Economy

Industrial sector is a crucial sector for sustainable growth of India. The sector growth rate and its contribution to overall growth is not sufficient enough for achieving double digit growth. The benefit of achieving industrial growth is that it is employment friendly and it is a self priming system. The constraints in the development of … Read more

ODB aims at converting a class room into a digital class room and provide e-resources at any time and at any place to students.The digital board will be introduced all over the country in government and government aided schools from class 9th onwards as well as in higher education institutions.The Operation Digital Board (ODB) will be implemented in … Read more

  Full Budget deals with both expenditure and revenue side but Vote-on-account deals only with the expenditure side of the government’s budget. The vote-on-account is normally valid for two months but a full budget is valid for 12 months (a financial year). As a convention, a vote-on-account is treated as a formal matter and passed … Read more

Labour reforms essentially mean taking steps in increasing production, productivity, and employment opportunities in the economy in such a manner that the interests of the workers are not compromised. “Essen­tially, it means skill development, retraining, redeployment, updating knowledge base of workers-teachers, promotion of leadership qualities, etc. The recommendation of NITI aayog are: Codification of labour … Read more

It is restructured name of multi sectoral development Programme. It is under Ministry of Minority affairs. The restructured programme would provide better socio economic infrastructure facilities to the minority communities particularly in the field of education, health & skill development as compared to the present situation, which would further lead to lessening of the gap … Read more

The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves. Two distinctive features of the Commission’s work involve redressing the vertical imbalances between the taxation powers and expenditure responsibilities of … Read more

Recently Trump administration decided to do away with relaxation to major importers of Iran’s oil resource. US govt. has decided to be more proactive and want more imposition of sanctions on Iran to derail Iranian economy and eventually dis courage nuclear activity and funding to terrorist groups. This step is going to affect India as … Read more

Angel tax is a term used to refer to the income tax payable on capital raised by unlisted companies via issue of shares where the share price is seen in excess of the fair market value of the shares sold. The excess realisation is treated as income and taxed accordingly. The tax was introduced in … Read more

It will lead to sustainable mining sector development in future.  It will address the issues of project affected persons especially those residing in tribal areas.  The new changes include the focus on make in India initiative and Gender sensitivity in terms of the vision. It also focuses on use coastal waterways and inland shipping for … Read more

SATAT initiative is aimed at providing a Sustainable Alternative Towards Affordable Transportation (SATAT) as a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs.  Compressed Bio-Gas plants are proposed to be set up mainly through independent entrepreneurs. CBG produced at these plants will be transported through cascades of cylinders to the … Read more