According to a report from the Ministry of Skill Development and Entrepreneurship, as opposed to developed countries, where the percentage of the skilled workforce is between 60% and 90% of the total workforce, India records an abysmal 4.69% of the workforce with formal vocational skills. There is a huge discrepancy between education, skill training and …
Details of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Read More »
The Organization of the Petroleum Exporting Countries(OPEC) has designed a deal to cut its oil production by 1.2 million barrels per day. This has been done to increase the oil prices globally. It has planned to re-balance the oil market by cutting back its production to 32.5 million barrels per day from 1 January 2017. …
TPP( Trans-Pacific Partnership), a pact branded as the world’s most ambitious free-trade agreement is nearly coming to end. Involving 12 Pacific Rim countries, including America, Japan and Canada, the Trans-Pacific Partnership represented roughly 40% of global GDP, and one-third of world trade. (Read in detail about TPP in this article: The Trans-Pacific Partnership Deal (TPP): Demystified)
“Written off does not mean maafi…. It doesn’t mean that the loan ceases to be a loan. We will still chase the loan, the entry in the book changes from being a performing asset to a non-performing asset.” -Finance Miniter, Shri Arun Jaitley Write-offs are a very common tool to clean up bank balance sheets around …
Don’t be confused- Loan Write off is not a Waiver Read More »
On 22 January 2015, the Prime Minister Narendra Modi launched a special deposit scheme known as the Sukanya Samriddhi Yojana. Under this scheme, the natural or legal guardian of a girl child can open an account in her name and avail certain benefits. The objective of the scheme is to alleviate the worries of Indian parents …
There has been a pronounced change in the approach of Government in dealing with the unemployment crisis. The current approach is more based on creating small entrepreneurship or giving the people more opportunities to start small-scale enterprises of their own.