Insolvency and Bankruptcy Board of India
The Insolvency and Bankruptcy Board of India was set up on 1st October 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a unique regulator…
PEER TO PEER (P2P) LENDING
What is peer-to-peer lending? P2P lending is a form of crowd-funding used to raise loans which are paid back with interest by bringing together people who need…
Wholesale Price Index (WPI) vs Consumer Price Index (CPI)
The two most-often used inflation rates in India are the year-on-year: (1) Wholesale Price Index (WPI) based inflation rate and (2) Consumer Price Index (CPI) based inflation…
Fiscal Deficit: causes and how it can be reduced ?
What is fiscal deficit? A fiscal deficit occurs when a government’s total expenditures exceed the revenue that it generates, excluding money from borrowings. It is an indication…
BUDGET TERMINOLOGY
1 . Union Budget: Union Budget is a comprehensive account of the finances. It lays down consolidated report of revenue from all sources, and outlays for schemes…
What is primary deficit and how it affects economy?
Fiscal, revenue, trade and current account deficits are widely discussed terms and most know a thing or two about them. However, economics doesn’t limit the scope of…
Preventive detention
What is preventive detention? Preventive detention means detention of a person by the state without trial and conviction by court, but merely on suspicion. The detention could…
Indian legislature under the Act of 1919 was powerless
QUES . “The Indian legislature under the Act of 1919 was only a non-sovereign law-making body and was powerless before the executive in all spheres of governmental…
Government of India Act, 1919
This act was based on what are popularly known as the Montague-Chelmsford Reforms. In August 1917, the British government for the first time declared that its objective…
United Nations Convention against Torture
֍ The Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment (commonly known as the United Nations Convention against Torture (UNCAT)) is an international…