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It's an equalization levy It's only for B2B transactions India became first country in the world to impose equalization levy

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Small Finance Banks

The small finance bank will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganized sector entities. What they can do: Take small deposits and disburse loans. Distribute mutual funds, insurance products and other simple … Continue reading Small Finance Banks

Paramparagat Krishi Vikas Yojana (PVKY)

Organic Farming : - Paramparagat Krishi Vikas Yojana (PVKY): It is one of the schemes under NMSA (National Mission for Sustainable Agriculture) to promote organic farming. Under PKVY, Organic farming is promoted through cluster approach and local quality assurance systems. It is proposed to develop 10,000 clusters with a size of 20 hectare so as to increase the area 2 lakh hectare … Continue reading Paramparagat Krishi Vikas Yojana (PVKY)

Invasive Species: Seemai Karuvelam tree

Native to west Africa Sucks water leading to ground water depletion Invasive species No other species of plant can co exist along with it Used for fuel wood Scientific name : prosopis julifora

Electoral Reforms : NOTA

NOTA - None of the Above NOTA is designed to allow the voter to indicate disapproval of all of the candidates in a voting system. It is based on the principle that consent requires the ability to withhold consent in an election, just as they can by voting no on ballot questions. The Supreme Court … Continue reading Electoral Reforms : NOTA

India’s First Coastal Corridor

Vishakhapatnam - Chennai Costal Corridor The Visakhapatnam-Chennai Industrial Corridor section of the East Coast Economic Corridor, connecting four economic hubs and nine industrial clusters, will mark the first industrial corridor developed along India’s coast. The East Coast Economic Corridor will ultimately extend from Kolkata to Tuticorin The Indian government is keen to encourage manufacturing, including … Continue reading India’s First Coastal Corridor

Economy Curves- Very Important

Philips curve shows the tradeoff between unemployment and inflation. It indicates that to reduce unemployment, an economy has to adjust with higher level of inflation. Kuznet curve explain the relationship between growth and equality. During the initial stages of development inequality increases with economic growth. Laffer curve shows the relationship between tax revenue and tax … Continue reading Economy Curves- Very Important