Economy

It is being implemented by the Ministry of Labour and Employment and is operational since August, 2016.  It was launched for incentivising employers for generation of new employment. The Government of India will pay the entire employer’s contribution (12 per cent or admissible contribution) towards the Employees’ Provident Fund (EPF) and the Employees’ Pension Scheme … Read more

Ans: 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 … Read more

The Ministry of Minority Affairs has started implementation of a scheme “Nai Roshni” for Leadership Development of Minority Women from 2012-13. The scheme aims to empower and instil confidence among minority women by providing knowledge, tools and techniques for interacting with Government systems, Banks and other institutions at all levels. The scheme is implemented through … Read more

Global MPI is an international measure of multidimensional poverty covering 107 developing countries and was first developed in 2010 by Oxford Poverty and Human Development Initiative (OPHI) and United Nations Development Programme (UNDP) for UNDP’s Human Development Reports. The Global MPI is released at the High-Level Political Forum (HLPF) on Sustainable Development of the United … Read more

Indian economy has some inherent vulnerabilities and that is becoming hurdle in holistic development of the economy. These areas are as follows: Investment rate is on decline. It is near about 29%. It has to be 36-38% for sustaining high growth rate as per economic survey. Investment is way better than savings as engine of … Read more

The Ministry of road transport and highways has taken up detailed review of NHs network with a view to develop the road connectivity to Border areas, development of Coastal roads including road connectivity for Non-Major ports, improvement in the efficiency of National Corridors, development of Economic Corridors, Inter Corridors and Feeder Routes along with integration … Read more

While countries around the world have been considering how to implement and measure success against the Goals, NITI Aayog has taken the lead by bringing out the SDG India Index – Baseline Report 2018, and showing how SDGs will be measured in India.  NITI Aayog has constructed the SDG India Index spanning across 13 out … Read more

Minimum wages is the minimum wage to be given to workers as per rule and law. The non payment or below payment of wages attract Penalty and sanctions. As per the International Labour Organisation India wage report one in every three wage workers in India is not protected by the minimum wage act. As per … Read more

The government of India has taken a series of following measures to improve ‘Ease of  Doing Business’ in the country. Existing rules have been simplified and information tech­ nology is introduced to make governance more efficient and effective: The process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online … Read more

The National Sample Survey Organization (NSSO), since its inception in 1950, does the measurement of employment/unemployment in India. The National Sample Survey Organization (NSSO) provides three different estimates of employment and unemployment based on different approaches used to classify an individual’s activity status. These are : Usual status approach with a reference period of 365 … Read more