Inflation and Public Finance Explained | UPSC EPFO | Sam Sir | Veranda IAS

Welcome to Veranda IAS! In this session, we continue our Indian Economy series with Class 02 focusing on National Income Accounting. Understand the core macroeconomics concepts required for UPSC, TNPSC, and other competitive examinations with practical, real-life examples. 📌 What You Will Learn in This Video: Recap of National Income Accounting concepts How GDP (Gross Domestic Product) is calculated in real-life scenarios Understanding Value Added / Product Method Differences between Factor Cost and Market Price Net Factor Income from Abroad (NFIA) and its role in GNP & GDP 🔔 Subscribe to Veranda IAS for comprehensive UPSC & TNPSC preparation in Tamil and English! Veranda IAS - Academy for Civil Service Aspirants (ACSA) India's 1st AI Powered Performance Analytics to map your Preparation strategy UPSC Online Evening Classes https://verandaias.com/upsc-online-co... TNPSC Group 1 Online & Offline Classes https://verandaias.com/tnpsc-group-1-... Veranda IAS - Academy for Civil Service Aspirants (ACSA) India's 1st AI Powered Performance Analytics to map your Preparation strategy Mr. U. Sagayam IAS (VR) Chief Mentor, Veranda IAS. Call: 75500 03198 UPSC CSE (UPSC Civil Services Exam) & TNPSC Group 1 ✅ Offline Coaching Programme. ✅ Online Live classes (Evening). ✅ Prelims Test Series Our UPSC Coaching Programme Covers 👉 General Studies - Prelims & Mains, CSAT & Interview Integrated Course. 👉 Admissions open 2026-27 Our TNPSC Group 1 Coaching Programme covers 👉 General Studies - Prelims & Mains, & Interview Integrated Course. 👉 Admissions open 2026-27 Don't forget to subscribe to Veranda IAS for more updates on UPSC and TNPSC exams. For information on our online and offline classes, contact the number shown in the video! Video Timestamps 00:00 - Introduction & Recap of Previous Class 01:06 - Real-Life Scenario: Calculating GDP & Value of Production 07:24 - Base Year Concept & Price Fluctuations 12:35 - Real GDP vs Nominal GDP Explained 17:40 - Understanding Inflation & Price Rise 19:15 - Demand-Pull Inflation vs Cost-Push Inflation 27:32 - Definition & Practical Concept of Inflation 29:05 - Effects of Inflation (Savers, Borrowers & Investments) 39:06 - Types of Inflation (Creeping, Walking, Galloping & Hyperinflation) 41:40 - Deflation vs Disinflation 44:03 - Headline Inflation vs Core Inflation 45:49 - Measuring Inflation: CPI (Consumer Price Index) 51:34 - Measuring Inflation: WPI (Wholesale Price Index) 52:47 - GDP Deflator Formula & Calculation 54:53 - How to Control Inflation (Monetary & Fiscal Measures) 58:05 - Previous Year Questions (PYQs): Inflation & Price Indices 01:00:46 - Government Budgeting: Constitutional Provisions (Art. 112, 110, 114) 01:04:54 - Stages of Budget Passage in Parliament 01:07:51 - Parliamentary Grants (Supplementary, Additional, Excess & Vote on Account) 01:10:45 - Cut Motions (Policy Cut, Economy Cut & Token Cut) 01:14:23 - Government Funds: Consolidated, Public Account & Contingency Fund 01:17:22 - Charged Expenditure & Role of CAG 01:19:00 - Revenue vs Capital Receipts & Expenditures 01:20:48 - Deficit Concepts: Fiscal Deficit vs Primary Deficit 01:23:09 - Budgeting Previous Year Questions (PYQs) & Conclusion Follow us on: Telegram : https://t.me/+kI8SOOJYrZE3ZmM9 Instagram : https://www.instagram.com/verandaias/... Facebook :   / verandaias   Twitter : https://twitter.com/VerandaIAS?t=4VfM... Inflation and Public Finance Explained | UPSC EPFO | Sam Sir | Veranda IAS #Inflation #PublicFinance #UPSCEPFO #VerandaIAS #SamFaculty #EPFOTopic #InflationandPublicFinanceOctober8thSubTopic (National Income Accounting, National Income UPSC, GDP GNP NNP NDP Explained, National Income Calculation Methods, Value Added Method GDP, Real GDP vs Nominal GDP, Factor Cost vs Market Price, UPSC Economy Lectures, EPFO Economy Preparation, Macroeconomics UPSC, Veranda IAS Economy, Indian Economy Basics)