Economy

Financial Times, Business News channels and even my mailbox is filled with mails from several experts, industry leaders, industrial bodies, farmers associations etc. Taxpayers wish that taxes are lowered; farmers wish that agricultural Minimum Support Price (MSP) is increased, Vodafone wants ‘retrospective amendments stopped’ and so on. Therefore I am …

Look at our fate! A government with full majority is at the Centre, led by an aggressive Prime Minister. The Prime Minister wants to give water to electricity, good roads to speed rails, kinder gardens to garden variety of Universities and what not to the people of this country.But where …

Kolkata to New York, IIT to Harvard, McKinsey to Goldman Sachs, Insider Trading to Insider, from where to where! Steep rise and a deep fall of an Individual. The Rise: Rajat Kumar Gupta, 65 years, born in Kolkata, went on to do engineering in IIT, Delhi and then MBA from …

 If you observe on all processed fruit products such as packaged fruit beverages, fruit jams, squashes, pickles, etc.,  ‘FPO’ is printed on the bottle or the sachet. What is FPO for?      FPO stands for Food Process Order The FPO is a certification mark mandatory on all processed food …

Laws | Act # 22 | Foreign Exchange Management Act,1999 (FEMA) “RBI increases Individuals’ spending limit abroad” News dated 3rd June, 2014 Under the Liberalized Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 125000 per financial year (April – March) without end use …

Laws | Act # 21 | Foreign Contribution Regulation Act (FCRA) 2010 “Probe ordered into AAP Funding from Outside India” News dated 12th Nov 2013 Why? Are they not eligible for getting donations from abroad? The Answer is Yes and No Yes. If they are getting donations from Non-Resident Indians …

Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (“Data Privacy Rules”) were issued by the Government of India pursuant to Section 87, read with Section 43A of the Information Technology Act, 2000 (“Act”). Data Privacy Rules are a step in the direction of …

‘Nothing is worth it if you are not happy‘ History of Article 370 This temporary  provision was drafted in 1947 by Sheikh Abdullah, who had by then been appointed prime minister of Jammu & Kashmir by Maharaja Hari Singh and Jawaharlal Nehru. About Article 370 This article grants special autonomous …

‘If you want to be happy; don’t bother what other people think of you; stay strong and believe in who you are’ Vitamin K Laws | Act # 1 | The Constitution of India News: “Mr.Narendra Modi takes oath as Indian Prime Minister” What is oath taking is all about? …

The Union Cabinet is the collective decision making body of the Government of India, consists of the Prime Minister and the team of ministers (they are popularly known as ‘Council of Ministers) The ministers can be chosen from both Houses of Parliament (Lok Sabha and Rajya Sabha).If the person chosen …