Direct & Indirect Taxes
Direct & Indirect Taxes Direct Tax Indirect Tax Corporation Tax Excise Duties Income Tax Service Tax Interest Tax Central Value Added Tax (Vat) Expenditure Tax Sales Tax Wealth Tax Property Tax Gift Tax … Read more
Indian economy
Industrial Transition in India
The process of industrial transition divided into: industrial growth during the 19th century and industrial progress during the 20th century Industrial growth during the 19th century Decline of indigenous industries and the rise of large scale modern industries 1850-55: first cotton mill, first jute mill and the first coal mine established. Railway also introduced. … Read more
Energy Management: Issues and challenges
Energy management includes planning and operation of energy production and energy consumption units. Objectives are resource conservation, climate protection and cost savings, while the users have permanent access to the energy they need.The main objectives of energy management are resource conservation, climate protection and cost savings. The central task of energy management is to reduce costs for the provision of energy in … Read more
Strengthening of ethical and moral values in governance
Strengthening of ethical and moral values in governance The notion of “Good Governance” has become the buzzword these days in wake of globalization. Good governance is commonly described as a style of governance that is efficient, effective, responsive, corruption free and citizen friendly for ensuring people’s trust in government and promoting social harmony, political stability … Read more
India under the British Rule
The economic consequences of the British rule can be studied under three heads: Decline of Indian Handicrafts and progressive ruralisation of the Indian economy Growth of the new land system and the commercialisation of Indian agriculture Process of industrial transition of India Decline of Handicrafts While India was an exporter of Handicrafts before the … Read more
Four Modes of Services under GATT
Four Modes of Services under GATT Mode 1 Cross border trade, which is defined as delivery of a service from the territory of one country into the territory of other country; Mode 2 Consumption abroad – this mode covers supply of a service of one country to the service consumer of any … Read more
09.03.18 (MPPCS) Madhya Pradesh Current Affairs
MADHYA PRADESH Shivraj Singh Chouhan Announces Pension For Single Women Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Women’s day announced ‘Mukhyamantri Mahila Kosh’ scheme under which women who aren’t married and are above the age of 50 will be given pension. Chouhan also took the occasion to assert that any person who … Read more
Issues of Direct and Indirect Subsidy for farm sector and other social sectors.
Issues of Direct and Indirect Subsidy for farm sector and other social sectors. Subsidy is one of the powerful fiscal instruments, besides taxes and others, by which the objective of growth and social justice may be achieved. Subsidies alter relative prices and budget constraints and thereby affect decisions concerning production, consumption and allocation … Read more
Role of Commercial Banks
Role of Commercial Banks A Commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting … Read more
Commissions/Committees & Their Purpose
Commissions/Committees & Their Purpose Arjun Sen Gupta Public Sector Enterprise Autonomy Committee Rangarajan Committee Disinvestment of PSUs & Balance of Payments. Malhotra Committee Insurance Sector & its regulation. Follow up led to setting up of IRDA. Madhukar Committee Gold exchange traded fund implementation. L.C. Gupta Committee … Read more