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🅾️Concept of Gross State Domestic Product (GSDP)
◾️With greater fiscal flexibility and expanded fiscal spaces, States will provide multiple and faster engines for growth and transforming India in the
"Amrit Kaal"
🔴'Special Assistance to States for Capital Expenditure' revised as 'Scheme for Financial Assistance to States for Capital Investment'✅️
🔵What is 'Unity Mall' ?👆
🔹 Rationalisation of Centrally Sponsored Schemes(CSS)
🔹Cooperation to boost capital expenditure in States
✴️ Look at the graph of fiscal transfers from Union to States (observe the trends)
🔷 Recommendations of 14th and 15th Finance Commission and the difference between them✅️
🔵Mains:How NITI Aayog act as a harbinger of coopertive federalism?
💢Important 👆
🟨 Channels of Intergovernmental Transfer
•• Tax Devolution
•• Grant in Aid
•• Other transfers including Centrally Sponsored Schemes✅️
🔷 Article 246,Article 246 A anf the Seventh Schedule of the Constitution delineate taxation powers between the Centre and the States.
🔰Fiscal Federalism refers to fiscal relations between various government units -Union Government and State Governments
Yojana Capusle 36:
Cooperative Fiscal Federalism
Yojana Capusle 35:
Laying the foundations for India's Amrit Kaal✅️
✍️Lines to beautify your 'MAINS'
📚Theme:Need Vs Greed
#Ethics #Essay #Mains
He was tortured for 40 days by Aurangzeb for getting converted, his skin was peeled, his nails removed but he did not convert. History shall never forget him.
🙏🙏🙏
Chhatrapati Sambhaji Maharaj
🙏Today is the Punya Tithi(Death Anniversary of the great Hindu king Sambhaji Maharaj.
🙏Very little is mentioned in our history about the heroics of the Chhatrapati Shivaji Maharaj's great son Sambhaji Maharaj.
🅾️The Indian Economy has undergone a transformative process of New Age reforms in the last eight years
🔵Broad principles behind these reforms were👇
👉creating public goods
👉adopting trust-based governance
👉co-partnering with the private sector
👉improving agricultural productivity
🔵At this juncture of its economic journey, Indian Economy has started benefitting from the efficiency gains resulting from greater formalisation, higher financial inclusion and economic opportunities created by digital technology -based economic reforms. It is now prepared to grow at its potential in the medium term
🅾️Vivad Se Vishwas Scheme
1 & 2
👉India contributed only about 4% in the cumulative global emissions (for the period 1850-2019) and maintaining its per capita emission at far less than the world average
🅾️Prelims👇
• National Green Hydrogen Mission
• Green Credit Program
• PM-PRANAM
• GOBARdhan Scheme
🅾️Ladakh serves as prime location for solar energy projects and there has been provision for setting up of inter-state transmission lines thus integrating the long-sequestered UT into the power grid.
Note: India has been one of the few countries where technology and digital connectivity innovation has been and continues to be led by the public sector
(Imporatnt PRELIMS Liner )
🅾️ Prelims👇
• Urban Infrastructure Development Fund (UIDF)
• 'Jan Vishwas Bill'
•Udyam Portal
🅾️ Focus for Prelims 👇
• National Infrastructure Pipeline (NIP)
• National Monetisation Pipeline (NMP)
• Infrastructure Investment Trusts (InvITs)
• Real Estate Investment Trusts(REITs)
• National Bank For Financing Infrastructure and Development (NaBFID)
🔵 Budget 2023-24 has displayed deft fiscal management and reiterated its commitment to fiscal prudence and responsibility while not losing sight of medium-term growth✅️
🅾️Look at the graph showing Fiscal prudence (Effective Capital Expenditure and Fiscal deficit) FY-2021 has a spike in fiscal deficit while graph of effective capital expenditure is going more or less smooth
*What is Effective Capital Expenditure : It includes the capital expenditure of the Central Government and Grants in aid for the creation of capital assets✅️
Yojana Capsule 35: Foundations for Amrit Kaal✅️
Available now! Telegram Research 2025 — the year's key insights 
