Taxation is one of the most important tools through which the government collects revenue to fund public services, build infrastructure, and promote social welfare. Every citizen and business directly or indirectly contributes to the nation’s development through taxes. In this unit, we will explore the meaning, objectives, classification, and structure of taxation in India, along […]
The Indian economy has undergone significant transformation over the past few decades, driven by structural reforms, policy changes, and the need to adapt to global economic dynamics. While these reforms have opened new opportunities, they have also brought fresh challenges. This unit covers the major economic reforms like the LPG model, GST, and demonetization, and
India has emerged as one of the fastest-growing economies in the world, deeply integrated into global trade, investment, and financial flows. The country’s participation in the world economy has been shaped by the forces of globalization, the rise of foreign trade, and an increasing inflow of foreign investments. In this unit, we explore how India
The services sector has emerged as a major driver of India’s economic growth, contributing significantly to GDP, employment, and exports. Alongside, infrastructure development has played a vital role in connecting markets, enabling industries, and improving the quality of life. This unit explores the importance, growth patterns, and key government initiatives shaping India’s services and infrastructure
The Indian economy has two major pillars—agriculture and industry—both contributing significantly to growth, employment, and social development. While agriculture has been the backbone of India for centuries, the industrial sector drives modernization, exports, and technological progress. This unit explores their importance, reforms, and policies shaping their future. Download UNIT 2 – Agriculture and Industrial Sectors
The Indian economy is one of the largest and fastest-growing economies in the world, characterized by diversity in resources, industries, and people. It is a mixed economy, meaning it combines elements of both capitalism and socialism—private enterprises operate alongside significant government intervention. The economy has undergone major transformations over the years, from being largely agrarian
The banking and insurance sectors operate within a strict legal and regulatory framework to ensure financial stability, protect customer interests, and promote innovation. This unit focuses on the main regulatory authorities, key legal provisions, and the emerging trends reshaping these industries. Download UNIT 5 – Regulatory Framework and Emerging Trends in Banking and Insurance Notes
Insurance plays a crucial role in financial planning by protecting individuals and businesses from potential financial losses. Broadly, insurance is classified into Life Insurance and General Insurance, each serving different purposes and covering different risks. In addition to understanding the types of insurance, it is essential to be familiar with key policy documents that form
Insurance and risk management play a vital role in ensuring financial security and stability, both for individuals and businesses. This unit explores the fundamental concepts, principles, and types of insurance, along with strategies for effective risk management. Download UNIT 3 – Basics of Insurance and Risk Management Notes Get simplified revision notes for this unit:
Banking operations form the backbone of the financial system, enabling individuals, businesses, and governments to manage money securely and efficiently. This unit focuses on the various types of bank accounts, essential instruments like cheques, modern digital banking services, and the important compliance requirements under KYC (Know Your Customer) norms to prevent misuse of the banking
