of two or more states Appointed by the President May resign by writing to the President Qualification Citizen of India 35 years of age Art 161: Pardon for any offence against a law relating to a matter to which the executive power of the state extends Constitution … Read more

Constitutional Development & Indian Constitution

Making of the constitution 1934: Idea of constituent assembly put forward by M N Roy 1935: INC officially demands constituent assembly 1938: JL Nehru’s declaration on the constitution of India 1940: Nehru’s demand accepted in the form of August Offer August Offer PM: Winston Churchill While rejecting INCs demand for independence of India after the … Read more