Economy

Railway Budget 2015: 15 key takeaways for the common man

  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

  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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Why people are opposing Land acquisition Ordinance?

  First of all, let’s understand the basics of Land acquisition and its process, before we learn about the reasons for opposition. Hope this article helps. Please leave your comments.   What Land acquisition means? Land acquisition refers to the process by which the government forcibly acquires private property for …

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What the Central Government is not doing?

  After the victory of AAP in Delhi, today’s newspapers have carried a lot of articles and reports about ‘lessons to PM Modi’. Everyone has made it a point to suggest or advice our PM. I don’t want to be the odd man out. I would also like to join …

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Gross Domestic Product composition of India

  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 much money can an Individual transfer out of India?

The Reserve Bank of India (RBI) in its monetary policy review enhanced the limit under Liberalized Remittance Scheme (LRS) to $250,000 per person per year from existing limit of 125,000 USD.  RBI had reduced the eligibility limit for foreign exchange remittances under LRS to $75,000 in 2013 as a macro-prudential measure. …

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How Ordinance is different from Bills

  This is a relevant topic of this season. As you aware, the Government couldn’t pass bills such as Insurance Bill, Coal Bill etc. in the just concluded winter session of the Parliament. But within the last three weeks the government has approved many Ordinances including Insurance and Coal. In …

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How NITI Ayog is different from Planning Commission

  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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