Goods and Services Tax (GST) is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout India. GST would replace respective taxes levied by the central and state governments. What is GST? It is a destination-based taxation system. It has … [Read more...] about Goods and Services Tax (GST): Everything You Need to Know Including Issues Unresolved
Current Affairs Notes
Enterprises currently spend over $1.5 billion to incorporate automation into their projects. Robotic automation is growing at a whopping rate of 60%. Fears that automation will kill more jobs continues to grow. Now, the world is dealing not only with robots that do physical labor but with … [Read more...] about Automation: Will it kill more jobs in the coming years?
What are MSMEs? What is the new definition of Micro, Small, and Medium Entreprises? For a country to grow, the government should actively promote business enterprises. Among business enterprises, the Micro, Small and Medium Enterprises (MSME) deserve special attention. Though MSMEs are small … [Read more...] about Micro, Small and Medium Enterprises (MSME): The Importance in Indian Economy
Artificial Intelligence (AI) is a hot word these days. In this post, we cover artificial intelligence in detail - its meaning, scope, risks, ethics etc. What is Artificial Intelligence (AI)? To make it simple - Artificial Intelligence is intelligence exhibited by machines. It is a branch of … [Read more...] about Artificial Intelligence (AI): Everything you need to know
The China-Pakistan Economic Corridor (CPEC) is a part of China’s ambitious One Belt One Road (OBOR) Initiative to link China with Europe. Started in 2013, the CPEC is a developmental project between Pakistan and its all-weather friend China. China-Pakistan Economic Corridor (CPEC): 46 billion … [Read more...] about China-Pakistan Economic Corridor (CPEC) – What can India do?
The issue of the Uniform Civil Code has emerged into India's political discourse recently mainly because many Muslim women, affected adversely by the personal laws, have begun knocking on the doors of the Supreme Court to uphold their fundamental rights to equality and liberty in keeping with … [Read more...] about Uniform Civil Code (UCC): Pros and Cons in a nutshell
'Obamacare' is the nickname given to a law - Patient Protection and Affordable Care Act (PPACA) - passed by the US Congress. President Barack Obama signed the bill on March 23, 2010. Obamacare tried to reform both the healthcare and health insurance industries in America. But this act was not … [Read more...] about Obamacare: Why is the Affordable Care Act (ACA) so controversial?
One Rank One Pension (OROP) has been in news for many years. This article covers the details of the concept of One Rank One Pension (OROP) in a manner which is easily understandable to our readers. What is One Rank One Pension (OROP) concept? One Rank One Pension (OROP) means the payment of … [Read more...] about One Rank One Pension Scheme (OROP): Made easy to learn
When the borrower stops paying interest or principal on a loan, the lender will lose money. Such a loan is known as Non-Performing Asset (NPA). Indian Banking industry is seriously affected by Non-Performing Assets. In the best interest of our readers, we have come up with a comprehensive post on … [Read more...] about Non-Performing Assets (NPA): How serious is India’s bad loan problem?
Rare Earth Elements (REE) are metals having many similar properties. The global demand for rare earth elements has increased significantly in line with their expansion into high-end technology, environment, and economic areas. In this post, we see the importance of Rare Earth Elements and their … [Read more...] about Rare Earth Elements (REE): Why are they strategically important?