14-Jul-2020 13:36:24 PM
11-Jul-2020 14:03:43 PM
06-Jul-2020 22:18:55 PM
05-Jul-2020 21:48:18 PM
04-Jul-2020 09:46:06 AM
29-Jun-2020 20:44:34 PM
This is the annual report of Niti Aayog for FY 2019-20. You can use this as a reference document for pre and mains both.
28-Jun-2020 13:59:20 PM
19-Jun-2020 19:53:21 PM
1) India's imports from China is $65 billion and exports is $16 billion, making it a total trade between India and China worth $ 81 billion 2) Our imports is getting localized/concentrated mostly from China (and few other countries). And India imports wide variety of things from China, from capital goods, machinery, machinery, consumer goods etc. 3) China started industrializing in 1990s (reforms initiated in 1978)...........by moving its surplus labour from Agriculture to Industries (labour i
13-Jun-2020 10:50:49 AM
When Central govt was planning to introduce GST, states were worried that after implementation of GST the tax revenue of States may fall and they will not have the freedom under GST regime to impose extra taxes. So, government of India........... calculated the tax revenue growth of State's indirect taxes from 2012-13 to 2013-14, 2013-14 to 2014-15 and 2014-15 to 2015-16......... i.e. for three years and there was on an average growth of 14% compounded annually. So, Govt. of India promised Sta
useful link: https://indianexpress.com/article/business/economy/gst-council-states-covid-19-indian-economy-6456308/#:~:text=In%202020%2D21%2C%20the%20combined,estimate%20and%20states'%20protected%20revenue.&text=Instead%20of%20funds%20for%20the,the%20GST%20Council%20could%20borrow.
05-Jun-2020 10:40:15 AM
the above news relates to the PLFS survey done for the period July 2018 - June 2019 and its report released in June first week of 2020. And as per this survey for 2018-19: *Unemployment Rate = 5.8% *Labour Force Participation Rate = 37.5% *Women's Unemployment Rate = 5.2% *Male's Unemployment Rate = 6% *Urban Unemployment Rate = 7.7% *Rural Unemployment Rate = 5% It is to be noted that there is improvement in all the above
03-Jun-2020 21:38:28 PM
19-May-2020 21:21:01 PM
Aatmanirbhar Bharat Part 3 - Agriculture and Allied sectors
16-May-2020 12:35:08 PM
Economic Stimulus package for Poor, Migrants and farmers
15-May-2020 13:19:38 PM
The Economic Stimulus Package in the name of "Aatmanirbhar Bharat" is worth Rs. 20 lakh crore (which is 10% of GDP of 2019-20 i.e. Rs. 200 lakh crore). The measures/package announced yesterday is just one part of the total package which means there will be further announcements in the days to come. Rather than reading this package from various newspapers, you can refer the above PDF directly (which is from govt. source i.e. PIB). Ofcourse its impact and analysis you can read from the different
06-May-2020 20:31:14 PM
Petroleum products (Petrol, Diesel, LPG etc.) are out of GST which means GST is not imposed on them rather these products are used to be taxed as per the previous regime. So, on Petrol and Diesel Central Govt. imposes "Basic Excise Duty", "Special Additional Excise Duty" and "Road and Infrastructure Cess". And State Govt imposes its own VAT rate.
30-Apr-2020 01:12:38 AM
The article talks about how RBI, in the last few months, has bypassed the MPC in setting the interest rate in the market by using other tools like OMO, FOREX SWAP, OPERATION TWIST and LTRO
22-Apr-2020 14:16:52 PM
19-Apr-2020 12:13:38 PM
29-Mar-2020 17:56:35 PM
15-Mar-2020 16:25:05 PM
07-Feb-2020 15:43:37 PM
03-Feb-2020 00:01:18 AM
29-Jan-2020 09:19:22 AM
28-Jan-2020 12:06:23 PM
Related party transactions: The transactions which happen between group companies i.e. companies of the same owner. And these transactions should be at market rate which is also called arms length principle.
24-Jan-2020 12:48:47 PM
Bail-in and bail-out : A bail-in is rescuing a financial institution on the brink of failure by making its creditors and depositors take a loss on their holdings. A bail-in is the opposite of a bail-out, which involves the rescue of a institution/ financial institution by external parties, typically government using taxpayers money.
24-Jan-2020 12:47:01 PM
It is a situation where income growth or inflation moves taxpayers into higher tax brackets. This in effect increases government tax revenue without actually increasing tax rates. The increase in taxes reduces aggregate demand and consumer spending because a larger share of the people’s income now goes into taxes, which leads to deflationary pressures or drag on the economy.