Economy

When in an economy aggregate demand falls short of aggregate supply at full employment level, i.e. the production is more than the demand, the demand is said to be deficient demand and the gap is called deflationary gap. Causes of the deflationary gap are: Fall in aggregate demand (AD) due to: Fall in exports (global … 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

Tax Avoidance is an area of concern across the world.  The rules are framed in different  countries to minimize such avoidance of tax.  Such rules in simple terms are known as ‘General Anti  Avoidance Rules’ or GAAR. Thus, GAAR is a set of general rules enacted so as to check the tax avoidance.  It empowers … Read more

The following points highlight the two main sources of government revenue in India. Tax Revenue: Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commo­dities produced within the country, but exclu­ding those commodities on which State excise is levied (viz., liquors and narcotic … Read more

AIM (Atal Innovation Mission), in association with CSIRO, is organizing a two-day hackathon on circular economy, ‘India–Australia Circular Economy Hackathon (I-ACE)’ I-ACE will focus on identification and development of innovative technology solutions by bright-minded students, startups and MSMEs of both nations. The four key themes for the hackathon are as follows: Innovation in packaging reducing … Read more

A public-private partnership (P3) is a contractual arrangement between a public agency and a private sector entity, typically of a long term nature. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the … Read more

. It refers to the effect of tax avoidance strategies used by  multinational corporations on countries’ tax basis. The term was used for the first time by OECD. In an  increasingly interconnected world, national tax laws have not kept pace with global corporations, fluid  capital, and the digital economy, leaving gaps that can be exploited … Read more

. Capital Account Convertibility is a feature of a nation’s financial  regime that centers on the ability to conduct transactions of local financial assets (money, stocks, bonds,  real estate, FDI, FII, account receivable, inventory etc) into foreign financial assets freely and at market  determined exchange rates. In layman’s terms, full capital account convertibility allows local … Read more

. The Government has well-designed schemes. The question is not about intention but that of implementation of these schemes. There was not a proper identification of the targeted beneficiaries. There is also a lack of awareness of these schemes amongst the masses, given their illiteracy and ignorance. There is also an absence of any monitoring … Read more