Economy Flashcards
Difference between Greenfield and Brownfield Projects.
Greenfield Projects are projects that start from the scratch and are not limited in expansion by the pre-existing conditions.
Brownfield Projects are one’s where the project is handed over to a new entity for completion or undertaken within a Constrained System (Pre-existing Conditions).
What are Industrial Corridors?
Name some Industrial Corridors in India?
- Industrial Corridors are Multi-modal Infrastructure that facilitates the socio-Economic development. The feature which are included in them are Rail, Road, Ports, Airports, Logistics Parks and Trans-shipment Hubs, Knowledge parks and Other Infrastructure.
- Some corridors = Chennai to Bangalore, Bangalore to Mumbai, Mumbai to Delhi, Delhi to Kolkata, Vizhagapatnam to Chennai.
(Some new Nodes - Krishnapatnam and Tumakuru.
What are the Eight Core Industries?
Eight core Industries constitute about 40% of Index of Industrial Production.
Order of Weightage:
Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers
What is an International Financial Services Center?
Where can it be established in India? Has it been? Where?
An IFSC is a Financial Products and Service Provider which caters to the International Market outside Domestic Economy.
Eg: Singapore, London, New york (Shanghai & Dubai)
Functions: Fund-raising, Asset and Wealth Management Global Tax optimization and several Others.
A IFSC can be established in a Special Economic Zone (Existing or a new one) based on the SEZ Act. Also it waives off the Securities Transaction Tax applicable within India.
1st - Gujarat International Finance Tec-City Co. Ltd(GIFT), Gandhinagar.
What is Positive Pay System?
When is it mandatory? How can it be used and can it be done on a discretionary basis?
It is for cheque based Transactions.
The Issuer of a cheque will have to electronically submit certain minimum details of the particular cheque (such as date, name of the beneficiary, payee and amount) to the drawee bank. Doe thru - ATM, Internet banking, SMS, mobile app.
It will be Cross verified with the CTS already in use.
For above 50,000rs we shall have it Discretionary but above 5,00,000rs it may be made mandatory by hte Drawee banks.
SEBI notified norms to set up Stock Exchanges in India?
SEBI has floated a discussion paper on review of ownership and governance norms to facilitate new entrants to set up stock exchanges and depositories, otherwise called as market infrastructure institutions (MIIs).
key proposals:
- A resident promoter setting up an MII may hold up to 100% shareholding, which will be brought down to not more than (either 51% or 26%) in 10 years.
- A foreign promoter from Financial Action Task Force FATF member jurisdictions setting up an MII may hold up to 49% shareholding, which shall be brought down to not more than (either 26% or 15%) in 10 years.
- Foreign individuals or entities from other than FATF member jurisdictions may acquire or hold up to 10% in an MII.
- Any person other than the promoter may acquire or hold less than 25% shareholding.
What are the publicly Available Assets to Union Government?
Are there any available to State government?
Does spectrum auction come under Union government?
How much is the time period of the Spectrum allotted?
The Union government owns all the publicly available assets within the geographical boundaries of the country, which also include airwaves.
Yes! It comes under Dept. of Telecommunications
It is generally allotted for 20years.
