APSC Prelims and Mains Notes, APSC Test Series
Article 263 of the constitution provides for the establishment of an Inter-State Council (ISC). The Commission under the Chairmanship of Justice R. S. Sarkaria in its report in 1988 recommended that: A permanent Inter-State Council called the Inter Governmental Council (IGC) should be set up under Article 263. The IGC should be charged with … Read more
Benami transaction are one of the major source for parking the unaccounted wealth by the individuals and firms. Strong laws will help to curb the menace of benami transaction and hence the black money and eventually corruption. It was one of the step taken by the Govt. to deal with the issue of corruption. The … Read more
Significance of varnashrama in the past: Significance of Brahmacharya Ashram: To illuminate one’s mind. That’s why role of guru is important. Education and process of learning became organized in the absence of organized learning. Significance of Grihastha Ashram: Ensuring continuity of society through marriage, family, kinship institutions etc. Significance of Vanaprastha Ashram: This stage helps … Read more
Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency The term was used by the International Finance Corporation (IFC) to evoke the culture and cuisine of India Unlike dollar bonds, where the borrower takes the currency risk, masala bond makes the investors bear the risk The first … Read more
Local self government is the govt. at the grass root level which looks after the administration at the local level. It give representation to the local people and possess fairly large measure of autonomy , raising atleast a part of its revenue locally and spending it on activities that are considered local. Significance: Provide foundation … Read more
August offer was the proposal from Viceroy Lord Linlithgow to seek the cooperation from the INC during the second world war. It was announced in August 1940. Major proposals of August offer were: 1) Dominion status as the objective for India. 2) Expansion of viceroy executive council 3) No future constitution to be adopted without … Read more