Economy

  Advisories are being issued, to state govt. to take strict action against hoarding and black marketing and effectively enforcing the essential commodities act,1980 for commodities in short supply. Regular review meeting on price and availability situation, inter ministerial committee, price stabilisation fund management committee. Higher MSP so as to incentivise production and thereby enhance … Read more

On 8th Nov, 2016 86% of the currency in circulation was declared as not legal tenders.   The stated objective of demonetisation was : Reduction of black money Achieving lower cash/ gdp ration An attack on fake currency To stop terror financing Increasing digital transactions Increasing tax net   Positive effects of  Demonetisation are as … Read more

The term “liberalization” in this context implies economic liberalization. The essence of thispolicy is that greater freedom is to be given to the entrepreneur of any industry, trade orbusiness and that governmental control on the same be reduced to the minimum. Rules and laws which were aimed at regulating the economic activities became majorhindrances in … Read more

Social Equity Another principle on which labour legislation is based on social equity. Legislation based on social justice fixes a definite standard for adoption for the future, taking into consideration the events and circumstances of the past and the present. Social Justice In an industrial set up, social justice means an equitable distribution of profits … Read more

The Bibek Debroy Committee is a high level committee for “Mobilization of Resources for Major Railway Projects and Restructuring of Railway Ministry and railway board. It gave various suggestions to address the concerns. Some of them are as follows: Transition to commercial accounting as it is next to impossible to find out the profit with the … 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

·       Pradhan Mantri MUDRA Yojana (PMMY)    Launched: 8April2015 Main Objective: Financial support for growth of micro enterprises sector. Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana was launched with the purpose to provide funding to the non-corporate small business sector. Pradhan Mantri Mudra Yojana (PMMY) is open and is available from all Bank branches … Read more

Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens. It is one of the kind of … Read more

The Finance Minister has announced the biggest consolidation plan of Public sector Banks (PSBs)- merging 10 of them into just 4.  Merger is in line with the recommendation of Narsimhan committee recommendation of creating few banks of big size ( global average). There are no banks in top 50 global banks and the role of … Read more