Indian Economy

FCRA

The Foreign Contribution Regulations Act(FCRA) No. 42 of 2010 The Foreign Contribution Regulations Act or FCRA is a law enacted by Parliament to regulate foreign contribution (especially monetary donation) provided by certain individuals or associations to NGOs and others within India. 🧐Why its in the news? Three NGOs- Rajiv Gandhi Foundation(RGF), the Rajiv Gandhi Charitable […]

BITCOINS : THE EMERGING CRYPTOCURRENCY

BITCOINS : THE EMERGING CRYPTOCURRENCY CRYPTOCURRENCY :                           It is a digital asset designed to work as a medium of exchange wherein the digital coin ownership records are stored in a digital ledger or computerized database. BITCOINS : It is a type of cryptocurrency .It was first described in 1998 ,by WEI DAI and proof of

MGNREGA

MGNREGA (MAHATMA GANDHI NATIONAL RURAL EMPLOYMENT GUARANTEE ACT,2005) (picture courtesy :- jamshedpur.nic.in) Launched in 2006. The mandate of the MGNREGA is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual labour work. It is a bottom up, people-centred,

PERMANENT ACCOUNT NUMBER (PAN)

WHAT IS PAN ? PAN  stands  for  PERMANENT  ACCOUNT  NUMBER. It is a ten digit unique alphanumeric identification  number . It is issued by income tax department  under Indian Income Tax Act, 1961 . BLG………D(illustrative example) Out of first five characters, FIRST THREE characters represents the alphabetic series running from AAA TO ZZZ. BLGP………D (illustrative example) The FOURTH character

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