Mridusmita

World Trade Organisation (WTO) is an international organization with 164 member countries and headquarters in Geneva, Switzerland The primary purpose of WTO is to reduce trade barriers between nations. The agreements negotiated and signed by the member countries are an integral part of WTO. These agreements deal with global rules of trade between member countries. …

WTO: Meaning, Origin, Objective, Principles & Organisational Structure Read More »

India’s exports declined by 1.1% in October to $23.1 billion and are expected to fall further in November.  The last time exports growth fell into the negative category was in July 2016. This dip has been attributed to the transition to Goods and Services Tax (GST). (Read: Goods and Services Tax Explained) The exporters are facing …

Impact of GST on Exports – Working Capital stuck as refunds delayed Read More »

Update on 2/1/2014: The Government of India has constituted the 16th Finance Commission and appointed Arvind Panegriya as the Chairman. The commission will submit recommendations for the five-year period (2026-27 to 2030-31) (You may also read: NITI Aayog replaces Planning Commission) What is Finance Commission? It is a quasi-judicial body set up under Article 280 …

Explained: Finance Commission and its functions Read More »

The Government launched the Saubhagya scheme or Pradhan Mantri Sahaj Bijli Har Ghar Yojana in September 2017. The Saubhagya scheme was launched to ensure electrification of all willing households in the country. Under the scheme, power connection will be provided free of cost to all poor families. Other households would also be provided electricity connections …

Modi’s Saubhagya scheme – All you need to know Read More »