TSPSC Prelims and Mains Notes-TSPSC Test Series
The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves. Two distinctive features of the Commission’s work involve redressing the vertical imbalances between the taxation powers and expenditure responsibilities of … Read more
India’s fact sheet of ports consists of twelve major ports (two additionally approved— one in West Bengal and the second at Andhra Pradesh) and two hundred odd minor ports accounting for 95 per cent of cargo movement by volume and 70 per cent by value. The present port capacity is around 1000 million tonnes (MT). … Read more
After the recent Assembly elections, the new governments in Rajasthan, Madhya Pradesh and Chhattisgarh announced farm loan waivers. According to SBI Research, around ₹70,000 crore will be spent on farm debt waivers till May 2019. Rising costs, drop in income and increasing incidence of indebtedness among small and marginal farmers manifested in a spate of suicides over … Read more
With increase in the average expectancy age , the issue of elderly population will arise in the near future. The economy has to look into to take care of the elderly population. But there are some issues attached with ageing population: Lack of uniform and accessible pension system. Premium rates are different and there are … Read more
Inverted duty structure is a condition in which final good is taxed lower on its import as compared to the intermediate good used in the making of finished good. The economic survey has pointed out that Inverted dusty structure has affected our industries a lot. Major effect of inverted duty structure: Affect domestic … Read more
An external commercial borrowing (ECB) is an instrument used in India to facilitate Indian companies to raise money outside the country in foreign currency. The government of India permits Indian corporates to raise money via ECB for expansion of existing capacity as well as for fresh investments. Other such external sources of finance/capital include FCCBs … Read more
Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme was first announced in Budget 2018. The scheme would focus on managing and converting cattle dung and solid waste in farms to compost, biogas and bio-CNG. It wiill help in keeping the village clean while increasing the income of farmers and cattle herders. Under it, villagers will be … Read more
Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries’ exchange rates by buying and selling currencies. It is also known as a dirty float. India’s exchange rate policy has evolved over time in line with the gradual opening … Read more
PM-KISAN stands for Pradhan Mantri KisanSamman Nidhi. The scheme announced to provide income support to the marginal and small farmers. To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri KisanSamman Nidhi (PM-KISAN).Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be … Read more
Angel tax is a term used to refer to the income tax payable on capital raised by unlisted companies via issue of shares where the share price is seen in excess of the fair market value of the shares sold. The excess realisation is treated as income and taxed accordingly. The tax was introduced in … Read more