[Economy] Can India do away with Income Tax ?

What is income tax?·     

• It is a tax levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents).

Why should income tax be abolished?

• No income tax means more spending, more demand, more production and more jobs. In short,

[Economy] BASEL III Norms and India

Capital Adequacy ratio(CAR)-  is a ratio of a bank's capital to its risk. RBI track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements. It is expressed as a percentage of a bank's risk weighted credit exposures. 

[Economic Survey] Economic Survey of Himachal Pradesh 2016-17

Economic Survey of Himachal Pradesh 2016-17:

Economic Survey is Very Important for HPAS, Naib Tehsildar Prelims and Mains Exams Point of view.

[Economic Survey 2016-17] Highlights Economic Survey 2016-17, Download Economic Survey 2016-17

January 31, 2017:  The survey was prepared by the finance ministry's chief economic adviser Arvind Subramanian. Union finance Minister Arun Jaitley tabled the Economic Survey 2016-17 in

[Economy] Goods and Services Tax (GST), The Constitution (122nd) Amendment Bill Explained

The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha and passed, on the back of a broad political

[Economy] Public Private Partnership (PPP): Definition, Benefits, Pre requisites and Demerits

Infrastructure is the lifeline of an economy and the major sectors that comprise of infrastructure are transportation, power, energy and communication.

So when we say good infrastructure we mean :

Efficient public transport – that links all cities of the nation.  Ensures safe, affordable and quick

[Economics] Macro Economics

Macro Economics is the branch of Economics that deals with the performance and behaviour of an economy as a whole.  The concepts related with macro economics are as follows:

      

Inflation

Generally, inflation is associated with high prices causing a dip in the purchasing capacity or the

[Studyplan] Best Strategy, Studyplan, Tips & Books for Economics Optional UPSC by Topper Gaurav Agrawal Rank-1 UPCS CSE-2013

Has Optional Weight Gone Down in CSE 2013?

Even though on paper, UPSC has reduced the weightage of optional to half and doubled GS, by its marking pattern the effective weightage of optional has become more than GS! This is because in GS

[Economy] National Income : Basic Concepts

National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors

[Scheme] Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Aim: 

• To provide skills training for the youth.

Implementing Ministry: 

• Ministry of Skill Development and Entrepreneurship (through the National Skill Development

[Economy] What is a Cut Motion ?

A Cut Motion is a veto used by members of a legislature against a specific allocation in Budget proposals, in today's case proposals to hike prices of fuel and fertilizers. This motion tests the

[Studyplan] Best Strategy & Studyplan for Economics Optional UPSC by Topper Neeraj Kumar Singh (AIR Rank -11/ UPSC CSE 2011) 1st Attempt

My Strategy for Economics Optional

Background I graduated in June 2011 with an integrated master's degree in economics from IIT

[Studyplan] Best Strategy & Studyplan for Economics Optional UPSC by Topper Harshika Singh, Rank-8, UPSC CSE 2011, Without Coaching

Strategy for Economics 

My Background in Economics and the  interest in the subject  was the most obvious reason for Economics as my first optional. I am B.A Economics(Hons) from St.Xavier’s College, Ranchi

[Economy] Money Market and it's Functions

• The money market is used by a wide array of participants, from a company raising money by selling commercial paper into the market to an investor purchasing CDs as a safe place to park money inthe short term. The money market is typically seen as a safe place to put money due

[Economy] GDP Numbers: More Puzzles, More Confusion

• If the National Accounts Statistics with 2011–12 as the new base year, which were released by the Central Statistics Office (CSO) in end January, raised as many questions as provided answers on the measurement of the size of the Indian economy, the advance estimates of

[Polity] CBI : Should it be within the ambit of RTI and Whistle blower laws?

• As many the controversial cases the CBI has been investigating it seems to be involved in as many controversies itself.

[Scheme] Sukanya Samriddhi Yojna

• 'Sukanya Samriddhi Yojna’ is a small deposit scheme for girl child, launched as a part of the ‘Beti Bachao Beti Padhao' campaign, which would fetch an interest rate of 9.1 per cent and provide income tax rebate.

[Scheme] Pradhan Mantri Suraksha Bima Yojana - Scheme for Accidental Death Insuanace

The Union Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, said that a large proportion of India's population is without insurance of any kind.So he announced Pradhan Mantri Suraksha Bima Yojana to cover accidental death risk of Rs. 2 lakh for a premium of just Rs. 12 per year.

[Scheme] Atal Pension Yojna (APY)

The government decided that Atal Pension Yojna (APY), announced in the Budget, will be launched on June 1 and will focus on all citizens in the unorganised sector entitling them to a pension of up to Rs 5,000 per month after 60 years of age.

[General Studies] Headquarters of International Organisations

Headquarters of International Organisations :

S.No.	International Organizations	Headquarters
1	Amnesty International	London
2	Asia Pacific Economic Forum  - APEC	Singapore