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Economy-related news, Articles, informations

Measures to curb black money in India

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This is in continuation of articles written about union budget 2015. One of the measures taken by the government is amendment of Section 269SS and 269T of Income Tax Act, 1961.   The existing provisions contained in section 269SS of the Income-tax Act provide that  no person shall take from ...

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Lesser known facts about the Railway Budget 2015

Railway Budget 2015- Lesser Known Fact

All of us have read enough about the railway budget. So I thought of presenting the information in a different format and with lesser known facts. Hope this helps. The Issue – First and foremost we have to analyze the issue – the problem of Indian Railways. Each of us ...

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Railway Budget 2015: 15 key takeaways for the common man

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  1. Better ticketing facilities: You can now book your tickets four months in advance, as against a period of two months currently. The window for reserved ticket booking will be raised to 120 days versus the 60 days now.   2. No rail fare hike: Prabhu spared passengers from any hike ...

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Know your Union Railway Minister – Suresh Prabhu

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  With the aim of clearing the financial and administrative mess in the Railways, Union Railway Minister Suresh Prabhu is all set to present his maiden Railway Budget 2015-16 on February 26. Prabhu has time and again stressed that Railways’ financial health is not good and there is an urgent ...

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Gross Domestic Product composition of India

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  Gross Domestic Product (GDP) is classified mainly from three sectors, namely, agriculture, industry and services.   What is GDP? Total value of goods and services produced in a country over a time period is called as GDP.     Section # 1: Agriculture: It includes growing crops, horticulture, animal ...

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How NITI Ayog is different from Planning Commission

Objective of Nitiaayog

  Is it just a renaming process or is there something more to it? How NITI Aayog is different from planning commission? Is it one more announcement? An effort is made here to find the differences.   Have you heard about Five Year Plans? These Five Year Plans were done ...

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What do you know about Indian currency?

Who mints the coins and currency

  Everyone, old or young, rich or poor is so fond of money. Money in the form of currency notes is more attractive than what is there in demat account or bank deposits! This article is all about currency notes.   Coins and Notes Coins are issued in denominations of ...

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