INDUSTRY AND AGRICULTURE
1. MINIMUM SUPPORT PRICE :
The minimum support price represents a promise from the Centre that it will step in and buy the crops if their market prices fall below a certain level. MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years. The minimum support prices are a guarantee price for their produce from the Government. Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
2. FOOT LOOSE INDUSTRY :
Footloose industry is a general term for an industry that can be placed and located at any location without effect from factors such as resources or transport. For example, Textile Industry or Semiconductor Chips making industry can be located anywhere irrespective of the source of raw material or market as the transport cost does not vary much in either case and in remains more or less the same.
3. UNICORN CLUB :
A unicorn is a privately held startup company valued at over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.
4. SHELL COMPANIES :
Typically refers to companies without active business operations or significant assets. It has inactive shareholders and directors and is left dormant. It is created for the purpose of being palmed off later. After the ale transaction, inactive shareholders usually transfer their shares to the buyers and the so called directors resign or flee.
5. VENTURE CAPITAL :
Venture capital is the money provided by a financial institution who invests in startups generally that have the potential to develop into significant economic contribution. They raise that money by offering investors a chance to take part in a fund that is then used to buy shares in a private company. The job of venture capital firms is to find businesses with high growth potential. The firm take shares and have a say in the future of the company and its running, and in exchange for their involvement venture capitalist firms expect a high return on investment. After a period of time, often years, the venture capitalists sell shares in the company back to the owners or through an initial public offering, hopefully making much more that what they put in.
6. ANGEL INVESTOR :
This is an affluent individual who provides capital for business start-ups in exchange for convertible debt or ownership equity etc. They invest their own money unlike the Venture Capitalists who invests the public money. The amount they invest is flexible – it could be a small amount to get you off the ground, or a larger amount. Generally, if the business is at an early stage then Business Angels are the most likely source of funding. Venture Capital firms may come on board at a later stage when the concept is proven, and initial revenues obtained in order to more quickly expand the company.
7. CORPORATE SOCIAL RESPONSIBILITY :
Corporate social responsibility (CSR) is a broad term used to describe a company’s efforts to improve society in some way. These efforts can range from donating money to non profits to implementing environmentally-friendly policies in the workplace. The concept of Corporate Social Responsibility (CSR) is generally understood to mean that corporations have a degree of responsibility not only for the economic consequences of their activities, but also for the social and environmental implications. It is seen as a self-regulatory mechanism ensuring that corporations voluntarily conduct their business in a way that is socially responsible, ethical and takes care of the environment.
8. INTELLUCTUAL PROPERTY RIGHTS :
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.
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