NPP is integrated with associated systems of Central Electricity Authority (CEA), Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and other major utilities and would serve as single authentic source of power sector information to apex bodies, utilities for the purpose of analysis, planning, monitoring as well as for public users.For more updates on Economy
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GOI launches BHARAT-22 Exchange Traded Fund (ETF)
https://taxguru.in/finance/goi-launches-bharat22-exchange-traded-fund-etf.html
The Government of India launched today the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs.8,000 Crore; This New Fund Offer is open till November 17, 2017 The Fund is expected to benefit long term and retail investors by providing an opportunity of participation in equity […]
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Tommorow is the last date of registration of indian economy guidance with GS paper 3 Guidance . JOIN 🔜
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Best channel for UPSC prelims and mains 2018
For Indian Economy -
t.me/economyupsc
For commerce optional
Group - t.me/commerce_optional
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http://www.thehindu.com/business/what-humans-do-cobots-can-too/article20354254.ece
Читать полностью…Definition of Proxy War(GS3)
A proxy war or proxy warfare is a war that results when opposite sides use third parties as substitutes for fighting each other directly. While powers have sometimes used governments as proxies, violent non-state actors, mercenaries, or other third parties are more often employed. It is hoped that these groups can strike an opponent without leading to full-scale war. The United State and the Soviet Union fought proxies war during the Cold War. After the end of WW2, major super powers didn’t involve in any major confrontation but engaged in proxy war which is supporting non-state actors to confront each other than state getting directly involved.
🌟CA Dhananjay Ojha🌟:
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in upsc prelims
Interested person can contact at
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7678456921
Mail id -indianeconomyias@gmail.com
Key Take-aways from 23rd Meeting of GST Council
https://taxguru.in/goods-and-service-tax/key-takeaways-23rd-meeting-gst-council.html
1. Changes recommended in Return Filing Dates: i. All taxpayers (except Composition supplier) would be required to file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018. ii. Timeline for filing the details of return in Form GSTR-1 is proposed to be as follows: a. Taxpayers
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Insights into Editorial: Will bank recapitalisation fix NPAs? - INSIGHTS
http://www.insightsonindia.com/2017/11/11/insights-editorial-will-bank-recapitalisation-fix-npas/
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On topic 1 of GS 3 -Growth,development , employment , planning and mobilization of resources.
Читать полностью…✅Recent updates , Today all registered students will receive notes on 1st topic at 2 PM.
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Commerce Gurukul
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National Power Portal(NPP)
NPP is a centralised system for Indian Power Sector which facilitates online data capture/ input (daily, monthly, annually) from generation, transmission and distribution utilities in the country and disseminate Power Sector Information (operational, capacity, demand, supply, consumption etc.) through various analysed reports, graphs, statistics for generation, transmission and distribution at all India, region, state level for central, state and private sector.
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✅✅✅💐Today is Last date of Registration on Indian economy guidance and GS paper 3 Guidance.
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Problems with Private investment
1. The weakening economic growth and the debt overhang problem have constrained both the capacity and flow of private investment in asset creation.
2. Even the successful awards in roads, rail, airports and other infrastructure segments have been mired in implementation challenges, affecting the private sector’s capacity to invest afresh.
3. To fix India’s infrastructure needs private arm of public-private partnerships (PPPs) will need to contribute at least $90 billion every year for the next 10 years, entailing a potential borrowing of at least $55-60 billion a year. That is quite a large sum for the stretched balance sheets of lenders and investors.
Areas of Focus in PPP
1. Long-term credit and procurement processes.
The situation has aggravated sharply, with the non-performing assets (NPAs) of domestic lenders mounting.The international credit and financing market is an avenue but high-quality sponsors and assets remain few.The inability of project development and procurement agencies to adopt fairer risk-sharing principles has contributed to the financing challenge.
2. Poor Projects
Inadequate preparedness and risk allocation has contributed to the lack of large capital.Bonds have worked well overseas as a source of project finance but the corporate or municipal bond market in India is still not deep enough to support long-term credit and refinancing commitments, unless backed by sovereign guarantees, which are difficult to come by.High project risks, poor entity rating and regulatory uncertainties also make yield-based structures difficult to implement.
3. Market making
Financial institutions like India Infrastructure Finance Co. Ltdand the National Infrastructure Investment Fund (NIIF) should lead the market-making role by securing foreign capital and providing equity support to critical infrastructure projects.It is important in the current scenario of high NPAs.
4. Elongated timelines due to lack of institutional capacity in the project-award process have been hurting.
Single-window clearance has rarely worked and inability to resolve disputes during the implementation stage has been a big deterrent for high-quality investors.The whole value-for-money principle that favours PPPs over traditional public sector procurement is defeated with time and cost overruns resulting from delayed pre-development and procurement activities.
Way Forward
1. Restructuring of PPP contracts should be through objective process.
2. The changes in concession contracts needs to be based on asset risk profiles, market conditions, technology impacts, investor appetite and bankability
3. Experience reveals that strong leadership can make a big difference. The Delhi Metro is a good example.
4. The same quality of leadership is required for all mega projects, whether implemented by the government or its agencies or by the private sector.
IAS Officer
COMMERCE & ACCOUNTANCY Gurukul
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http://www.thehindu.com/news/national/new-education-policy-draft-by-december/article20356639.ece
Читать полностью…Issues with the discussion paper on Industrial Policy 2017
The policy does not discuss ideas for creating jobs for and in Bharat.
It follows conventional approach that confines the scope of industrial policy to “manufacturing enterprises”, unrelated to agriculture and the services sectors.
This myopic industrial policy can have adverse consequences in the longer term.
It recognizes the importance of competition and strengthening global linkages and value chains.
But incentives to select sunrise sector will potentially disincentivize competition and innovation, and curb the growth of other sectors
This sector specific approachmight result in policies soon becoming out of sync with dynamic economic developments and with our World Trade Organization (WTO) obligations.
An effective industrial policy cannot be merely a collection of sectoral policies.
Way Forward
It must appreciate its linkages with agriculture, services policies and with trade, competition and sector-specific policies at a broader level.
A systems’ view informed by a whole-of-government approachis needed.
It will treat the economy like a complex human body, composed of many sub-systems, each of which performs a function to enable the entire system to remain healthy and grow.
The Indian economy has suffered from several ill-advised medications in the past, and more recently as well. Such experiments need to be prevented.
It requires different actors and government departments engaged in specific sub-systems to work with each other.
Stakeholders involved in the design of specific policies must interact with each other and optimize the functioning of crucial sub-systems.
A powerful nodal department in the prime minister’s office should be authorized to ensure coherence through coordination with different departments and related stakeholders, and enable swift decision making within predetermined time frames.
A new forward-looking industrial policy for India must have Bharat as its soul.
A long-term view needs to be taken on competition and trade-related issues, and the industrial policy should avoid the temptation of short-term benefits of over-protectionism.
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Recent Updates-
Schedule with topic wise details has been sent to registered students for preparation of GS 3 paper of UPSC .Guidance program for GS paper 3 and Indian economy will be started from 16th November 2017.
To get register soon,Interested one can contact at
mail- indianeconomyias@gmail.com
7678456921
@CADhananjay
with best regards
Commerce Gurukul team
www.commercegurukul.wordpress.com
🌟CA Dhananjay Ojha🌟:
✅Recent Updates
Only 3 days left to get register for Indian economy guidance for upsc prelims and GS paper 3 guidance for UPSC mains 2018.
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Sovereign Gold Bonds
Ministry/Department : Ministry of Finance in association with RBI
Objective: To reduce the demand for physical gold by shifting a part of the demand for physical gold into investment in Gold Bonds
Scheme:
* Bonds will be issued by RBI on behalf of govt.
* To be sold through bank, post offices and Stock Holding Corporation of India Limited
* The risk of gold price changes will be borne by the Gold Reserve Fund that is being created
* Sovereign Gold Bonds will be issued on payment of rupees and denominated in grams of gold
* Customers can buy gold bonds which will be relatable to the weight of gold.
* The bonds will be issued in various denominations for 5-7 years with a rate of interest to calculated on the value of the metal at the time of investment.
* Max 500 gms gold equivalent bond can be purchased in a year by one person. (This has been changed. See below)
* Only offered to Indian citizen and institutions.
* Strict KYC norms.
* Interest taxable as per IT Act,
* Capital gains tax treatment will be the same as for physical gold for an 'individual' investor.
* Rate of interest will be decided by government
* The bonds will be issued in denominations of 5,10,50,100 grams of gold or other denominations
* Bonds can be used as collateral for loans
* On maturity, the redemption will be in rupee amount only.
* The rate of interest on the bonds will be calculated on the value of the gold at the time of investment.
Factual Information:
* Started in 2015
Progress so far and changes:
* The mobilisation target under the scheme was Rs. 15,000 crore in 2015-16 and at Rs.10,000 crore in 2016-17. However, the amount so far credited in Government account is Rs. 4,769 crore.
* Changes in scheme:
* The investment limit under the scheme per fiscal year has been increased to 4 kg for individuals, 4 Kg for Hindu Undivided Family (HUF) and 20 Kg for Trusts and similar entities notified by the Government. The ceiling will be counted on financial year basis and will include the SGBs purchased during the trading in the secondary market.
* Ministry of Finance (the issuer) has been given flexibility to design and introduce variants of SGBs with different interest rates and risk protection that will offer investment alternatives to different category of investors.