Centre of Indian Trade Unions (CITU) CITU stands for Centre of Indian Trade Unions. It is one of the major Central Trade Unions (CTU) in India. It is politically affiliated to Communist Party of India as its trade union wing. CITU believes in socialism and works with the belief that exploitation of the working class can be stopped …
The Insurance Regulatory and Development Authority of India (IRDAI) The Insurance Regulatory and Development Authority of India or the IRDAI is the apex body responsible for regulating and developing the insurance industry in India. It is an autonomous body. It was established by an act of Parliament known as the Insurance Regulatory and Development Authority …
Defence Acquisition Council The Defence Acquisition Council is the highest decision-making bodyin the Defence Ministry for deciding on new policies and capital acquisitions for the three services (Army, Navy and Air Force) and the Indian Coast Guard. The Minister of Defenceis the Chairman of the Council. It was formed, after the Group of Ministers recommendations on ‘Reforming the …
Enforcement Director (ED) Directorate of Enforcement is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India. Its Headquarters is situated at New Delhi. The Directorate enforced regulations under the Foreign Exchange Regulation Act, 1973 but later on FERA is being replaced by the FEMA. There are five Regional …
Index of Industrial Production (IIP) Index of Industrial Production (IIP) is an index that shows the performance of different industrial sectors of the Indian economy. The IIP is estimated and published on a monthly basis by the Central Statistical Organisation (CSO) . As an all India index, it gives general level of industrial activity in …
Corporate Social Responsibility (CSR) The term “Corporate Social Responsibility” in general can be referred to as corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare. In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013. India is the first country in the …
Pradhan Mantri Garib Kalyan Yojana (PMGKY) Relief Package Finance Minister announces Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus Insurance cover of Rs 50 Lakh per health worker fighting COVID-19 to be provided under Insurance Scheme 80 crore National …