Z-Miscellaneous

[Economy] 3 Methods of calculating GDP

Got this question from mail, what are these income,production and expenditure methods in calulating GDP?how do terms like NNP, NDP, GNP,GDP,NNPFC,NNPMP DIFFER FROM EACH OTHER. what is difference between gdp at constant prices and current prices. its very confusing I’ll deal with each question in one [...]

[Economy] The FDI in Retail business pro-cons Single brand vs Multibrand Retail

In the fond memories of Dev Anand, What’s the difference between Single brand vs Multibrand retail? Single Brand retail · Nike Company opens outlets in A’bad, Banglore, Delhi and Mumbai selling nothing but Nike Shoes, Nike wrist-watches and Nike t-shirts only. · This is single brand retail. · FDI [...]

[Economy] A story of Forex, currency conversion, rupee depreciation, inflation, subsidies etc.

Again in the fond memories of Dev Anand. I’m writing this story so that the newcomers can get some idea about Forex, currency conversion, rupee depreciation, inflation, subsidies etc. (caution : full of technically not-so-correct examples, just to give you a broad idea of what [...]

[Q] IJPA journals from IIPA are unnecessary for Public Administration (mains)

Question by Many Readers: “where i can get iipa journals for public administration(either online OR book format)” Ans. IJPA: Indian journal of Public Administration. IIPA (Indian institution of Public Administration) publishes ^this journal every three months. You can’t find its journal online, you’ve to subscribe to [...]

BASEL norms

[Economy Q] Basel III Norms: Tier 1 and Tier 2 Capital meaning use

Why BASEL? What is BASEL? What are BASEL Capital adequacy requirements (CAR)? BASEL-III norms Criticism of BASEL norms Why BASEL? 2007-08: Subprime crisis in USA, after their banks loaned money to “subprime” borrowers i.e. people without capacity to repay the loan. The resultant housing [...]

[Economy] Reliance KG Basin Issue : Reason, Controversy, Crux of Matter

New Exploration Licensing Policy (NELP) Conventional Mining and Royalty Production Sharing Contract (PSC) The crux of Reliance KG Basin controversy Dateline of Reliance KG Basin Controversy War of Words New Exploration Licensing Policy (NELP) Under this policy, government auctioned potential oil and gas field areas [...]

[Economy] Different Types of Companies: Pvt.Ltd, Public Ltd., Public Corporation, Departmental Undertaking, PSUs

Paid up Capital Private company Public company Holding company and subsidiary company Departmental undertakings Government Company Public corporation PSU (Public Sector undertakings) Paid up Capital This word is going to keep reappearing in next few articles, so better understand it in advance. You already [...]

[Economy] General Anti-Avodiance Rules (GAAR): Meaning, Pros, Cons, Implications, Explained

Drafting of the DTC Bill Rules of GAAR Burden of Proof Parliament of India (August 2009) Review by Standing Committee Pro and Anti GAAR viewpoints Summery Epilogue Location: Ministry of Finance, Delhi (2008) Why government wants to extract maximum revenue? Pranab Ok, This year we need to [...]

[Economy] FCNR Rate Hike to Prevent Rupee Downfall: Meaning, Implications, Explained

What is FCNR? Example SBI FCNR What does SBI do with foreign currency? Why is FCNR in News? Implication of FCNR interest Rate hike What is FCNR? Foreign Currency  Non-Resident (FCNR) scheme was launched by RBI in the early 1990s. It allows NRIs to [...]

[Economy] Vodafone Essar Case: Capital Gains Tax Meaning, Reasons, Timeline, Implications, explained

Before venturing into Vodafone Essar Court Case, Let’s start with the basics Some information may be technically incorrect / outdated. This article is for illustration and understanding purpose only and not for writing the actual answers in your exam. Two type of taxes. What is [...]

[Economy] Excise Duty on Gold in Budget 2012: Reasons and Implications, Why Jewelers are protesting?

In the union budget 2012, government increased the tax on gold jewelry, and the Jewelers all over India have gone on strike. They’re agitating and protesting and demanding for the withdrawal of these taxes. Budget provision TDS@Source Rupee weakens due to Gold obsession Why Indians [...]