Cashless Economy is when the flow of cash within an economy is non-existent and all transactions have to be through electronic channels such as direct debit, credit and debit cards, electronic clearing, and payment systems such as Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) in India. As […]
Rights since India’s independence, the growth in agriculture has been roughly in the range of 1.7 to 4%. The below graphics shows the growth of agriculture sector vis-à-vis the growth in overall GDP in different decades. One notable point is that out of all the five year plans India made so far; growth targets in […]
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 is originally a native to the […]
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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 the Indian manufacturing industry in recent […]
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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 the level of risk to bank […]
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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 are as follows: There is widespread […]
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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. of India plays an important role […]
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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 category status enhances the resource capability […]
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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, i.e. to regulate your affairs in […]
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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 scheme. The minister of state for […]
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