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Oct 1st-Indian Economic Policies - Coggle Diagram
Oct 1st-Indian Economic Policies
RBI
accommodative stance means
Central Bank
cut rates
to inject money
into financial system
whenever needed
layman term
telling the market to expect a rate cut anytime
neutral stance means
RBI alter rates
in any direction
to control
money supply
in the system
layman term
this doesn’t have any particular meaning. This means there can be a rate cut or rate hike anytime
calibrated stance means
shift in monetary policy
rate cut is off
the table this cycle
investors
indicated about
possible increase
in policy rates
in the future
layman term
To indicate an impending rate hike
Stance
policy guidance
to financial market
declared by
Central bank
investors
can make informed decisions
DIPAM
executive authority
monetise assets of
central public sector enterprises
public sector undertakings
immovable enemy properties
apart from assets of other
govt org
govt set threshold
Department of Investment and Public Asset Management
decided
monetised by DIPAM framework
assests having value of 100 crore and above
monetised by the owner
assests below 100 crore below
Owner (CPSE/administrative ministry/
department)
part of Finance minstry
known as nodal department for disinvestment
established for
laying down the procedure and
mechanism for strategic disinvestment of CPSEs
approved by
Cabinet committee on Economic Affairs
(CCEA)
chaired by PM
past strategic disinvestment
start with recommendation
Disinvestment Commission
now NITI Ayog
perform the role of Disinvestment Commission
Double Tax Avoidance Agreement
DTAA applies
to any cross-border transactions
meaning
if a person is a resident
of one country
and derives income from
another country
Through DTAA
NRI cannot completely
avoid paying taxes
but can cut down
on tax implications on the income
earned in India
NRI
still have to pay
tax deducted at source (TDS)
on Income
which they can claim
as exemption or credit under DTAA
Important purpose
DTAA between two countries
serves
reducing instances of tax evasion
