OIL SPILL: An oil spill is the release of a liquid petroleum hydrocarbon or naturally extracted oil into the environment, especially marine areas, due to human activity and is a form of pollution. Remedies: 1.Dispersant: Dispersants are chemicals that when applied to oil floating on the surface greatly increases the rate of dispersal and breakdown of the oil. Dispersants assist the natural process where the … Continue reading Everything about OIL SPILL
Swiss challenge method is a process of giving contracts. Any person with credentials can submit a development proposal to the government. That proposal will be made online and a second person can give suggestions to improve and beat that proposal. It is a method where third parties make offers (challenges) for a project within a designated period to avoid exaggerated project costs. Swiss model: The … Continue reading What is ‘Swiss challenge’ approach?
The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP). They are: Coal (weight: 4.38 %) Crude Oil(weight: 5.22 %) The Natural Gas(weight: 1.71 %) Petroleum Refinery (weight: 5.94%) Fertilizer (weight: 1.25%) Steel (weight: 6.68%) Cement (weight: 2.41%) Electricity generation (weight: 10.32%) - max weightage IIP IIP measures the quantum of changes in the industrial … Continue reading Index of Industrial Production (IIP)
It’s an equalization levy It’s only for B2B transactions India became first country in the world to impose equalization levy Continue reading Google Tax
The small finance bank will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganized sector entities. What they can do: Take small deposits and disburse loans. Distribute mutual funds, insurance products and other simple third-party financial products. Lend 75% of their total adjusted net … Continue reading Small Finance Banks
Organic Farming : – Paramparagat Krishi Vikas Yojana (PVKY): It is one of the schemes under NMSA (National Mission for Sustainable Agriculture) to promote organic farming. Under PKVY, Organic farming is promoted through cluster approach and local quality assurance systems. It is proposed to develop 10,000 clusters with a size of 20 hectare so as to increase the area 2 lakh hectare in 3 years. The assistance under the scheme is under different … Continue reading Paramparagat Krishi Vikas Yojana (PVKY)
Vishakhapatnam – Chennai Costal Corridor The Visakhapatnam-Chennai Industrial Corridor section of the East Coast Economic Corridor, connecting four economic hubs and nine industrial clusters, will mark the first industrial corridor developed along India’s coast. The East Coast Economic Corridor will ultimately extend from Kolkata to Tuticorin The Indian government is keen to encourage manufacturing, including through its “Make in India” initiative, to maintain strong economic … Continue reading India’s First Coastal Corridor