Current Affairs Quiz 16 June 2026
Daily Current Affairs Quiz Prelims Practice 2027 Score: 0 / 0 Q1 Consider the following statements about surface (tropospheric) ozone: It is a secondary pollutant, not emitted directly by vehicles or industries. It forms when sunlight drives reactions among nitrogen oxides and volatile organic compounds. It is a greenhouse gas and is harmful to crops. […]
Current Affairs 16 June 2026
Current Affairs Analysis 16 June 2026 | UPSC CSE — GS Papers 1, 2 & 3 Contents 16 June 2026 India’s Health Transformation — Towards Universal Health Coverage GS2 Nicobarese Tribal Councils — Draft Electoral Rules, 2026 GS2 Artemis III — NASA Names Crew, Restructures as Earth-Orbit Test GS3 Project Kusha — Extended Range Air […]
The Union Budget: Annual Financial Statement & Grants
UPSC Polity + Economy · GS Paper II & III The Union Budget Annual Financial Statement, Stages & Grants The Union Budget is the government’s annual plan of income and spending — the “Annual Financial Statement” under Article 112. This guide explains, in plain language, the constitutional basis, the six parliamentary stages, charged vs voted […]
Fiscal Deficit: Meaning, Calculation & Financing
UPSC Economy · GS Paper III Fiscal Deficit Meaning, Calculation, Causes & Financing The fiscal deficit is simply the gap when the government spends more than it earns — and therefore its total borrowing requirement for the year. India has cut it to 4.3% of GDP (FY27), finally below the long-standing 4.5% goal, on the […]
Key Concepts in Fiscal Management: Debt-to-GDP & Tax Buoyancy
UPSC Economy · GS Paper III Key Concepts in Fiscal Management Debt-to-GDP, Tax Buoyancy & Tax Expenditure Three metrics reveal the health of India’s public finances: how heavy its debt is (57.1% of GDP), how efficiently it collects tax (buoyancy 2.12), and how much revenue it gives away through exemptions (1.15% of GDP). Together they […]
Types of Budgets: Methods, Focus & Balance
UPSC Economy · GS Paper III Types of Budgets Methods, Focus & Balance A budget can be classified three ways — by how it is prepared (zero-based, outcome, performance), by whose interests it tracks (gender, child, green), and by its balance (surplus, deficit). India’s Gender Budget hit a record ₹5.01 lakh crore in FY27, 9.37% […]
Resource Mobilisation: Meaning, Types & Challenges
UPSC Economy · GS Paper III Resource Mobilisation Meaning, Types, Sources & Challenges Resource mobilisation is the process of acquiring and optimising financial, human, and natural resources to achieve developmental goals. Its key sources span taxation, savings, FDI, and disinvestment — backed by initiatives like DBT, NIP (₹111 lakh crore), NMP, PPP, and PMJDY. 🛣️ […]
Fiscal Policy & Public Expenditure — FRBM Act (UPSC)
UPSC Economy · GS Paper III Fiscal Policy & Management Public Expenditure & the FRBM Act Good fiscal management is about the quality of spending, not just its size. India has pivoted toward capital expenditure (now 23.3% of total spending) and anchored discipline in the FRBM Act, 2003 — even as combined debt sits near […]
Government Budgeting: Components, Deficits & Discipline
UPSC Economy · GS Paper III Government Budgeting Components, Deficits & Fiscal Discipline The Union Budget — the Annual Financial Statement under Article 112 — splits into a Revenue and a Capital account. Mastering how the government earns, spends, and bridges the gap (its three deficits) is non-negotiable. India’s fiscal deficit has been pared to […]
Fiscal Policy in India: Objectives, Types & Instruments
UPSC Economy · GS Paper III Fiscal Policy in India Objectives, Instruments, Types & Cyclicality Rooted in Keynesian economics, fiscal policy is the government’s use of spending, taxation, and borrowing to steer growth, stability, and equity. India’s current stance is capex-led consolidation — a fiscal deficit of 4.3% of GDP (FY27) under a new debt-to-GDP […]