TSPSC Prelims and Mains Notes-TSPSC Test Series
National Income The study of National Income is important because of the following reasons: To see the economic development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more
Indian Public Finance Value Added Tax Under the constitution the States have the exclusive power to tax sales and purchases of goods other than newspapers There are however defects of sales tax It is regressive in nature. Families with low income a larger proportion of their income as sales tax. Has a cascading effect – … Read more
The English word administer‘ is derived from a combination of two Latin words and ?ministrate‘ meaning ?to serve or manage‘. Literally, the term means management the affairs of public or private. Administration refers to mobilisation of resources – human and material- to achieve pre-set of objectives. Administration is thus an activity undertaken in pursuit of … Read more
Human development is a process of enlarging people’s choices. The most critical ones are to lead a long and healthy life, to be educated and to enjoy a decent standard of living. Additional choices include political freedom, guaranteed human rights and self-respect.Human development has to be development of the people, by the people, for the … Read more
WHO Defines Food security to exists when all people, at all times, have physical, social and economic access to sufficient, safe and nutritious food which meets their dietary needs and food preferences for an active and healthy life. Food security has three interlinked contents such as :- Availability of food, Access to food and absorption of food. Food … Read more
Andhra Pradesh AU ties up with Chinese university. Andhra University has signed an MoU with Guizhou Normal University (GNU), China, for student exchange programme and starting a Chinese language course in AU. The six-month diploma course in Chinese will commence shortly at the Centre for Foreign Languages in Andhra University. … Read more
Introduction In the fourteenth century, the disintegration of the Mongol empire led Timur to unite Iran and Turan under one rule. Timur’s empire was spread from the lower Volga to the river Indus, including Iran, Asia Minor (modern Turkey), Trans-Oxiana, Afghanistan, and some part of Punjab. In 1404, Timur died and Shahrukh Mirza, his grandson, … Read more
India has a well developed taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the local government organizations. In most cases, these local bodies include the local councils and the municipalities. According to the Constitution of India, the government has the right … Read more
Under the Constitution the financial resources of the State are very limited though they have to do many works of social uplift under directive principles. In order to cope with their ever-expanding needs, the Central Government makes grants-in-aid to the States. Grant- in-aid to States , through it Central Government exercises a strict control over … Read more
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more