Government Policy articles

DGFT & CBIC: The ugly face of corrupt practice- 3rd Story

When you are in the position of power, it is very easy to abuse the authority. On the other hand, it is very difficult for an authority to find courage to accept a mistake & say sorry. This is truer of the Indian bureaucracy than anywhere else in the world because there is no responsibility […]...

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Posted Under: DGFT |

Service Exports from India Scheme (SEIS) An Incentive Scheme for Service Exports

Objective As per Foreign Trade Policy of India 2015-2020, Service Providers of Notified Services, located in India, shall be rewarded under SEIS, subject to conditions as may be notified. Objective of Service Exports from India Scheme (SEIS) is to encourage and maximize export of notified Services from India. Eligibility: Para 3.08 of FTP...

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Posted Under: DGFT |

Legal Entity Identifier (LEI) A Global Unique Code For Entities In Financial Transactions

ORIGIN AND NEED OF LEI The story of LEI Code starts 40 years ago from the BARCODE REVOLUTION in 1974, when Wrigley’s Chewing Gum packet with a BARCODE swiped under an electronic reader in a Super Market. This was the First time that any machine had “read” any item with a standardised 11 digit bar code […]...

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Posted Under: DGFT |

Whether Loan Waiver to farmers is one stop solution for eliminating Agrarian Distress in India?

In recent times, loan waiver to farmers has become common agenda in manifesto of political parties. This has again gained the light of the day ahead of 2019 general elections. In this article let us analyse whether loan waiver can become a brahma asthra to address all problems faced by the farmers in India or it is only a tool for politic...

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Posted Under: DGFT |

Political stability, Decisive Leadership and a Clear Mandate – Their Relationship with Growth

India’s post-Independence economic study can be divided into two parts with 1991 as a cut-off line. The regulated economy restricted India’s potential for forty years. From 1951-52 till 1990-91, India’s GDP grew by 4.2% per annum. The per capita income grew by 2% each year. ...

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Posted Under: DGFT |

How can you get funding under Pradhan Mantri MUDRA Loan scheme?

One of the biggest bottleneck for SMEs in India is the lack of financial support from the formal banking or financial sector which hampers growth of small businesses. To remove this bottle neck and provide finance to micro units or Entrepreneurs, MUDRA Bank has been setup as a subsidiary of SIDBI. MUDRA (Micro Units Development […]...

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Posted Under: DGFT |

DGFT & CBIC: The ugly face of corrupt practices—2nd story

It is very difficult to understand the motivations of the bureaucracy in pretending that they do not understand even the very basics & the system valuing those bureaucrats in increasing the inefficiency in the system. My understanding is that for these reasons, the stooges rise to the top & they have no fear in their […]...

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Posted Under: DGFT |

Blockchain: A Evolution, Not Revolution

Blockchain is based on smart contracts which are used for automating business processes. However, it needs to be ascertained that these contracts are used with proper business logic, and auditors should apply their due-diligence at each stage to track errors and anomalies....

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Posted Under: DGFT |

Legal Identity Identifier- A Bar Code for Corporates

Executive Summary At the time of the 2008 financial crisis, a single identification code unique to each financial institution was unavailable worldwide. It means that each country had different code systems to recognize the counterpart corporation of financial transactions and calculate the total risk amount. This resulted in difficulties...

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Posted Under: DGFT |

Carbon Credit- A brief Study

Carbon credit concept came into existence due to anincreasing amount of greenhouse gases into the atmosphere like carbon dioxide, methane, nitrous oxide, etc. The result of this increased GHG (greenhouse gas) leads to anincrease in temperature level, a rise in sea levels, etc. Because of these, the world may lead to serious trouble like f...

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Posted Under: DGFT |

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