Free trade area A free-trade area is a theoretical concept where a trade bloc whose member countries have signed a free-trade agreement (FTA), which eliminates tariffs, import quotas, and preferences on most (if not all) goods and services traded between them. If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration. Countries choose this kind of economic integration if their economic structures are complementary. If their economic structures are competitive, it is likely there will be no incentive for a FTA, or only selected areas of goods and services will be covered to fulfill the economic interests between the two signatories of FTA.

CEPA vs CECA CEPA stands for Comprehensive Economic Partnership Agreement and CECA stands for Comprehensive Economic Cooperation Agreement. India signed CECA with Malaysia, Singapore Sri Lanka. India signed a CEPA with Japan, South Korea Sri Lanka. The terms that make difference are "Cooperation" and "partnership". Both these terms are synonymous with each other but the major-technical" difference between a CECA and CEPA is that CECA involves only "tariff reduction/elimination in a phased manner on listed/all items except the negative list and tariff rate quota (TRQ) items" CEPA also covers the trade in services and investment, and other areas of economic partnership. So CEPA is a wider term that CECA and has the widest coverage. Please note that usually CECA is signed first with a country and after that negotiations may start for a CEPA. For example, India-Sri Lanka Free Trade Agreement (CECA) was signed first and (CEPA) later.Basics of Employee Provident Fund: EPF, EPS, EDLIS Employee Provident Fund (EPF) is one of the main platforms of savings in India for nearly all people working in Government, Public or Private sector Organizations. This article is about what is Employee Provident Fund(EPF), Employee Pension Scheme(EPS), Employees Deposit Linked Insurance Scheme (EDLIS) contributions are calculated based on basic salary and dearness allowance