GST – One Nation, One Tax, One Market India is a federal country. Both the Centre and the States has the powers to levy and collect taxes. Both the levels of Government have distinct responsibilities to perform for which they need to raise resources. Existing Indirect Tax Structure in India Central Taxes Central Excise duty […]

UGC NET UPSC The Consumer Protection Act, 2019 replaced the old Consumer Protection Act, 1986. It comes into effect from July 20, 2019 The Consumer Protection Act, 2019 Consumer Protection Act, 2019 is a law to protect the interests of the consumers. This act was inevitable to resolve a large number of pending consumer complaints […]

UGC NET Foreign Exchange Management Act (FEMA) FEMA is a set of regulations that empowers the Reserve Bank of India to pass regulations and enables the Government of India to pass rules relating to foreign exchange in tune with the foreign trade policy of India. The Foreign Exchange Management Act, 1999 (FEMA) is an Act […]

UGC NET : International Monetary Fund (IMF) UPSC : International Monetary Fund (IMF) International Monetary Fund (IMF) The International Monetary Fund (IMF) is an organization of 189 countries Bretton Woods Bretton Woods is a place in New Hampshire State of USA In 1944, President Roosevelt hosted a conference here, to rebuild the world economy, after […]

UGC NET : The World Bank UPSC : The World Bank The World Bank is an international organization that helps developing countries to reduce poverty, increasing shared prosperity, and promoting sustainable development. Formation: July 4, 1944 Member states: 189 member countries (As on 14.09.2020) President: David R. Malpass (13th President) till April 8, 2024 Purpose: […]