Drain Theory

  Subscribe on YouTube Dadabhai Naoroji: ‘Poverty in India’ (1876) He claimed that the drain of wealth and capital from the country which started after 1757 was responsible for absence of development in India. Drain was done through trade, industry and finance Two elements of the drain That arising from the remittances by European officials … Read more

Industrial Transition in India

  Join Our Telegram Channel The process of industrial transition divided into: industrial growth during the 19th century and industrial progress during the 20th century Industrial growth during the 19th century Decline of indigenous industries and the rise of large scale modern industries 1850-55: first cotton mill, first jute mill and the first coal mine … Read more

Direct & Indirect Taxes

Subscribe on YouTube     Direct & Indirect Taxes   Direct Tax   Indirect Tax     Corporation Tax   Excise Duties     Income Tax   Service Tax     Interest Tax   Central Value Added Tax (Vat)     Expenditure Tax   Sales Tax     Wealth Tax   Property Tax     … Read more

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