The Economy of Russia: Implications for the Civil Services Exam 2026 Russia's economy is a complex tapestry shaped by its vast natural resources, historical legacies, and contemporary geopolitical dynamics. As candidates prepare for the Civil Services Exam 2026, understanding the intricacies of Russia's economic structure, its challenges, and its global impact is crucial. This article delves into key aspects of the Russian economy and how they relate to broader international contexts. Overview of the Russian Economy Russia is the world's largest country by land area and possesses an abundance of natural resources, notably oil, natural gas, and minerals. The economy is characterized by a mix of state control and market mechanisms, with the government playing a significant role in key sectors. #### Key Sectors 1. **Energy Sector**: - Russia is one of the leading producers of oil and natural gas, with state-owned companies like Gazprom and Rosneft dominating the market. ...
Highlights of The Interim Budget 2014-15 The Union Finance Minister, Shri P. Chidambaram here today presented the Interim Budget 2014-15 that shows an Estimated Plan Expenditure of Rs. 5,55,322 Crore and Non-Plan Expenditure of Rs. 12,07,892 Crore Fiscal Deficit to be Pegged at 4.1% and The Revenue Deficit at 3% The fiscal deficit (of current financial year) at 4.6% and The revenue deficit (of current financial year) at 3.3%. The fiscal deficit during 2014-15 will be below the target set by the fiscal consolidation path. Major Economic Initiatives in the Current Financial Year Public Sector Enterprises Achieve a New Record in Capital Expenditure • About 50,000 MW of Thermal and Hydelpower capacity is under construction and 78,000 MW of power capacity has been assured coal supply. • The FDI policy was liberlised. • Approval was granted to establish two semi-conductor wafer fab units. • IT modernization of the Department of Posts w...