Moradabad IAS

INDEX- Nature of the Indian economy   Nature of present conflict between India and the US & Precarious trading concerns for India   The shadow effect of growing India-China relations   GST council -driven Tax+Trade+Economic reform    Outcome    Observation   👉 ALL  PAGES- LINKS   INDEX 👀 India is a consumer-based economy, and this is also a fact about the US economy, where both economies are matched to each other based on their respective consumer bases.  Against it, - China is an export-driven economy,  which means, above all facts, China always needs a market for the expansion of its economy, in addition to it  It is also a fact that China is continuously trying to transform itself into a consumer-based economy.   It is a primary need of every economy , also true about the US and Indian economy, to search new markets because every economy needs new market, but...

  👉 ALL  PAGES- LINKS   INDEX 👀 Following the "words of command" of Prime Minister Narendra Modi on 15 August 2025, Independence Day speech from Red Fort , the  56th Meeting of the GST Council  was held at New Delhi on -3 September 2025, where the following decisions were taken- The GST council has approved a multisectoral and multi-thematic focus  to improve the common citizens' lives and  Ensure the ease of doing business for all, particularly on the radar are small traders and businessmen. 👉 NCERT-GEOGRAPHY-CLASS -07-LINK-PAGE   👀 The GST rate rationalization focuses on - the common man,  labor-intensive industries,  farmers -& agriculture,  health, and  The rest key drivers of an economy. Exemption of GST on all individual Life insurance policies and health insurance policies. With respect to a life insurance policy ,  whether it is in respect of term life, or ULIP- Unit Linked Insurance Plan- and...