What is a ‘sunset’ clause? Sunset clauses require that certain provisions or laws will cease to be effective from a predetermined date unless they are reauthorized. Sunset clauses have been frequently used in India in fiscal and tax laws, e.g., …
What are DisComs? DisComs (Distribution Companies) are the utilities that typically buy power from generators and retail these to consumers. Financial issues with DisComs Post COVID-19 COVID-19 aggravated financial stress COVID-19 has completely shattered incoming cash flows to utilities. There …
About Merchandise export from India scheme: Merchandise Exports from India Scheme (MEIS) is one of the two schemes introduced under Foreign Trade Policy of India (FTP 2015-20), as a part of Exports from India Scheme. The other scheme is Service …
What is Disinvestment? Divestment or disinvestment means selling a stake in a company, subsidiary or other investments. Governments resort to divestment generally to reduce financial burden due to inefficient public sector undertakings (PSU’s) and to improve public finances. It introduces …
What’s in the news? In a move that will mainly affect entities from China, the government has amended the General Financial Rules, 2017, imposing restrictions on public procurement from bidders of countries that share a land border with India, citing …