Please enable JavaScript.
Coggle requires JavaScript to display documents.
ECONOMY-Module-1 Part-2 - Coggle Diagram
ECONOMY-Module-1 Part-2
Tax Terrorism
refers to unjustified
demand of tax by gov
to increase the tax revenue
Fiscal Stimulus
intense affirmative action of gov
to boost economic activity
from its own coffers or
slashing tax rates
put more money
in the hands of consumers
Monetary Stimulus
Central Bank
expanding money supply or
reducing the cost of money (Interest Rates)
to spur consumer spending
NFRA
National Financial Reporting Authority
Companies Act 2013 provides
setting up NFRA
set accounting and auditing standards
monitor and enforce compliance with stds
oversee the accounting profession´s record
take away significant
regulatory powers from
Institute of Chartered Accountants of India
National Investment Fund
receives proceedings
from disinvestment in PSUs
corpus of fund
permanent in nature
provide
sustainable return to govt
maintained outside of CFI
selected public sector mutual funds
UTI Asset Management Company Ltd
SBI Funds Management Private Ltd
LIC Mutual Fund Asset Management Company Ltd
entrusted with management
of NIF corpus
As per this scheme
75% of annual income of NIF
used for financing
selected social sector schemes
which promote education,
health, and employment
JNNURM, AIBP, RGGVY, NREGS, and
Accelerated Power Development and Reform Programme
residual 25% of annual income of NIF
used to meet the capital investment
requirements of profitable and
revivable PSUs
Strategic disinvestment
CG approved sale of govt stake
BIPCL, SCI, CONCOR
cut shareholding in PSU below 51%
entire holding
in THDC India, NEEPCO
announced by Finance minister
competitiveness in capital goods
factors responsible
for increasing competitiveness
healthy labor force
essential to competitiveness
and productivity of economy
Artificially depreciated currency
given by govt
Tax advantages and
Govt subsidies
lower interest rates
simpler labor law
Better infrastructure
leading to lower cost of power, transportation
and cluster approach
helping specialization of labor
and engineering skills