Category: Free Essays

Short Notes on the Classifications of Taxes in India

0 Comments January 22, 2019

3. Specific and Ad Valorem Taxes 4. Single and Multiple Taxes 5. Value-Added Tax (VAT) Direct and Indirect Taxes A direct tax is paid by the person on whom it is legally imposed, while an indirect tax is imposed on one person, but paid partly or wholly by another, owing to a consequential change in […]

What Are The 10 Imported Items Of India’s Exports? – Answered!


(ii) During recent years, exports of petroleum products increased significantly. It was $11,867 million in 2005 -06 contributing 11.5% of total export earnings. Their exports rose to $24,869 million in 2007-08 thus increasing its share to 15.6 per cent. (iii) As a result of industrialisation, exports of chemicals and allied products have increased tremendously from […]

Short Speech on Poverty in India


Absolute Poverty: In India the concept of poverty has been approached in the absolute sense. In other words, it is not related to the income or consumption expenditure distribution. The concept of absolute poverty is relevant for the less-developed countries where absolute poverty abounds. To measure it, absolute norms for living are first laid down. […]

What Are The Consequences Of Price Rise In India? – Explained!


Investment gels seriously undermined for the following reasons. First, the investment decisions which being of a long-term character and therefore requiring stable prices, can no longer be made on a sound and sure basis. Second, this follows from the first consequence, funds in the private sector get diverted to short-gestation projects which seem to provide […]

9 Resources That Makes India a Very Rich Country


In order to meet that demand, our power generation capacity would have to increase more than six times by 2032. On the basis of use, energy is divided into (i) Commercial and (ii) Non-commercial energy. Commercial energy is used by production sector while almost whole of the rion-conunercial energy is consumed by the household sector. […]

9 Effects of Population Pressure on the Economy of India


1. Natural Resources: The effect of population rise on natural resources may be usefully dealt with in two parts. One, when we take the land area of the country only. Two, when one examines these resources in the wider sense to include all that is given to man by nature. 2. Land Resources: In considering […]

10 Ingredients of a Good Employment Policy in India


Similarly, those employment programmes also are unsuitable for India which do not contribute to the growth of production in the country. India is not the country for employment generating programmes of “digging the holes and filling up these again” variety. Thus, in India growth of production is of crucial importance for the solution of the […]

Useful Notes on Proportional, Progressive and Regressive Taxes in India


If the tax liability as a proportion of income falls with the increase in tax-payer’s income, it is termed as regressive tax. These can also be shown diagrammatically as in figure given below. Proportional Tax: As can be seen, in the proportional tax system, all incomes are taxed at a single uniform rate and it […]

11 Main Features of the Foreign Trade Policy of India


1. Free Imports and Exports: Substantial simplification and liberalisation has been carried out in the reform period. The tariff line wise import policy was first announced on March 31, 1996 and at that time itself 6,161 tariff lines were made free. Till March 2000, this total had gone up to 8,066. The Exim Policy 2000-01 […]

Policies Made By the Government of India for the Removal of Poverty


(i) General Growth: This is concerned with the moulding of the growth strategy in a manner that has helped to some extent in improving the conditions of the poor. This involved such a restructuring of the production, and of product-mix, that provided more work/income and more mass-goods, to the poor. In concrete terms, this was […]