APSC Prelims and Mains Notes, APSC Test Series
Capital Account Convertibility (CAC) is not just the currency convertibility freedom, but morethan that, it involves the freedom to invest in financial assets of other countries.The Committee on Capital Account Convertibility (1997, Chairman SS Tarapore) in its reporthas given a working definition for the CAC which is as following:“CAC refers to the freedom to convert … Read more
Changes in the Income tax act: one of the condition for resident of India was leading to creation of shell companies i.e. during a financial year, a company shall have management of its affairs wholly in India. This provision was leading to creation of shell companies. Ministry of Corporate Affairs (MCA) and Central … Read more
Economic growth is key to the overall development. The growth accompanied by regulatory environment for inclusive growth can be a booster for Indian economy. Further, all global agencies like world bank, IMF etc. have termed India to be bright spot in the light of low growth rate of global economy. But, the economic environment must … Read more
Revenue Expenditure Broadly the expenditure which does not result in creation of assets for Government of India is treated as revenue expenditure. An expenditure that neither creates assets nor reduces a liability is categorized as revenue expenditure. Revenue expenditure is for the normal running of Government departments and various services, interest payments on debt, subsidies, … Read more
National Career Service is a Five Year Mission Mode Project launched by the Hon’ble Prime Minister on 20th July, 2015. The project is being implemented by the Directorate General of Employment, Ministry of Labour & Employment. National Career Service (NCS) is a one-stop solution that provides a wide array of employment and career related services … Read more
the reasons are as follows: Unlike east Asian crisis, Indian economy was on economic growth path with slight interruption. India maintained and followed strong prudential norms in terms of offering of credit. Boom period didn’t become the excuse for reckless loan giving. There were also control over the cooperates to take loan from foreign … Read more
Core sectors of an economy are the main or the key industries in the economy. In India, there are 8 sectors which are considered the Core Sectors. The eight core sectors of the Indian economy are: Electricity Steel Refinery products Crude oil Coal Cement Natural gas Fertilisers These industries have a major impact on the general economic … Read more
InVITS: An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the … Read more
As a host of emerging technologies change the future of work, a massive disruption is facing the IT-ITES industry today. Of the 4.5 m people employed in the industry today, 1.5 -2 m are expected to require reskilling in the next 4-5 years. A decoupling of revenue and headcount growth is visible even today and … Read more
To catalyze cutting-edge PV manufacturing in India, NITI Aayog, Ministry of New and Renewable Energy, and Invest India, are organizing a global symposium virtually, ‘India PV EDGE 2020 The focus is on ‘Wafers and Cells’, ‘Modules and Production Equipment’ and ‘Supply Chain’. Solar deployment has been the flagship green growth story of the last decade … Read more