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Showing posts with the label #government

Indian Rupee, Economy and its Growth

  Economy is “the state of a country or region in terms of the production and consumption of goods and services and the supply of money” (OR) careful management of available resources. Economy might affect both business and development, the factors that affect economy are might be tax rate, inflation, labour, demand, supply, recession, education, training, law and policies etc… We can improve the economy by reforming tax systems, improving infrastructure, protecting financial sectors etc. To increase the rupee value or Indian currency value, Indian government needs to adopt the following measures: -Increase our export trades by producing higher quantities of Indian goods that are in demand abroad. We also need to start manufacturing or producing new stuff that is in demand abroad. India needs to prepare itself to develop the economy, country, products/goods, services, etc what if every MNC investors leave INDIA? Where will India stands? From past few years, India is still a develop

Bribe and Corruption

  Bribery is the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. The Prevention of Corruption Act, 1988 (PC Act) is the primary legislation penalising bribery and corruption in India. It specifies acts that constitute offences and provides for prosecution for those offences. Money is really important for everything and for every need, to live life, we need money, to live happily, we need money, to eat some, we need money, to get something, we need money and what not, for each and every small thing, we need money. Money is playing a vital role in human life. Human is not ruling the world but money is. India is the 85 least corrupt nation out of 180 countries, according to the 2021 Corruption Perceptions Index Corruption in India is an issue which affects economy of central, state and local government agencies in many ways. Corruption may also decrease the productivity of in

System In India

  India is a developing country and it will be a developing country. India is not just an India, this country has different states, different cultures, different traditions. People here are following their fore-fathers customs and rituals. But the bad thing is political drama, Indian people are surrendering themselves to the politicians and believing their word, loosing the unity as Indian. Politicians separating these people with the name “CASTE”. Do people born to caste? If caste is important, then don’t make friends from other caste people, don’t work under any manager or any companies because the owner of the company or the manager belongs to different castes, don’t touch the coins and currency notes because the person who is printing them might be from different caste, don’t use electricity because the workers and operators in the electric department are from different caste. It is very bad that instead of encouraging a player from Olympics, people are trying to humiliate th

Privatisation

  The transfer of ownership, property or business from government to private sector is termed as Privatisation. The process in which a publicly-traded company is taken over by a few people (Private Company) is also called privatization. The company gives up the name 'limited' and starts using 'private limited' in its last name. Privatization is considered to bring more efficiency and objectivity to the company, something that a government company is not concerned about. Also, it helps in escalating the performance benchmarks of the industry in general. India went for privatization in the historic reforms budget of 1991 , also known as 'New Economic Policy or LPG policy '. Privatization has a positive impact on the financial growth of the sector which was previously state dominated by way of decreasing the deficits and debts. Privatization will give ample space for creative and innovative thinking as well as systematic and strategic planning to realize the