Economy Booster

 Tax Laws: Laws relating to income, Profits, Wealth Tax, Corporate Tax The Income-tax Act, 1961 The Income Tax Act, focusing on the rules and regulations of tax regulation, was initially put into existence in the year 1961. Under this act, everything related to taxation and more are mentioned which also includes collection and … Read more Tax Laws

 Emergence of India as Educational Force The Indian higher education system has undergone rapid expansion. In less than 20 years, the country has created additional capacity for a mammoth 40 million students. While the scale of this expansion is remarkable in itself, what sets it apart from earlier decades of equally aggressive expansion … Read more Emergence Of India As Educational Force

 Liability based on fault Fault liability requires some basis to determine whether someone was negligent, i.e. at fault for the harm he caused. Briefly, that would require:   Duty Breach of that duty Proximate cause Actual cause Damages For example, if you were in a car accident, the fact that you were speeding … Read more Liability Based On Fault

 Fiscal Responsibility and Budget Management Act The FRBM Act 2003 in its amended form was passed by the government to bring fiscal discipline and to implement a prudent fiscal policy. High fiscal deficit was the one major macroeconomic problem faced by Indian economy around 2000. It was argued that high deficits lead to … Read more FRBM Act

 Physical Quality of Life Index (PQLI) Physical Quality of Life Index (P.Q.L.I) was developed by famous economist Morris David in 1979 for 23 developed and developing countries. Morris David used the following three indicators to prepare a composite index known as Physical Quality of Life Index: Life Expectant Rate (L.E.I) Infant Mortality Rate … Read more Physical Quality Of Life Index

 Inputs of agriculture Seed Seed is technically defined as ripened ovule containing embryo. Another definition says that the seed is a living embryo which is vital and basic input for attaining sustained growth in agricultural production in different agro-climatic conditions. The embryo in the seed remains almost suspended for sometimes and then revives … Read more Inputs Of Agriculture

                 Infrastructure     1. The Government of India shall develop a new major port at Duggirajupatnam in the successor State of Andhra Pradesh to be completed in phases with Phase I by end-2018. 2. SAIL shall examine, within six months from the appointed day, the feasibility of establishing an integrated steel plant … Read more Infrastructure Development

 Co-operative movement in India and M.P The cooperative movement in India has its origin in agriculture and allied sectors. The first Cooperative Credit Societies Act was enacted in 1904.Subsequently a more comprehensive legislation called the Cooperative Societies Act was enacted. This Act provided for the creation of the post of registrar of cooperative … Read more Coperative Society

 Role of Finance Ministry in Monetary and Fiscal Policy Fiscal role of ministry of finance The Ministry of Finance plays a very crucial role in development planning in India. It supervise the financial institution and is responsible for the overall financial management of the country. The Ministry of Finance is responsible for the … Read more Role Of Finance Ministry In Monetary And Fiscal Policy

 Government market borrowings, loans and grants There are two types of borrowings : Internal borrowings External borrowings There is third mean of public loan i.e. other liabilities Internal borrowings Internal debt or domestic debt is the part of the total government debt in a country that is owed to lenders within the country. … Read more Government Market Borrowings