Ask Anything, Know Better
22 hours ago Definition of Trade Secrets The TRIPS Agreement doesn’t use the term “trade secrets” explicitly, but it refers to them as undisclosed information. According to Article 39, protection must be given to an Undisclosed information that Is secret (not generally known or readily accessible); Has commercial value because it is secret; Has been subject to reasonable steps to keep it secret. Trade secrets under the WTO are protected primarily through the Agreement on Trade-Related Aspects of...
2 days ago What Happened? For the first time in 34 years, Germany has overtaken Japan as the world’s largest creditor nation in terms of net external assets — the total value of a country's foreign assets minus its foreign liabilities. Net External Assets? Net external assets = Foreign assets held by residents and institutions − Liabilities to foreigners This includes: Foreign direct investments Portfolio investments Loans and deposits Reserve assets DATA As of...
3 days ago WHY IN NEWS? Reserve Bank of India (RBI) has transferred a dividend of 2.69 lakh crores to the government for the financial year 2024-25 marking a 50% increase from the ₹2.1 lakh crore distributed in the previous fiscal year. The RBI is a not-for-profit organization then how did it make such huge profits to transfer this huge dividend to the government? SOURCES OF RBI'S INCOME? The Reserve Bank of India's (RBI) surplus primarily originates from its core operations, including interest...
3 days ago DEFINITION Seigniorage is the profit a government earns by issuing currency, particularly the difference between the face value of money and its production cost. It is also the revenue the government earns by printing money instead of borrowing or taxing. Seigniorage = Face Value of Currency − Cost to Produce & Distribute It EXAMPLE It costs the RBI about ₹3 to print a ₹100 note. So, the seigniorage = ₹100 − ₹3 = ₹97. That ₹97 is essentially profit for the government, because...
Comments
Write Comment