PRELIMS REVISION_ECONOMY(Inflation)

INFLATION

Deflation

Disinflation

Core Inflation

Stagflation

Phillips Curve

Inflationary Gap

Inflation Tax

WPI

CPI

PPI

Inflation Targeting

MPC

Financial Repression

Base Effect

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Major Literary Works & Authors in Gupta Period

Major Literary Works & Authors in Gupta Period The Gupta period was known as the Golden period of India in cultural development. It is considered as the one of the supreme and most outstanding times. Gupta Kings patronized the Sanskrit literature. They generously helped Sanskrit scholars and poets. Eventually Sanskrit language became the language of cultured and educated people. Kalidasa He was a Classical Sanskrit writer, extensively considered as the greatest poet and dramatist of Gupta Period. The six major works of Kalidasa are Abhijnanashakuntala Vikramorvashi Malavikagnimitra The epic poems Raghuvamsha Kumarasambhava Meghaduta Vishakhadatta The famous plays of Vishakhadatta are Mudrarakṣhasa Mudrarakshasha means “Ring of the Demon” and it recites the ascent of Chandragupta Maurya to throne. Shudraka He is a king as well as poet The famous three Sanskrit plays contributed by him are Mrichchhakatika (The Little Clay Cart) Vinavasavadatta A bhana (short one-act monologue) Padm

29th June- Current Affairs

29 th June- Current Affairs Aruna Sundararanjan committee : Ø Mandate: To review levies, including spectrum usage charge (SUC), and promote ease of doing business in the telecom sector. Ø Composition: The committee will be headed by Telecom Secretary Aruna Sundararajan. Ø Background: · The telecom sector has been undergoing financial stress for a long time. · The reduction of levies and fees, including licence fee, SUC and universal service levy, has been a long-standing demand of the industry, along with review of the definition of aggregated gross revenue Ladakh Singhey Khababs Sindhu Festival : Ø It is a tourist's promotional festival in Ladakh region of Jammu and Kashmir. Ø It is celebrated on the bank of Indus River at Leh. Ø It is celebrated every year since 1997 for 3 days in the month of June. Ø Folk songs and dances are performed and local handicrafts and ethnic foods are being exhibited before the tourists d

Only those who can deliver should rule

Only those who can deliver should rule “ The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.” In a political system when we say “Only those who can deliver should rule ”, there are some questions that comes to our mind that are: 1. What is to be delivered? 2. Who can deliver? 3. Who will check the delivery? 4. Who should rule? These questions carry different perspectives as the answers to each one of them can be different for different persons. So, without thinking of arriving at a consensus, we should examine different aspects of each of the questions separately. What is to be delivered? ● Priorities are different for different people. ➔Our society contains a vast number of people having different interests and needs. Different people have different needs and we can't fulfill the needs of each one of them. ➔Despite of all this, there are some common needs that the people and the soc

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