GS-III: Indian Economy & Development

Last modified: Jan 08, 2018

This article discussed various methods of Tax avoidances and problem of Transfer pricing and its implications on India's tax revenues. Methods of Tax avoidances Tax Havens: Route profits through subsidiaries located in tax havens No Repatriation of Profits: Companies headquartered in the US give a declaration to the tax a…
Last modified: Jan 08, 2018

About 40%-50% of India's 1.25 billion population is eligible to open a bank account, but is still unbanked . In the Union Budget 2014-2015, the finance minister Arun Jaitley announced that RBI will create a framework for licensing small banks and other differentiated banks. The objective of differentiated banks was…
Last modified: Jan 08, 2018

On 27 November 2014, RBI had released the guidelines on Small Finance Banks along with the Payment Banks. The objective of small finance banks is to further financial inclusion by providing: Basic banking facilities to the unbanked and thereby boosting saving habits. Supply of credit to small business units, small…
Last modified: Jan 08, 2018

Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the Reserve Bank and within a year, the government intends to come out with a legislation to convert the NBFC into a bank.The…
Last modified: Mar 24, 2018

Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the Reserve Bank and within a year, the government intends to come out with a legislation to convert the NBFC into a bank.…
Last modified: Jan 23, 2018

In recent years, several factors have driven the horticulture production to boost up over the foodgrain production in the country. Statistics have shown that the production of horticulture has overtaken that of foodgrains in the year 2014-15 by a whopping 31 million tonnes. In fact, this was the third financial…
Last modified: Jan 08, 2018

Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) has been launched in September 2015 for the welfare of tribals and other affected persons in mining areas. Under this scheme, the mining companies will need to contribute 10 to 30% of royalty for welfare of people directly or indirectly affected by mining. Background…
Last modified: Jan 08, 2018

DELP programme has been launched in several states (Maharashtra, Rajasthan, Himachal Pradesh, Uttar Pradesh, Delhi) to replace the regular bulbs and CFL lights with LED lights. The programme is being implemented by  Discoms in association with Energy Efficiency Services Limited (EESL). LED lights are given at lower than market price…
Last modified: Jan 08, 2018

The Union Transport Ministry is planning to complete all the stalled highway projects under a new model called Hybrid Annuity Model. This model was proposed last year and is a mix of BOT (Built Operate Transfer) and EPC (Engineering, Procurement and Construction) model. Comparing the models Currently, there are three…
Last modified: Mar 01, 2018

JAM is an acronym which stands for Jan Dhan Yojna, ADHAAR and Mobile number. It is seen as the biggest reform regarding direct subsidy transfer in terms of cash. Currently there are multitude of subsidy schemes running for the poor through multiple channels. This entails a huge cost along with…