Economy

To ensuring a fair playing field, the Competition Commission of India endeavours to do the following: Make the markets work for the benefit and welfare of consumers. Ensure fair and healthy competition in economic activities in the country for faster andinclusive growth and development of economy. Implement competition policies with an aim to effectuate the … Read more

It was proposed by a panel led by PNB chairman Sunil Mehta to address the bad loansproblem in India’s banking sector Public sector banks (PSBs) will need an additional capital of Rs 1.1-1.3 trillion over thenext two years to implement a five-point strategy to tackle bad loans, a committeereport on project ‘Sashakt’ has recommended.  … Read more

The process started instantly after Independence, with the setting up of the Industrial Finance Corporation (IFCI) in 1948 to embark on long term term-financing for industries. State Financial Corporations (SFCs) were formed under an Act that came into effect from August 1952 to endorse state-level, small and medium-sized industries with industrial finance. In January 1955, … Read more

Advantages of formalization Increased tax revenues for the government due to better reporting under taxation laws Coverage of population under social protection plans, saving from financial distress during difficult times Increase workers’ welfare and the opportunities for decent jobs Reduce unfair competition between formal and informal enterprises arising from tax or regulatory arbitrage Downsides of … Read more

Rural people in India depend on a wide range of bioresources for their nutrition and livelihood security.  The report recommends: Preserving traditional rights of access to biodiversity, which include access to non-timber forest products including medicinal plants, gums and resins, oil yielding plants and beneficial micro-organisms; Conserving, enhancing and improving crops and farm animals as … Read more

Over the years, the government has gradually withdrawn from direct management of public institutions, devolving governance to boards compromising academics, alumni and external members. Instead, it exerts indirect forms of control based largely on mechanisms such as performance-linked funding and quality recognition. The erstwhile regulatory regime of multiple bodies with conflicting and overlapping mandates has … Read more

Non-Tax Revenue: Interest Receipts: This largest non-tax source of Central Government’s revenue receipts is the interest it earns mainly on the loans it has advanced to State Governments, to financial and industrial enterprises in the public sector. Surplus Profits of the Reserve Bank of India (RBI): The surplus profits of the RBI is also a … Read more

Tax Revenue: Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commo­dities produced within the country, but exclu­ding those commodities on which State excise is levied (viz., liquors and narcotic drugs). The most important commodities from the revenue point of view are sugar, … Read more

Characteristics of a Healthy work Culture A healthy work culture leads to satisfied employees and an increased productivity. Employees must be cordial with each other. One must respect his fellow worker. Backbiting is considered strictly unprofessional and must be avoided for a healthy work culture. One gains nothing out of conflicts and nasty politics at … Read more

Discrimination against women and girls is a pervasive and long-running phenomenon that characterises Indian society at every level.  India’s progress towards gender equality, measured by its position on rankings such as the Gender Development Index has been disappointing, despite fairly rapid rates of economic growth. In the past decade, while Indian GDP has grown by … Read more