Economy of India

Agricultural Biosecurity Bill, 2013

December 15, 2013

The inflow of pests/diseases of plants and animals into countries through imports is considered one of the biggest threats to diversity, leading to huge economic losses. All of you must know that the weed Parthenium hysterophorous, called Gajar Ghas is a highly prevalent invasive species in India. This species...

Village Buddha

December 15, 2013

Prof. Shoji Shiba is an international expert in Total Quality Management (TQM) and Breakthrough Management. Globally he is best known for developing the “Five Step Discovery Process” for Breakthrough Management. Awarded by Padma Shri Award in 2012 by Government of India, Shoji Shiba has been guiding the transformation of...

General Knowledge of Basel III

December 15, 2013

The role of banks in global and national economies is very important. The banking industry holds reliance of the entire economy and it is important for the authorities to maintain control over the practices of banks. The most common objectives of banking regulations are as follows: Prudential Objectives:to reduce...

Economic Analysis of Direct Cash Transfer scheme

December 15, 2013

The objectives of the Direct Cash Transfer scheme are noble. The thrust is on transition from the creaky, product-centered subsidies to a system of electronic, direct cash transfers to the needy people. The proponents hail the scheme as a panacea to all current problems. The expectations from this scheme...

Gas Pricing in India

December 15, 2013

India is the world’s seventh largest energy producer, accounting for 2.49% of the world’s total annual energy production. Natural gas has emerged as the most preferred fuel due to its inherent environmentally benign nature, greater efficiency and cost effectiveness. Natural gas is a scarce resource in India and Govt....

Special Category States

December 15, 2013

The Special Category states was introduced in 1969. So far extended to 11 states including seven North East states viz. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura and the border states of Himachal Pradesh, Jammu and Kashmir and Sikkim as well as Himalayan state of Uttarakhand. Special...

General Anti-Avoidance Rules (GAAR)

March 8, 2013

GAAR refers to General Anti-Avoidance Rules. These rules target any transaction or business arrangement that is entered into with the objective of avoiding tax. The objective is to check aggressive tax planning. What is meaning of Tax Avoidance? Avoidance means an attempt to reduce tax liability through legal means,...

Nutrient Based Subsidy Scheme

September 23, 2012

The government recently said that it plans to appoint an independent agency to assess the price behaviour of crop nutrients after the introduction of nutrient-based subsidy (NBS) scheme in 2010. It’s worth note that there has been unprecedented hike in prices of non-urea fertilisers after the introduction of NBS...

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