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GeM SCHEME-2017

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The government of INDIA has launched a new training programme called GeM (Government e-Marketplace). The main aim/objective of this scheme is to help all the government officials in purchasing goods at this portal, which they used commonly or regularly. It may be Air conditioning, furniture, Computer and its accessories with services, housekeeping services, etc… Any ministry or department can buy goods up to Rs.50000/- directly through this portal. If the cost of goods or services exceeds that amount, the purchases have to be made through price comparison or by bidding or through reverse auction. Advantages for Buyers Provision of easy return policy. Provides transparency and ease of buying Makes available in search, compare, select and buy facility Up-to-date user-friendly dashboard for buying, monitoring supplies and payments Enables buying of Goods and Services online as and when required. Ensures continuous vendor rating system. Advantages for sellers
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What does subsidy mean | definition | economics | define | example

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  What does subsidy mean | definition | economics | define | example                          Since from independence India has given more importance to maintain social justice. At the time of independence India’s per capita income was very low, to help the poor the government took several measures to provide the daily commodities at a price lower than the market price and giving subsidy was one of the important measure. Then what does subsidy mean? It is the type of financial support in the form of money given by the government to business institutions or industries to provide their products& service at lower price and the government will recoup their los s. How it works? If a company is selling its product at Rs.100 to reduce the price burden for common people the government ordered the company to sell at Rs.60 and RS. 40 loss incurred by the company will be compensated by the government through subsidy. Though ethically this form may be beneficiary but if it i
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Phishing threat to global economy

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“Hi your mobile number has won in lottery prize, you won $200000  please send your bank a/c details, your address & deposit some amount to some xxx a/c to get the prize money “. Sometimes you might have received these types of sms or e-mails if you believe this & if you had send your personal details to them means you are in the phishing bone. What is this phishing? Phishing is a way of cheating users through sending fake emails or sms. Phishing is a criminal activity that attempts to get users or customers sensitive personal details/information in a fraudulent way.  Normally these sms & emails are send in the name of bank or finance institution which are legally existed by creating fake websites of those institution and requesting users to login for the links that have been sent and asking them to enter their personal details like bank account number, passwords, address & finally asking you to deposit some amount to the a/c mentioned or to send the money to
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Gender discrimination at work place

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      In recent decades many companies have noticed a rapid growth due to implementation of cross cultural management in their organization and in these organization women are working equal to men. This change has made these organization to be transparent in giving opportunities to everyone. However still women employees are getting paid less than men & this is not subject to only one or two country this has become a global issue & companies should try to solve this issue. As per the Global gender difference ratio report 2015 India ranked 129 th place out of 145 countries in not paying equal salary to equal post. In the period between 2005-2014 the participation of women workers union has decreased to 10% reported by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). From Past few years recruiting women for jobs increasing day by day and they are getting more job opportunities in housekeeping, cooking, and beautician field and also in data entry as
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Digital cashless Indian economy without internet

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  The demonetisation of currency notes completed 3 months. On 8 th November 2016 our Prime Minister Narendra Modi said this decision was to control black money, to avoid illegal & excess storage of high value currency notes, to reduce corruption and to control the finance resource for the terrorist activities.   But now the argument had been changed our Prime Minister Narendra modi including his cabinet ministers, party leaders & members are supporting demonetisation and saying it is a step towards cashless or digital economy.   A piece of paper becomes mode of exchange because of RBI governor’s signature printed on it saying that ‘I PROMISE TO PAY THE BEARER THE SUM OF RUPEES’. If this assurance converted to digital use then it will be Digital cashless Indian economy. It is not that much difficult to convert the cash which is the mode of exchange from physical to digital form. The debit/credit and other cards in the common people pockets tell you that our Indian ec
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Acharya Balakrishna: The man behind Baba Ramdev’s Patanjali Company

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He is the fraud, cheater , he has a gun without license, his citizenship is questionable, 4 years ago these were the complaints charged against Acharya Balakrishna by the CBI department. But due to lack of proper  evidence & proof complaints were withdrawn in the year 2014 and there is a rumour that he had a courtesy by the NDA government in getting relief from all the cases filed against him. Whatever the fact now Acharya Balakrishna is the present Chairman of Patanjali company and his present net worth is around  Rs. 160 billion (16000 crore) he ranks 48 th place in Forbes list of richest Indians and 26 th among 339 people’s list bu Hurun India. Many were surprised when his name was published in the list of richest Indians. But the actual reason behind his success is two facts one is Baba Ramdev & the other is his strategy in blending swadeshi ideology & Ayurveda importance in his products which both were well  crafted and executed in most efficient manner which mad
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ROLE OF KISAN CREDIT CARD IN RURAL AND AGRICULTURE DEVELOPMENT

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ABSTRACT Kisan Credit Card It was started by the Government of India, Reserve Bank of India (RBI), and National Bank for Agriculture and Rural Development (NABARD) to help farmer’s access timely and adequate credit. KCC scheme was introduced in the Banks in August 1998.The aim of Kisan CREDIT CARD Scheme (KCC) is to provide adequate and timely support from the banking system to the farmers for their short-term credit needs during their cultivation for purchase of inputs etc. ,during the cropping season. Beneficiaries covered under the Scheme are issued with a credit card and a passbook or a credit card cum passbook incorporating the name, address, particulars of land holding, borrowing limit, validity period, a passport size photograph of holder etc., which may serve both as an identity card and facilitate recording of transactions on an ongoing basis. Borrower is required to produce the card cum passbook whenever he/she operates the account Institutional credit, which
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