Licchavi Lyceum

ll

Licchavi Lyceum

Economy

SIPRI: Roles and Reports

SIPRI, which stands for the Stockholm International Peace Research Institute, is a non-profit organization that specializes in research and analysis on peace and security issues. Founded in 1966, the institute is dedicated to advancing the cause of peace through research, publications, and conferences. In this article, we will discuss SIPRI and its importance in the …

SIPRI: Roles and Reports Read More »

National Income Accounting

National Income Accounting is a method used to measure and analyze the economic activity of a country or region. It involves the collection, recording, and analysis of economic data to determine the size and composition of a country’s economy, and to track changes in economic activity over time. What is National Income Accounting? National Income …

National Income Accounting Read More »

Types of Economy

An economy is the system through which goods and services are produced, distributed, and consumed in a country or region. Different countries organize their economies in different ways, depending on their political ideologies, goals, and levels of development. Broadly, economies are classified into three main types: Capitalist, Socialist, and Mixed Economy. Market Economy In a …

Types of Economy Read More »

What is Economics?

Economics is the study of how individuals, businesses, governments, and societies make choices about using limited resources to meet their needs and wants. At its core, economics deals with the problem of scarcity—resources like time, money, labor, and raw materials are finite, but human wants are virtually unlimited. This basic problem gives rise to the …

What is Economics? Read More »

Liberalised Remittance Scheme (LRS)

The Liberalised Remittance Scheme (LRS) is a facility provided by the Reserve Bank of India (RBI) that allows resident individuals to remit money outside India for various purposes. Under this scheme, individuals can remit up to USD 250,000 per financial year (April-March) for permissible transactions. What is Remittance? Remittance refers to the transfer of money …

Liberalised Remittance Scheme (LRS) Read More »

Distribution of Coal in India

Coal is a black or brownish-black sedimentary rock composed primarily of carbon along with various other elements, such as sulfur, hydrogen, oxygen, and nitrogen. In this article, we will discuss about the Distribution of Coal in India.  Types of Coal Coal is formed from the remains of ancient plants and is classified into four main …

Distribution of Coal in India Read More »

Coal Production in India

Coal is a significant contributor to India’s economy, accounting for a significant portion of its energy needs. India is the world’s second-largest producer of coal, with production reaching 729 million tonnes in the fiscal year 2019-2020. The country’s coal production is mainly focused in the eastern and central parts of the country, where large reserves …

Coal Production in India Read More »