Per Capita, What It Means, Calculation, How to Use It

Per capita means per person. It is a Latin term that translates to “by the head.”  It’s commonly used in statistics, economics, and business to report an average per person. It provides a way to approximate how an organization affects each individual. For example, it’s used to compare the economic indicators of countries Read More …

India slips 21 slots on WEF Gender Gap index 2017

Context: India slipped 21 places on the World Economic Forum’s (WEF) Global Gender Gap index to 108, behind neighbours China and Bangladesh, primarily due to less participation of women in the economy and low wages. Moreover, India’s latest ranking is 10 notches lower than its reading in 2006 when the Read More …

Footwear Design & Development Institute Act 2017

Introduction: Footwear Design & Development Institute (FDDI) has been declared an ‘Institute of National Importance’ under Ministry of Commerce & Industry, Government of India. The FDDI bill was passed by the Parliament in July 2017. The Provisions of FDDI Act 2017 have come into force from today, according to the Read More …

GST & Small and Medium Businesses

GST is breaking down barriers created by the older, complicated tax structures, paving the way for a unified marketplace and is making it easier to conduct business. While large corporates have been the prime driver and beneficiary of economic growth so far, the next stage of economic growth will need Read More …

National Trade Facilitation Action Plan

Finance Minister Arun Jaitley released the National Trade Facilitation Action Plan (NTFAP). The NTFAP was considered a major milestone for the global trading system. About the NTFAP: The NTFAP gives a time bound map, not only for implementing WTO-Trade Facilitation Agreement (TFA) but also for India’s initiatives for trade facilitation Read More …

What is the lowdown on minimum support price for crops?

What is it? Amid farmers’ unrest in many parts of the country, the demand for an increase in minimum support price (MSP) has been voiced regularly. A part of the agricultural price policy, MSP is the price at which the government offers to procure farmers’ produce during the season. While Read More …

First Maize Based Mega Food Park in Kapurthala, Punjab

Union Minister of Food Processing Industry laid the foundation stone for First Maize based Mega Food Park in Kapurthala, Punjab. Maize is an amazing cereal and is an alternate to Jhona(paddy) and Kanak (wheat). Maize is rich in protein, provides nutritional requirements that India needs and Maize consumes much lesser water and could Read More …

SASEC Road Connectivity Investment Program

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for upgradation and widening of 65 kms of Imphal-Moreh Section of NH-39 in Manipur. Manipur being a landlocked state with almost 90% of the area under difficult terrain presently has only road transport Read More …

Advantages and Disadvantages of Goods and Service Tax

Fodder Points for Mains: The goods and services tax, one nation, one tax and one market is a radical step towards India’s transformation into a common market. GST was not just about taxation reform that would help businesspersons by putting an end to tax terrorism, but is a measure that will Read More …

Startup India Virtual Hub

The Commerce & Industry Minister launched the Startup India Virtual Hub, an online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other. Startup India Virtual Hub is an effort to create a marketplace where all the stakeholders can interact, exchange knowledge, Read More …