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  • What is Cow Cess and which Indian States impose it?

    Some states in the country have decided to levy 'Cow Cess' in order to arrange the fund for care of the stray animals. The tax rate varies from state to state and ranges from 2% to 20%. This tax is mainly levied on luxury goods and services so that it does not affect the poor people. In this article we are publishing the information on the cow cess.

    Jan 15, 2019
  • List of all Five Year Plans of India

    The concept of economic planning in India is derived from the Russia (then USSR). India has launched 12 five year plans so far. First five year plan was launched in 1951. Now the present NDA government has stopped the formation of five year plan. So 12th five year plan would be called the last five year plan of India.

    Jan 2, 2019
  • List of Maharatna and Navratna Companies in India

    PSUs may be classified as Central Public Sector Enterprises (CPSEs), public sector banks (PSBs) or State Level Public Enterprises (SLPEs). CPSEs are administered by the Ministry of Heavy Industries and Public Enterprises. As on 26 February, 2018, there are 8 Maharatnas and 16 Navratnas in India.

    Dec 28, 2018
  • Agricultural Development in Uttar Pradesh: Important facts for Exams

    Agriculture is called the backbone of economy of Uttar Pradesh. Uttar Pradesh is the top producer of food grain in Uttar Pradesh. Agriculture provides around 59% employment to the residents of the state. This article is publishing some important facts about the role of agriculture in the development of the state. I hope that these facts will be very crucial for the upcoming exams to be held in the state.

    Aug 9, 2018
  • List of Industries left for Licensing in India

    Since the inception of the New Economic Policy in 1991; India opened most of the sectors for the private players and industrial licensing has been abolished for almost all the industries except five. This article is publishing the name of the industries where licensing system still continues.

    Jul 25, 2018
  • List of Sectors reserved for Public Sectors in India

    India is a mixed economy which has combination of both public and private companies. If Indian wants to take profit of globalisation then the Indian economy should get closer to the world economy, as India has already done through New Economic Policy (NEP) of 1991. This is the impact of the NEP that as of now just 2 sectors of national importance are reserved for the public enterprises. These sectors are atomic energy and railway operations.

    Jun 27, 2018
  • 14th Finance Commission: Share of States in the Union Tax Revenue

    Article 280 of the Indian Constitution requires the composition of the Finance Commission in every five years. The 14th Finance Commission of India is constituted in the chairmanship of the former RBI governor Mr. Y.V. Reddy for the period of April 1, 2015 to March 31, 2020. The 14th Finance Commission has recommended a record 10% increase in the states' share in the Union taxes revenue to 42%.

    Apr 17, 2018
  • 20 facts about Indian Economy-2018

    A recent report released by the International Monetary Fund, said that Indian economy will be the fastest growing economy in the world in the year 2018. The Indian economy is composed of the three major sectors like i.e., Services sector: 53.7%, Industry sector: 31.2% and Agriculture sector: 15.2%.

    Mar 20, 2018
  • What is the State wise Renewable Energy Potential in India?

    As per the data released by the Ministry of New and Renewable Energy, the total renewable potential of India is 896602 MW.Rajasthan is the leader of solar power production and overall renewable energy production in the country followed by the Jammu & Kashmir and Maharashtra with total renewable energy of 118208 MW and 74500 MW respectively.

    Mar 13, 2018
  • What are the key features of Payments Banks in India?

    A Payments Bank is a “differentiated bank” set-up under the guidelines issued on Nov 27, 2014 by the Reserve Bank of India (RBI).The main objective of setting up of payments banks is to ensure the financial inclusion by providing payments/remittance services to migrant labour workforce, opening up small savings accounts of; small business holders, low income households and workers of the un-organised sector.

    Mar 12, 2018
  • How Maharatna,Navaratna and Miniratna status granted to CPSEs?

    The central Government has laid down eligibility criteria to grant Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs).This article is explaining the criteria for granting the Maharatna, Navaratna and Miniratna status granted to PSUs/ CPSEs. Currently there are 8 Maharatna, 16 Navratna and 74 Miniratna companies in India.

    Mar 7, 2018
  • Index of Industrial Production (IIP): Detailed information

    The Central Statistical Organisation (CSO) under the “Ministry of Statistics and Programme Implementation” is responsible for the compilation and publication of the Index of Industrial Production (IIP) since 1950. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

    Feb 28, 2018
  • What is the Sector-wise contribution of GDP in India?

    Services sector is the largest sector of India. Services sector accounts for 53.66% of total India's GVA of Rs. 137.51 lakh crore. Industrial sector is at the second spot and contributing around 31% of the Indian GDP. Agriculture sector is at the third spot and contributing around 16% of the Indian GDP.

    Feb 28, 2018
  • Five Year Plans of India: 15 important facts

    The first five year plan of India was launched in the 1951 and so far 12 five year plans have been implemented in the country. Present NDA government has decided to stop formation of new five year plan further. This article is explaining 15 interesting facts about these all five year plans.

    Feb 22, 2018
  • New Economic Policy of 1991: Objectives, Features and Impacts

    In 1991, the P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export and reduce the adverse Balance of Payment (BOP) situation. This is also known as the LPG Model of growth.

    Feb 21, 2018