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Competition Act 2002

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  Competition Act, 2002 View Larger Image A flexible, dynamic, and competitive private sector is increasingly recognised as critical to long-term economic success. The increasing competition allows consumers to choose from a wider range of higher-quality products at lower prices. The competition also promotes accountability and openness, as well as the reduction of corruption and lobbying. Competition, as a well-functioning market system, fosters business and expands options. According to economic theory, prices and quantities in a competitive market equilibrate to levels that provide efficient outcomes. Anti-competitive practices are more common in less developed markets. Competition Act and policy does not kill competition but encourages competition by penalising anti-competitive behaviour like anti-competitive agreements and abuse of dominance situations. Competition in any field is regarded as a positive practice for expanding prospects and acting as a motivator, as long as it is c

Exam Stress Management tips for students

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  Stress is  a feeling of emotional or physical tension . It can come from any event or thought that makes you feel frustrated, angry, or nervous. Stress is your body's reaction to a challenge or demand. In short bursts, stress can be positive, such as when it helps you avoid danger or meet a deadline. Stress Management Defined Stress management is defined as the tools, strategies, or techniques that reduce stress and reduce the negative impacts stress has on your mental or physical well-being. A variety of techniques can be used to manage stress. These include mental, emotional, and behavioral strategies. When stress management is used regularly and in response to stressful life events, we can optimize our well-being . Exam stress Exam anxiety is experienced by many students and may include: excessive worry about upcoming exams fear of being evaluated apprehension about the consequences manageable by following a plan of helpful suggestions Four  main areas which can contribute to

Foreign Exchange Management Act (FEMA) & Foreign Exchange Regulation Act (FERA)

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  Foreign Exchange Management Act (FEMA) & Foreign Exchange Regulation Act (FERA) Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999. This new Act is in consonance with the frameworks of the  World Trade Organisation  (WTO). It also paved the way for the Prevention of Money Laundering Act, 2002 which came into effect from July 1, 2005. This topic would be of importance in the  IAS Exam  for both Prelims and Mains. Applicable to Bcom students as well. What is FEMA? It is a set of regulations that empowers the Reserve Bank of India to pass regulations and enables the Government of India to pass rules relating to foreign exchange in tune with the foreign trade policy of India. Which Act did FEMA replace? FEMA replaced an act called Foreign Exchange Regulation Act (FERA). What is FERA and when was it passed? FERA (Foreign Exchange Regulation Act) legislation was passed in 1973. It came into effect on January 1, 1974.

How to get a PATENT in India

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  How to Get a Patent in India: Everything You Need to Know Source online, Google, Indian Patents.com Table of Contents What is a patent What inventions are patentable  What inventions are non-patentable How to get a patent in India Steps for application of patent Benefits of getting a patent Imagine you have invented a software-based game kit for kids. Initially, you were not sure if people would like the idea or not. But after about a year of launching it, you see the demand and love for it rising.  Suddenly, you worry that someone else will copy your idea and you will lose your identity? Well, sit back and relax because we have come a long way when it comes to safeguarding an individuals’ right on his or her invention. You can establish sole ownership over your inventions by registering for a patent under the Indian laws. Read this article to know this in detail.  What is a patent A patent is a legal document that is granted by the government of the state or the country, depending o