Corporate Mania

Foreign Trade Policy (2015-20)  The new Foreign Trade Policy 2015-20 was unveiled by Commerce & Industry Minister, Mrs. Nirmala Sitharaman on 1st April 2015. It provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister. The focus of the new policy is to support both the manufacturing and services sectors, with a special emphasis on improving the ‘ease of doing business’. The new foreign trade policy aims at increasing exports of goods and services to 900 billion by 2019-20, from $466 billion in 2013-14. It seeks to raise India’s share in world exports from existing 2% to 3.5% in near future . Highlights The foreign trade policy, 2015-20 may be categorized into following three parts for better understanding: A. Simplification and Merger of Reward Schemes The existing reward schemes have been merged into tw...

Electronic commerce (ecommerce) is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet. Electronic commerce operates in all four of the major market segments: business to business, business to consumer, consumer to consumer and consumer to business. It can be thought of as a more advanced form of mail-order purchasing through a catalog. Almost any product or service can be offered via e-commerce, from books and music to financial services and plane tickets. From the point of view of business, there are two models of e-commerce. First model is known as i) Inventory based model of e-commerce- Inventory based model of e-commerce means an ecommerce activity where inventory of goods and services is owned by e-commerce entity and is sold to the consumers directly. ii) Marketplace based model of e-commerce- Marketplace based model of e-commerce means providi...

Reservation: The Nuances The Union Cabinet on Monday January 8, has approved Constitution Amendment Bill for giving 10 % reservation to economically backward section in the general category and bill will be extended to Muslim, Sikh, Christian, Buddhist and other Minorities Community. For this, the government has increased the session of the Rajya Sabha. Logic behind the Government's decision many political analysts are assessing the recent elections for the three state assemblies (Rajasthan, Madhya Pradesh and Chhatisgarh. The ruling BJP in the center believes that due to the anger of the upper castes, they lost in these elections; And this verdict is being seen as an attempt to turn the attitude of the upper caste to its own. Reservation Policy in India :- It is form of alternative action where % of seats are for people belonging to socially and educationally backward community and SC, STs who are inadequately represented in institution of Government Job and educa...