Economy

  Tax avoidance Tax evasion Legal way of saving taxes. Illegal in a financial system Recording of income Not recording of income. Help in saving, at the same time money can be channelized for economic growth Help in saving, but since money is not accounted. Money cannot be channelized for economic growth.   Positive extrenalities … Read more

Disinvestment is the practice of selling of shares by an organisation ( generally used for government) to the private sector. Disinvestment is de-nationalization of less than 100 per cent ownership transfer from the state to the private sector. The objective of disinvestment is to mobilise the resources, To use the resources for productive purposes like … Read more

Globalisation means integration of economies and societies through cross country flows of information ,ideas ,technologies , goods, services, capital finance and people. The current wave of globalisation, which started after 1991had profound effects on the labour market and the employment situation of workers all over the world. The changes in pattern of employment and labour … Read more

There is no tool for development more effective than the empowerment of women. Development is incomplete without rendering gender equality. It is a myth when 50% of the biological stream is lagging behind due to unavailability of equality of opportunity. According to the economic survey 2017-18, there are 24% women workforce as compared to men. … Read more

Aviation sector is one of the promising sector in India. This sector faced a growth rate of 20%  per annum in passenger traffic. As per IATA, India will become the 3rd largest aviation market in the world interms of passenger by 2026. Above data clearly states that aviation sector is not under stressed. The opportunities … Read more

PPP is public private partnership where a private entity enters into a contract with a government entity to provide public asset or service in which the private party provides its managerial expertise and operational efficiency.   Remuneration in this is linked to performance. PPP model was envisioned for infrastructure sector but now it is present in … Read more

:  According to a report of Oxfam international , India’s richest now hold 58% of country’s wealth. 57 billionaires in the country have the same wealth as that of the bottom 70% population, Wealth inequality is a serious issue. The reasons for wealth inequality are: Growing incidence of Tax avoidance and Tax evasion Existence of … Read more

Even though India has experienced a high growth period in the last 15 years but its employment elasticity has remained on lower side. The period is sometimes termed as Jobless growth period. Following are the reasons for unemployment in India: Low productivity in agriculture. Disguised unemployment in agriculture is a serious issue. More than 48% … Read more

The industrial sector has performed poorly in the reform period because of decreasing demand of industrial products due to various reasons’ such as cheaper imports, inadequate investment, infrastructure etc. India is a founder member of WTO and in facilitating globalisation of Indian Economy, India like other developing countries is compelled to open up its economy … Read more

Black money is defined  as assets or resources that have neither been reported to the public authorities at the time of their generation nor disclosed at any point of time during the possession. The problem with  black money is huge . It has serious socio-political and economic implications. According to sources the estimate of GDP … Read more