Internal Control

 Revision notes/ quick bytes Paper I, Part C: Accounting and Auditing: Internal Control   Internal Control: Internal control comprises of the plan of the organisation and all the coordinate methods and measures adopted within a business to safeguard its measures adopted within a business to safeguard its assets, check the accuracy and reliability … Read more Internal Control

Rural Development Initiatives

 Rural development initiatives :Karnataka Urban Ashraya/Vajpayee Urban Housing Scheme This is State Sponsored scheme implemented for urban poor and it was introduced by the Government in the year 1991-92. The annual income of the beneficiary is Rs.32,000/-. The beneficiaries are selected by the Ashraya Committee comprising both official and non official members appointed … Read more Rural Development Initiatives

Tax Laws

 Tax Laws: Laws relating to income, Profits, Wealth Tax, Corporate Tax The Income-tax Act, 1961 The Income Tax Act, focusing on the rules and regulations of tax regulation, was initially put into existence in the year 1961. Under this act, everything related to taxation and more are mentioned which also includes collection and … Read more Tax Laws

Urbanisation

 Introduction Urban areas have been recognized as “engines of inclusive economic growth”. Of the 121 crore Indians, 83.3 crore live in rural areas while 37.7 crore stay in urban areas, i.e approx 32 % of the population. The census of India, 2011 defines urban settlement as :- All the places which have municipality, corporation, … Read more Urbanisation

Urbanisation

 Introduction Urban areas have been recognized as “engines of inclusive economic growth”. Of the 121 crore Indians, 83.3 crore live in rural areas while 37.7 crore stay in urban areas, i.e approx 32 % of the population. The census of India, 2011 defines urban settlement as :- All the places which have municipality, corporation, … Read more Urbanisation

Indian Industry

 Indian Industry : An introduction Industry accounts for 26% of GDP and employs 22% of the total workforce. According to the World Bank, India’s industrial manufacturing GDP output in 2015 was 6th largest in the world on current US dollar basis ($559 billion), and 9th largest on inflation-adjusted constant 2005 US dollar basis … Read more Indian Industry

Indian Industry

 Indian Industry : An introduction Industry accounts for 26% of GDP and employs 22% of the total workforce. According to the World Bank, India’s industrial manufacturing GDP output in 2015 was 6th largest in the world on current US dollar basis ($559 billion), and 9th largest on inflation-adjusted constant 2005 US dollar basis … Read more Indian Industry