Gold Chain

 The United Arab Emirates located in the Southeast of the Arabian Peninsula with an area of  83,600 Sq.KM,bordering Saudi Arabia and Oman became the federation of six Emirates in December 1971 comprising of Abudhabi, Dubai, Sharjah,Ajman,Umm Al- Quwain, and Fujairah, After wards in 1972 Ras Al Khaimah also joined the Federation as the 7th Emirate.After becoming a federation UAE started recieving huge inflows  of petro dollars. Consequently the Emirates embarked upon huge development activities ranging from economic, social and cultural infrastructural projects with the help of imported manpower primarily from countries like India, Pakistan, Bangladesh ,Srilanka and from other countries as well.These  development projects transformed  the country into a major trade,transport and tourism hub.Currenly UAE is the third largest economy of the Middle East with an estimated GDP of US$509 billion in 2023.UAE accounts for 6% of the world's oil reserves and seventh larges...

 Monetary policy refers to the Central Bank's policy of regulating the supply and demand for money with the available policy instruments in the country.Im India Reserve Bank of India's Monetary policy Committee (MPC -the six member committee constituted to take monetary policy decisions)in its February 2024 meeting decided to retain its policy rates unchanged on the basis of an assessment of the current status and evolving macro economic developments.The monetary policy instruments employed by Central Banks usually are bank rate, reserve ratio, open market operations and selective credit control measures.RBI retained the earlier policy rates intact as the repo rate stood at 6.50 %, reverse repo rate 3.75% , Marginal Standing facility (MSF) rate 6.25% and the standing deposit facility rate at 6.25% . Even though MPC remained resolute to achieve the medium term target for the consumer price index  (CPI) inflation at 4% within a band of +/-2 percent,while supporting growth ,five ...

 Intellectual property refers to the creations of human mind like inventions, innovation s,literary and artistic works,symbols images and designs used in trade and commerce etc.Intellectual property rights is broadly divided into two.1. Industrial property comprising of patents, trade marks Industrial designs and Geographical Indications and 2.Copy Rights comprising of literary  and artistic woks like novels  poems, plays, films musics,paintings, photographs, sculptures, performing arts,computer programing  etc. Geographical Indications (GI) refers to the products that sign or identifies as originating from a specific geographical area and possessing a given quality, reputation or similar characteristics that is essentially attributed to the geographical origin.Trade Mark is different from GI. While the owner of a Trade Mark is entitled to exclude others from using the Trade mark ,a GI  merely tells that the product is produced in a particular place with certain...

As the Loksabha election is due  leading to the formation of  a new Government, in the meantime the revenue and expenditure activities of the Government should continue uninterrupted for which the Interim Budget is  presented.It  provides budgetary revenues and expenditures for the smooth functioning of the Government till a new Government takes charge immediately after the forthcoming elections.Eventhough technically speaking it is an vote of account government's use it as an opportunity to state their achievements and outline the prospects for future Government. Further as claimed by the Government the budget marked a milestone in India's journey towards a developed country by 2047with continued focus on leveraging technology as the backbone of transformation. Availabilty of Digital public infrastructure and the use of technology and  digital platforms have been the common thread of all reforms. Digitalisation has led to substantial progress not only in financ...