APSC Prelims and Mains Notes, APSC Test Series
Ans: Join Our Telegram Channel 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. … Read more
Law relating to marriage and/or divorce has been codified in different enactments applicable to people of different religions. These are: The Converts’ Marriage Dissolution Act, 1866 The Indian Divorce Act, 1869 The Indian Christian Marriage Act, 1872 The Kazis Act, 1880 The Anand Marriage Act, 1909 The Indian Succession Act, 1925 The Child Marriage Restraint … Read more
It refers to basing our advice and decisions on rigorous analysis of evidence. OR The principle of objectivity implies that the decisions and actions should be based on observable phenomena and should not be influenced by emotions, biases or personal prejudices. Objectivity ensures: Civil servants take decisions on the merit of the case and … Read more
Shell companies are typically corporate entities which do not have any active business operations or significant assets in their possession. A shell company may be a legal entity or not. Subscribe on YouTube Issues associated with shell companies: There is no clear definition of shell companies. Even under the companies act they are not defined. … Read more
Empathy is the ability of a person to put himself in other person’s shoes and feel what he might be feeling. On the other hand, Compassion is to feel about a person and work for his betterment. Civil servants are part of the executive branch of government and are supposed to act as a bridge … Read more
This highway is also known as Route 606. Length of the highway is nearabout 200Km. It connects Delaram( border city of afghanisatn) to Zaranj ( Capital of Nirmuz province of Afghanistan). India Financed this project. Border road organization has constructed the highway. Construction of the road started in 2005 and the project completed in 2009. … Read more
The procedure regulating the use of force is outlined in the police manuals of different states. Some of the important points are as follows: Subscribe on YouTube The police must invariably secure the presence of a magistrate where it anticipates a breach of peace The decision to use force and the type of force to … Read more
The Southeast Asian and Indian Ocean littoral nations that retain primary significance for India are Myanmar, Indonesia and Vietnam, all of which are of increasing strategic importance to India.As Myanmar is the only ASEAN country which India directly borders, the country is of critical importance to India’s security, especially given the serious insurgency-related problems that … Read more
Steps taken by RBI: Establishment of private Asset Reconstruction Companies (ARCs) Many ARCs have been created, but they have solved only a small portion of the problem, buying up only about 5 percent of total NPAs. Strategic debt restructuring scheme: under this creditors could take over firms that were unable to pay and … 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