Result declared
Can India be a 5 Trillion Economy by 2024? (ESSAY)
India has been steadily growing amid lots of ups and downs. In fact, Bharat has transformed into India. When India got Freedom, its economy was quite sufficient to even feed its people properly and until 1991, it was not able to compete with the outer world. The country has witnessed a rapid growth after the Indian economy had been declared liberal; it is now an open market. The domestic market is now able to compete successfully with multi-national companies thus expanding their horizon bringing a lot of growth opportunities in the country. At present, India is 2.70 Trillion Economy which by 2024, it is assumed to have become a 5 Trillion Economy. It is viable on the basis of the following facts.
India is going digital very fast; internet connectivity has reached out to 627 Million people and in the coming years, National Digital Liter............. http://www.bankwhizz.com/capsules-details?c=Can-India-be-a-5-Trillion-Economy-by-2024
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Corporate Tax Rate Cuts :How the decision will have an impact on the economy?
- More Money to the hands of Private players: Experts believe that lowering the tax rate will leave more money to the hands of the private sector which can offer people more incentive to produce and contribute to the economy.
- Widening the Economic Base: Corporate tax rate is the major determinant which defines the economic activity of the private sector. Thus, the present tax cut can help the wider economic growth.
- Capital Inflow to the Economy: Corporate tax rate is also a major determinant of how investors allocate capital across various economies. Offering a lower tax rate will attract more investors to the economy that will further raise capital inflow into the economy.
- Competitive Economy: The present cut in taxes can make India more competitive on the global stage by making Indian corporate tax rates comparable to that of rates in East Asia.
- Greater Tax Collections: At the same time, the present tax cut can help boost tax collections and compensate for the loss of revenue.
- Expansion of the Corporate Footnote: The benefit is immense as it might expand the corporate universe as new firms will now be taxed at 15 percent.
- More Employment to the Economy: Attracting investors by lowering the tax rate will generate more employment and will help increase the purchasing power of the people.
- Flip to the Government Programme: The move will also give thrust to government initiatives like Make in India, Startup India, etc. which had taken a hit in the past couple of years.
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Pollution: A Menace (ESSAY)
Pollution in general sense refers to the presence of a substance harmful to the living entities. It may occur either in the air or in water, in soil or in sound. It has reached its height affecting the entire eco-system of the earth.
With the growth of human civilization, man has been on the continuous to overpower nature. In order to get comfort and cater to the needs of a whopping population, deforestation has taken place. To get surplus food-grains, he has over-exploited soil and then contaminated it by using urea and pesticides to an alarming level and thus posing a serious threat to the very health of the living entities. The overuse of urea and harmful chemic ...................http://www.bankwhizz.com/capsules?c=IBPS-PO-2019-Descriptive-Paper&s=Essay
Financial inclusion – A requirement for all ages in India SellFinancial Inclusion means including people of all factions in the economic system of the country. Its main objective is to enable the financial system to reach out to even the remotest area of the country. The United Nations defines the goals of financial inclusion as:
Financial inclusion allows people to access a full range of financial services at a reasonable cost. The financial services may include savings or deposit services, payment, and transfer services, credit and insurance; safe transactions; choice of financial institutions, etc.
More than 70 years have gone by since India got Independence. Still, India is the sec................http://www.bankwhizz.com/capsules…
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