Can state legislature change the jurisdiction and powers of HC?
@Param_Roy State Legislature cant change the jurisdiction of HC (refer Art 230)
Can someone explain how export is the right answer? I thought it would be consumption.
@dragon_rider Tourism is considered as an Invisible export. Foreign nationals will spend their currency here, hence increasing foreign exchange and likewise.
I got NC OBC certificate dated 17th September, 2017. I mentioned the same date in this year's application form.
Do I need to renew it?
What's the validity of NC OBC. I see many answers online, some say 6 months, 1 year, 3 years and No validity as such.
Can someone shed some light on it?
@Kasturi22 do not worry about the certificate right now. Yes, you will have to renew it. Do it after you are done with prelims. Central one is valid for a year.
Is GSTN 100% govt owned? Or is it still 49% govt and remaining percent pvt?
@Breaker_Morant it is 100% govt. Owned.
Economy PT365, page-6 (Government Borrowing) : "Rising borrowing will put pressure on the bond market and crowding out resources for pvt sector."
Can anyone explain how rising borrowings by the government will put pressure on bond market.
@Breaker_Morant Higher govt borrowing ->demand increases ->interest rate increases not only for govt but as well as other borrowers ->yield will be affected. Hence pressure on bond market.
Crowding out effect - govt. Borrowing the major chunk of resources, pvt. Sector left out.
