Economy

Minimum support price is the government scheme to safeguard the interest of the farmers. GOI declares the MSP of various agricultural produce and assures the farmers that their agriculture produce will be purchased at the MSP. The Food Corporation of India acts as the Nodal agency of the GoI. MSP scheme is implemented through state … Read more

SFIO stands for serious frauds investigation office. It is a investigation agency which is under the jurisdiction of ministry of corporate affairs.  The mandate of SFIO is as under: The SFIO is involved in major fraud probes and is the co-ordinating agency with the Income Tax Department and the Central Bureau of Investigation. It is … Read more

Major advantages:   It will help to regulate the highly unregulated real estate sector. Will help to deal with the undue delay in project implementation. Will help to streamline the data of the project across the country and hence will bring homogeneity and rule bas e pricing in the sector. It will enhance the transparency … Read more

    Establishment of state level regulatory authorities- Real Estate Regulatory Authority (RERA)- the Act provides for State governments to establish more than one regulatory authority Functions: Register and maintain a database of real estate projects; publish it on its website for public viewing, Protection of interest of promoters, buyers and real estate agents development … Read more

:  Government budget is the annual financial statement presented by the finance minister which contains the following figure: Actual estimate for FY 2017-18 Budget estimate for FY 2018-19 and Revised estimate for FY 2018-19 Budget estimate for FY 2019-2020   The budget is divide into two parts:   Revenue budget Capital budget  

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Protectionist policies help immune the producers, businesses, and workers of the import-competing sector in the country from foreign competitors.   Impact on India   Positive: India has … Read more

Monetary transmission refers to the process by which a central bank’s monetary policy decisions are passed on, through financial markets, to businesses and households.     A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. Instances of people losing their hard-earned money to Ponzi schemes keep … Read more

Recapitalisation plan is a mechanism to deal with the problems of NPA in the financial institutions. It is one of the four R’s to address the issue of NPA’s.  In Oct,17 Centre has announced a 2.11 lakh crore recapitalisation plan for the public sector banks over the next two years. The recapitalisation plan is a … Read more

Objectives of the Agriculture Export Policy are as under: To double agricultural exports from the present US $ 30+ Billion to US $ 60+ Billion by 2022 and reach US $ 100 Billion in the next few years thereafter, with a stable trade policy regime. To diversify our export basket, destinations and boost high value and value-added agricultural exports … Read more

  Changes in the Income tax act: one of the condition for resident of India was leading to creation of shell companies i.e. during a financial year, a company shall have management of its affairs wholly in India. This provision was leading to creation of shell companies.   Ministry of Corporate Affairs (MCA) and Central … Read more