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 …

Six steps to job creation

Introduction: India is indeed the fastest growing large economy in the world; yet with investment low, credit offtake low, capacity utilisation in industry low, agricultural growth low, plant load factor low, it is hardly surprising that job growth is low as well. Who are in need of Jobs? In India’s Read More …

Recommendations of the NK Singh (FRBM Review) Committee

The FRBM Review Committee headed by former Revenue Secretary, NK Singh was appointed by the government to review the implementation of FRBM. In its report submitted in January 2017, titled, ‘The Committee in its Responsible Growth: A Debt and Fiscal Framework for 21st Century India’, the Committee suggested that a 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 …

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 …