In 2015, India opted for Gross Value Added (GVA) in lines with the UN System of National Accounts of 2008. According to the SNA, gross value added, is defined as the value of output minus the value of intermediate consumption and is a measure of the contribution to GDP made by an individual producer, industry or sector. Details from the news is important for both prelims and mains.
The new Parliament building has been controversial ever since it has been envisaged. However, the CPWD has told the Supreme Court that the decision to build is prudent as no. of seats is likely to [Read More]
Recently The Supreme Court passed a judgement removing the Ban on Cryptocurrency Imposed by RBI last year. This news is related to the topic, Indian Economy of GS 2. Details about Crypto currency and issues [Read More]
The editorial discusses the post-pandemic situation and what would be needed to revive the economy. The Indian economy was faltering even before the crisis hit, only to be hit harder by the pandemic. Click to [Read More]
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