Railway,Roades And Ports of India

Railway,Roades And Ports of India Impact on The Indian economy The Indian Railways contributes to India’s economic development, accounting for about one per cent of the GNP and the backbone of freight needs of the core sector. It accounts for six per cent of the total employment in the organised sector directly and an additional … Read moreRailway,Roades And Ports of India

Economy of Maharashtra

Economy of Maharashtra Introduction: Maharashtra’s contribution to the Indian Economy is high and hence it is called as the Power House of India. Maharashtra contributes to less than ten per cent of the total population of the country, but accounts for nearly one-fourth of the gross value of India’s industrial sector. The state has succeeded … Read moreEconomy of Maharashtra

Maharashtra Tax and Economic Reforms

Maharashtra Tax and Economic Reforms Maharashtra Goods and Service Tax 2017 Maharashtra Govt Passed MGST Act on 22nd May 2017. The following Bill published under Rule 117 of the Maharashtra Legislative Assembly Rules. A. BILL No. XXXIII OF 2017. A BILL to make provisions for levy and collection of tax on intra-State supply of goods … Read moreMaharashtra Tax and Economic Reforms

Maharashtra Panned Development

Maharashtra Panned Development What is mean by Planned Development & Why it is Necessary: When Independence came, India had a slender industrial base. Millions of her rural people suffered under the weight of a traditional agrarian structure. A long period of economic stagnation, against the background of increasing pressure of population, followed by the burdens … Read moreMaharashtra Panned Development

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 moreRole of Commercial Banks

MONETARY POLICIES

Monetary Policies Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price … Read moreMONETARY POLICIES

Miscellaneous Facts:

Miscellaneous Facts:   India’s GDP per Capita 622 (US $ PPP). It is 684 US $ for Pakistan.   The top 3 countries with external debt are Brazil (235 billion $), China (193 billion $) & Russia (175 billion $). India is 9th with 112 billion $.   Functional employment occurs when people change from … Read moreMiscellaneous Facts:

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 moreCommissions/Committees & Their Purpose

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 moreFour Modes of Services under GATT

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 moreDirect & Indirect Taxes