Cooperative federalism emphasises collaboration between the Union and states for national goals, while competitive federalism promotes healthy rivalry among states to attract investment and improve governance. Both are essential for balanced development in India’s federal structure.

Cooperative federalism emphasises collaboration between the Union and states for national goals, while competitive federalism promotes healthy rivalry among states to attract investment and improve governance. Both are essential for balanced development in India’s federal structure.

Stagflation is an economic condition where high inflation occurs alongside stagnant or declining economic growth and high unemployment

The Anti-Defection Law, in the Tenth Schedule of the Constitution, disqualifies legislators who defect from their parties. However, if two-thirds of a party’s legislators agree to merge with another party, they are exempt from disqualification. This provision, intended for genuine party mergers, is often exploited to engineer mass defections and bypass the law’s purpose.

Fiscal dominance occurs when the central bank’s monetary policy decisions are constrained by the government’s high borrowing requirements. In such cases, controlling inflation becomes secondary to ensuring low interest rates for government debt, potentially undermining price stability.

Where enough is not left for private. Then private goes out from the business