Economy

Reforms required: Strengthen GST council Independent GST council secretariat Inclusion of Petroleum Products, Electricity, Real estate in GST Big data analysis of the data. Tax research unit on Indirect Tax.

The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. Currently PSU’s like Air India, BSNL are loss making affair for long and there is a demand to privatise them . Benefits of Privatisation are as … Read more

Infrastructure is the term for the basic physical systems of a business or nation. Transportation, communication, sewage, water, and electric systems are all examples of infrastructure. These systems tend to be high-cost investments and are vital to a country’s economic development and prosperity. Grant of infrastructure status enables the industry to raise money from insurance … Read more

It is anew Umbrella Scheme “Pradhan Mantri AnnadataAaySanraksHan Abhiyan’ (PM-AASHA).  The Scheme is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2018. The new Umbrella Scheme includes the mechanism of ensuring remunerative prices to the farmers and is comprised of   Price Support Scheme (PSS): … Read more

FRBM is fiscal responsibility and budget management act is an act of parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit , improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget. The main purpose of the budget was to eliminate the revenue deficit and to … Read more

CAATSA stands for countering American adversaries through trade  act. As the name suggest, it is an act passed by the US congress and it sanctions trade in the field of defence, energy etc. with Russia, Iran and North Korea. This act is going to affect India-Russia and India-Iran Relations. CAATSA, if implemented in its stringent … Read more

There are no magic bullets to revive the economy as this time situation is quite different. The  macro indicators are fine but overall economy is not doing good. Last quarter growth was pegged at 4.5%, IIP was in negative territory, Exports are not growing, Private investment is low, Twin balance sheet problem, IL&F crisis etc. … Read more

A healthy infrastructure provides platform for smooth functioning of economic activity. Power, telecom, transportation etc are essential for any business or economic activity. If country wants to be on the growth path it needs to work hard on capital formation in terms of infrastructure. According to economic survey, India needs $4.5 trillion for sustaining growth … Read more

Objective: Government has launched the Pradhan Mantri Kisan Maan DhanYojana (PM-KMY) on 12.9.2019 with a view to provide social security to Small and Marginal Farmers in their old age when they have no means of livelihood and minimal or no savings to take care of their expenses. Benefits: Under this scheme, a minimum fixed pension … Read more

  Promotion of commodity-based farmers’ organisations such as Small Cotton Farmers’ Estates to combine decentralised production with centralised services such as post-harvest management, value addition and marketing, for leveraging institutional support and facilitating direct farmer-consumer linkage. Improvement in implementation of Minimum Support Price (MSP). Arrangements for MSP need to be put in place for crops … Read more