Economic Concepts

November 13, 2015

Voluntary Provident Fund

Voluntary Provident Fund (VPF) refers to the voluntary contribution that an employee makes towards his Provident Fund Account over and above the mandatory 12% of his basic salary. VPF is fixed at a proportion of the salary and its percentage…

October 2, 2015

Gross Irrigated Area and Net Irrigated Area

We can classify the irrigated area into gross and net irrigated area. The Net Irrigated Area is the actual land area on which irrigation was used for growing crops for as many times as many in an agricultural year {Agricultural…