India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
Why in the news? The Centre of Indian Trade Unions (CITU) is questioning the delay in publishing the All India Consumer Price Index for Industrial Workers (AICPI-IW) for February and March. CITU is urging the Labour Ministry to release the AICPI-IW data promptly, as it’s crucial for regulating wages and policy formulations. Source:KeyDiffer About All …
Read MoreLand reforms represent a fundamental shift in the governance and utilization of land, aimed at benefiting the broader community and fostering a more equitable and productive agricultural sector. These reforms are multifaceted, targeting the redistribution of land, legalizing tenancy, empowering marginalized groups, and enhancing agricultural productivity. Definition and Purpose Land reforms encompass a broad spectrum …
Read MoreSYLLABUS: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Focus: The recent changes to the definition of Micro, Small, and Medium Enterprises (MSMEs) in India have sparked a critical debate on the fairness and effectiveness of this classification. The recent changes to the definition of Micro, Small, …
Read MoreWhy in the news? RBI raises concerns over alleged unethical practices in asset reconstruction companies (ARCs). ARCs urged to prioritise governance and ethical conduct. Conference organised in Mumbai to address these issues. source:scribd About Asset Reconstruction Company (ARC): Specialised financial institution acquiring and managing distressed assets like NPAs. Banks offload troubled loans to ARCs at …
Read MoreWhy in the news? Only 17% of cases under the Insolvency and Bankruptcy Code (IBC) yielded a resolution plan. Post-National Company Law Tribunal (NCLT) admission, the majority of cases were withdrawn. Liquidation for 960 corporate debtors was completed, but creditors realised only 4% of their total admitted claims. source:slideshare About The Insolvency and Bankruptcy Code …
Read MoreWhy in the news? India’s wholesale price inflation hit a 13-month high of 1.26% in April, up from 0.53% in March. The increase was driven by a surge in food prices and a 1.4% rise in fuel and power prices after 11 months of deflation. Prices of primary food articles rose to 7.74% in April, …
Read MoreGENERAL SCENARIO OF INDIAN TAXATION Origin of Tax: The term “tax” comes from “taxation,” indicating an estimation process. Historical Presence: Direct taxation has been a part of India’s financial system since ancient times. Purpose of Taxation: Taxes are collected by the government to fund projects that boost the economy and improve citizens’ standard of living. …
Read MoreUnderstanding Public Finance Public finance is a crucial branch of economics that deals with the assessment of government revenue and expenditures. It aims at modifying these financial activities to achieve desirable outcomes and avoid adverse effects. This field covers the management of public money, including aspects such as the money a government receives, spends, borrows, …
Read MoreWhy in the news? Industrial output growth in India slows to 4.9% in March, attributed to a decline in mining and surge in electricity. source:wordpress About Industrial Output Growth Slows to 4.9% in March: India’s industrial output growth decelerated to 4.9% in March, down from 5.6% in February, as reported by the National Statistical Office. …
Read MoreWhy in the news? April witnesses a 27% surge in India’s total vehicle retail sales, with passenger vehicles contributing significantly, reports industry body FADA. Key Highlights of April Auto Retail Sales: According to industry body FADA, total vehicle retail sales in India experienced a significant increase of 27% year-on-year in April. The total number of …
Read More
