20.04.18 Karnataka (KPSC) Current Affairs

KARNATAKA South Interior Karnataka receives more than twice the normal rainfall   Following the belated monsoon showers that lashed South Interior Karnataka last year, this part of the state continues to receive excessive rain in the pre-monsoon season. Data compiled by the Indian Meteorological Department (IMD) shows that South Interior Karnataka, which includes Mysuru, Mandya, Chamarajanagar  INTERNATIONAL   ·        Official … Read more

Impacts of Privatization

Privatization in generic terms refers to the process of transfer of ownership, can be of both permanent or long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups that intend to utilize it for private benefits and run the entity with the aim of profit maximization. ADVANTAGES … Read more

Strengthening of ethical and moral values in governance

Strengthening of ethical and moral values in governance The notion of “Good Governance” has become the buzzword these days in wake of globalization. Good governance is commonly described as a style of governance that is efficient, effective, responsive, corruption free and citizen friendly for ensuring people’s trust in government and promoting social harmony, political stability … Read more

Economic Growth, Development & Planning 

  Economic Growth Economic growth means an increase in real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is … Read more

Enabling legislations, financial and procedural incentives, and business opportunities for investors

Enabling legislations, financial and procedural incentives, and business opportunities for investors Today, economy of India is the seventh largest in the world by nominal Gross Domestic Product (“GDP”) and third largest by purchasing power parity and the annual growth rate of GDP has been 7.3% from 2011 to 2015. The country is classified as a … Read more

Export Import (EXIM) Policy  of India  

Export Import Policy or  Exim Policy or Foreign Trade Policy is a set of guidelines and instructions related to the import and export of goods. Various Objectives of Exim Policy are :- To facilitate sustained growth in exports from India and import in India. To stimulate sustained economic growth by providing access to essential raw … Read more

Concept of Developing, Emerging and Developed countries.

  In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more

ADB,EU, ASEAN, SAARC, AU, NATO, NAM, OPEC, G-8, IAEA, etc.

Regional Organizations   Association of Southeast Asian Nations (ASEAN)   The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability. The member countries of the Association of Southeast Asian Nations (ASEAN) are Indonesia, Malaysia, Philippines, Singapore, Thailand, … Read more