Economy

Real estate sector is highly unregulated where black money find its place. Major issues with real estate sector are lengthy approval process for project clearances, lack of clear land titles, diversion of funds received by the developer towards one project to more lucrative ones. Changing of layouts by the developer and legal disputes between buyers … Read more

Current account:       Current account refers to the account maintained by every government of the world in which every kind of transaction is shown, this account is maintained by the central banking body. Current transactions of an economy in foreign currency all over the world- export, import, interest payments, foreign investments in share.   Capital account:         … Read more

SEBI stands for securities and exchange board of India. It was set up through a government resolution in an effort to give the Indian stock market an organised structure. Its initial paid up capital up was Rs. 50 Crore.   Subscribe on YouTube Main functions and powers of the SEBI are as follows: Join Our … Read more

A high level committee on financial system was set up on august 14,1991. The objective of the committee was set up to examine all aspect relating to structure, organisation, function and procedures of the financial system.  The recommendations were majorly aimed at ensuring a degree of operational flexibility; internal autonomy for public sector banks; and … Read more

PDS was establish to procure gain and other cereals from farmers and distribute it through a subsidised scheme to those most vulnerable to hunger. It was started in the late 1960s and was subsequently expanded to rural districts.   Subscribe on YouTube The scheme in principal can be faulted but in practice the result have … Read more

Tier-1 capital:     Tier 1 capital, used to describe the capital adequacy of a bank, is core capital that includes equity capital and disclosed reserves. Tier 1 capital is essentially the most perfect form of a bank’s capital — the money the bank has stored to keep it functioning through all the risky transactions it … Read more

There is about accumulated debt of 1 lakh crore on state electricity boards. The reasons being free power is a political issues and different political parties offer it as dole to influence the voter. This subsidy has done more damage than good. 83% of the Punjab farmers have small or marginal land holdings and they … Read more

Since the beginnings of the last decade as a part of the economic reforms programme, the taxation system in the country has been subjected to consistent and comprehensive programme.  Indian government over the years have introduced tax reforms from time to time.     Subscribe on YouTube Direct tax reforms: Reduction and rationalisation of rates- … Read more

a) Tax havens: A tax haven is a country or territory where certain taxes are levied at low rate or not at all. The basic features of tax havens are nil or nominal rates, lack of effective exchange of information, no requirement of substantive local presence.     b) BEPS: Base erosion and profit sharing … Read more

Tax expenditure is the revenue foregone as a result of exemptions and concessions. Tax expenditure was introduced for the first time in 2006-07 union budget.  Tax expenditure is justified on following grounds: Act as an incentive for priority sector like infrastructure. It promotes balance regional growth It neutralise the disadvantage on account of location It … Read more