Business

Business-News is the news related to business, commerce, industries and start up ventures.

COMPETITION LAW: BID RIGGING AND COLLUSIVE BIDDING

WHAT IS BID RIGGING AND COLLUSIVE BIDDING? BID RIGGING It is an illegal practice in which businesses plot and devise to allow over another to secure contracts at higher prices, thereby undermining free – market competition. Bid rigging infringe antitrust laws and is closely related to horizontal price – fixing, […]

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N.E.O.N

N is ‘N’OBLE E is ‘E’NERGY O is ‘O’BEDIENT N is ‘N’IFTY “N” OBLE, Law is a ‘Noble’ Profession as its purpose is to conserve and preserve the moral sanctity […]

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Fiscal structure in India

Fiscal federalism refers to the division of responsibilities with regards to public expenditure and taxation between the different levels of the government. Having a fiscal federalism mechanism allows the government to optimize their costs on economies of scale, because in this manner, people will get public service which they prefer, […]

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Consumer Protection Bill 2019, (E-Commerce) Rules, 2020

An Act to provide for protection of the interests of consumers and for the said purpose, to establish authorities for timely and effective administration and settlement of consumers’ disputes and for matters connected therewith or incidental thereto. The Indian Parliament, on 6 August 2019, passed the landmark Consumer Protection Bill, […]

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Importance of feedback in the recruitment process

A couple of years back I was shortlisted for a well-known, reputed multinational organization and I had to appear for their recruitment drive. I had to report there at about 8:30 AM and the recruitment process consisted of GD followed a couple of rounds of interview. After clearing the GD […]

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How to leave with respect when laid off

Abdul Kalaam once said – “Love your job but NEVER fall in love with your company”. Desperate times calls for desperate measures. At least that’s what some of the reputed, well known and no-so-known companies have done in the recent times, owing to the pandemic. Many a companies are trying […]

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Finance Commission

What is the Finance Commission? The Finance Commission is a constitutional body formed every five years to give suggestions on centre-state financial relations. Each Finance Commission is required to make recommendations on: (i) sharing of central taxes with states, (ii) distribution of central grants to states, (iii) measures to improve […]

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Fiscal Policy

Fiscal policy is the guiding force that helps the government decide how much money it should spend to support the economic activity, and how much revenue it must earn from the system, to keep the wheels of the economy running smoothly. Fiscal policy in India: Fiscal policy in India is […]

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