School of Economics | Coaching Classes in Economics

24 Aug Types And Causes of Black Economy-Explained

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Introduction A black economy is also known as an underground economy, hidden economy, illegal economy and shadow economy.In black economy is an economy which involves the illegal transaction or some form of irregular activities against the set of rules.If the rules specify that if the sale...

11 Aug The Big Picture: Eradication of poverty: What steps need to be taken to achieve this goal?

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In a recent speech, Prime Minister of India set a target to alleviate poverty from the nation in coming 5 years. India, even after seven decades of independence, and being one of the major world economies, has about a quarter of population living under poverty. Every successive government, since 1947,...

08 Aug Composition of GST Council

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GST council consists of: (a) The Union Finance Minister (as Chairman), (b) The Union Minister of State in charge of Revenue or Finance, (c) The Minister in charge of Finance or Taxation or any other Minister, nominated by each state government. All decisions of the GST Council will be...