Author: Nitesh Rana

Market Structure

In economics, market structure depends on the number of organizations making a particular type of product. Types of Market Structures are as follows – Monopoly Oligopoly Monopsony Oligopsony Perfect Competition Monopoly–  exists when a...

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...

Budget 2016

India is being looked upon as the source of growth for the otherwise declining economy in many parts of the world. Despite lack of rainfall for two consecutive years and unfavorable global conditions, India...

Battle of Panipat

Panipat is a city in Haryana that holds significant historic importance. It is 90 kms north of Delhi. The three battles fought here were key milestones in modern Indian History. The city is also...

Law Commission of India

The Government of India has established the Law Commission. Its functions to ensure legal reforms in India. The members are legal experts who are given a set guidelines and working procedures by the Government...

Nirvana

Buddhists perceive life as samsara, that signified limitless wandering in this world and the various transitions that are interconnected. These transitions are affect by each other. There is a continuous cycle of cause and...

Equatorial Counter Current

Equatorial counter current is a current phenomenon noted near the equator, an eastward flow of oceanic water in opposition to and flanked by the westward equatorial currents of the Atlantic, Pacific, and Indian oceans. It...

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