Economy

Budget Expenditure

Plan and Non-Plan Expenditure of Indian Government Government expenditure is classified into plan expenditure and non­ plan expenditure on the …

Budget Receipts

Budget Receipts: Which comes to Govt. Budget receipts refer to the estimated money receipts of the government from all sources …

Economic Survey 2015-16

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Budget 2016-17

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Inflation

It may be one of the most familiar words in economics. Inflation has plunged countries into long periods of instability. …

Gold Monetisation Scheme

What is Gold Monetisation Scheme? Gold Monetisation scheme(GMS) is the scheme introduced by the govt. previously where any individual can …

14th Finance Commission

The government constituted 14th Finance Commission under the chairmanship of former RBI Governor Y. V. Reddy. The other members of the …

Committee on Financial Inclusion constituted by RBI

RBI constitutes a Committee on Medium-term Path on Financial Inclusion. We have many schemes on financial inclusion, Pradhan Mantri Jandhan …

The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015

What? The Bill will apply to Indian citizens and seeks to replace the Income Tax (IT) Act, 1961 for the …

Goods and Services Tax (GST) Bill, 2014

dropcapT/dropcaphe Constitution (122nd Amendment) Bill, 2014 was introduced in the Lok Sabha on December 19, 2014 by the Minister of Finance, …

New phase in Monetary policy framing

So far we have learned that Monetary policy will be designed by the RBI( central bank) and Fiscal Policy by …

IFOS-2014 Mains(Economy)

Discuss the objectives of Prime Minister’s Jan-Dhan Yojana. What challenges do you foresee in its implementation? Objectives of Prime Minister’s …

Rajan’s Out-of-box philosophy

This is an excerpt from a speech India’s Reserve Bank of India chairman Raghuram Rajan. The full text is available …

Rajan calls for cleaning up of banking sector

India’s state banks need to improve monitoring of loans and root out “bad apples” and “bad practices,” Reserve Bank of …

Rastriya Gokul Mission

Aim Conserve and develop indigenous breeds in a focused and scientific manner. Rashtriya Gokul Mission will be implemented through the …

FDI Limits and Procedures

FDI in India We should create demand for rupee in the international markets, we have 2 ways; Increasing exports and …

Priority Sector Lending- PSL

Priority Sector is the sector which normally banks don’t like to extend credit because of risk, such as agriculture, MSE, …

Basic Savings Bank Deposit Account (BSBDA)

Basic Savings Bank Deposit Account” (BSBDA) is the account which provides minimum services to the customer. Includes deposit and withdrawal of …

Eligibility Criteria for Grant of Maharatna, Navratna and Miniratna Status to CPSEs

The eligibility criteria laid down by the Government for grant of Maharatna, Navratna and Miniratna status to Central Public Sector …

Onion- fix it! Fixed!!

The Narendra Modi government has included onions and potatoes under sections of the Essential Commodities Act. What makes the govt. …

Companies Act,2013

New act after 1956 hailed as a game changer in corporate governance. The bill gives more teeth to shareholders as …

Taxation System in India

Introduction dropcapI/dropcapn India, tax has been levied under Central, State and Local Govts. This is just because to get their …

Second Bi-Monthly Monetary Policy Statement, 2014-15

Monetary and Liquidity Measures RBI decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at …

Rastriya Krishi Vikas Yojana(RKVY)

Before Starting with introdction, let me remind you that the “Argriculture” comes under State Subject and States have the flexibility …

Kisan Credit Card Scheme

The Kisan Credit Card is a credit card(Debit Card* updated T.M. Bhasin) to provide affordable credit for farmers in India. Kisan Credit …

The Five Pillars of RBI’s Financial Sector Policies-Raghu Ram Rajan

Speaking at BANCON 2013 Raghu Ram Rajan quoted the issues concerning the growth of the country. He also stated the …

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