What is Goods and Services Tax? As the name suggests, it is a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, etc. This is how it is done in most developed countries. What is preventing GST from being a reality? A major change … [Read more...] about Goods and Services Tax Issue
For many centuries, the countries, economies and peoples of the Indian Ocean have been bound together in an informal, cooperative economic community. Traders, seamen, fishermen, and pilgrims traversed the Indian Ocean and its numerous ports, enabling a vibrant trading network to emerge. … [Read more...] about An Economic Community of Nations
An economic measure of a negative balance of trade in which a country's imports exceeds its exports. A trade deficit represents an outflow of domestic currency to foreign markets. … [Read more...] about DEFINITION of ‘Trade Deficit’
'National Clean Energy Fund' (NCEF) in the public account of India along with the guidelines as well as modalities for approval of projects to be funded from the Fund. The Finance Bill 2010-11 provided for creation of a corpus called National Clean Energy Fund to invest in entrepreneurial ventures and research in the field of clean energy technologies. An Inter Ministerial … [Read more...] about NCEF(‘National Clean Energy Fund’ )
Priority sector loans to the following borrowers are considered under Weaker Sections category:- Small and marginal farmers; Artisans, village and cottage industries where individual credit limits do not exceed `50,000; Beneficiaries of Swarnjayanti Gram Swarozgar Yojana (SGSY), now National Rural Livelihood Mission (NRLM); Scheduled Castes and Scheduled … [Read more...] about What is Included under Weaker Sections under Priority Sector?