Category: Civil Services

The Punchhi Commission

The Punchhi Commission on Centre–State relation was formed on April 27, 2007, under the chairmanship of former Chief Justice of India Justice Madan Mohan Punchhi.The commission submitted its report on April 20, 2010. It had...

Inter-State Council

Article 263 of the Constitution of India provides for the establishment of an Inter-State Council. This article deals with ‘Co-ordination between States  and Union’.It enforces Relations between the Union and the States.  The Inter-State Council is...

Export & Import

India has the seventh largest economy in the world with respect to nominal GDP and third largest with respect to purchasing power parity. The exchange of capital, goods and services transcending internal borders and...

Important terms in Economy

Terms you need to know Fiscal Deficit – Fiscal deficit is a state when government’s expenditures exceed the revenue generated, excluding money from borrowings. Current Account deficit – Difference between a nation’s investment and...