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Tier
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Activity
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1
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1 ½ (1.5)
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2
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3
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Wednesday, 18 July 2012
ARF process is three-tiered
ARF Member states
- ARF has total 27 member states.
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ASEAN Countries (10)
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Dialogue Partners (10)
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Other nations (7)
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What is ASEAN Regional Forum (ARF)?
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Birth
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1993
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Function
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- Involves minimal institutionalization,
- The chair of the ARF is rotated annually. The ARF Chairman's Statement, the organization's official declaration, is issued after each ARF meeting.
- decision making by consensus,
- use of both “first track” (official) and “second track” (nonofficial) diplomacy.
Tuesday, 17 July 2012
INDIAN ECONOMY-- Short Notes
Asian Development Bank ?????
The ADB was initially sponsors by the ECAFE started
functioning in 1966. 59 member countries. In 1974 ADB Launched ADF Asian development
fund.
Rangrajan committee was setup for ?
ANS.- Financial
Inclusion
What is Sovereign Debt?
Bonds issued by a national government in a foreign currency,
in order to finance the issuing country's growth.
TIEA???
Tax
Information Exchange Agreement.
Recently signed between India and Bahrain, aimed at economic
co-operation and joint investment.
what do we mean by 'Hindu rate of growth'?
Professor Raj Krishna coined this term. It indicates the low
grow rate of India before 1991. This is a comment that refers that the country
like with High Hindu population has not attained the growth rate especially as
south Asian tiger countries achieved.
What is Venture Capital Fund?? and why in news
today?
An investment fund that manages money from investors seeking
private equity stakes in startup and small- and medium-size enterprises with strong
growth potential. These investments are generally characterized as
high-risk/high- return opportunities.
what is Libor ??
The London Interbank Offered Rate (or LIBOR) is a daily
reference rate based on the interest rates at which banks borrow unsecured
funds... banks charging interest rates on loans with each other.
Harod Domar model ?
It suggests that Capital and Labour are important for an
economy to develop.
Our first five year plan is based on this model.
Anand Marriage Act, 2012. ?
Recently passed by parliament it has codified procedure of Sikh marriages which were earlier done according to Hindu marriage laws.. but other
aspects including divorce succession etc are still according to Hindu laws.
Kelkar Commission
The 13th Finance Commission, with Vijay Kelkar as Chairman
was constituted in Nov 2007. The Finance Commission is ordained by Article 280
of the Constitution.
The main recommendations of the Kelkar
Commission include
Senior citizens and widows to have exception limit on income
tax of Rs 150,000.
Three types of income
tax slabs: up to Rs 1 lakh (no tax), Rs 1-4 lakh (20% tax), Above Rs 4 lakh
(30% tax).
Abolition of dividend tax and long term capital gain.
Income tax on
agriculture to be withdrawn.
Higher duty of 150%
for specific agro products and demerit goods
Complete exemption of custom duty for life saving drugs,
equipment, and defense related goods.
Peel Commission ?
Commission set up by England to demarcate the boundaries
between the lands of Jews and the Arabians in Palestine.
Sarkaria commission ?
Headed by retd. supreme
court judge Rajender Singh Sarkaria, the commission was set up by central govt
in June 1983 to study and report the balance of power shared by the centre and
states and to recommend necessary constitutional changes.
Stagflation ? in simple terms n causes of it?
Combination of d word Stagnation and Inflation ... it means
d growth is stagnant with continuously roaring prices ... it may happen due to poor
govt policies or some external crisis for eg- Eurozone crisis has a great effect
on d growth rate in India ! it has also triggered inflation in thecountry with
prices increasing at a rapid rate.
Treaty shopping. ?
Getting tax benefits from own country and working or
migrated country due to non-tax agreements between these two countries.
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