The Government of India had stated in the budget of 2017-18 that the total income of the government was Rs.21,46,735 cr. while fiscal deficit amounted to Rs. 5,46,532. Government of India receives maximum revenue from Borrowing and other Liabilities (19% of total revenue) while the share of states in taxes and fees (24% of the total expenditure)is the largest item of expenditure.
Reserve Bank of India (RBI) is the supreme monetary authority of India. This organization is responsible for printing of currency notes and managing the supply of money in the Indian economy. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.
Discovery is finding something meaningful that was not of knowledge before. This article deals with various discoveries which is like a new increment to knowledge help in the advancement of mankind like production of crop, medical applications etc.
A Foreign Direct Investment (FDI) is an investment by foreign investors in the foreign based company. Mainly there are two types of FDI, one is Green Field Investment (a fresh company is established in a foreign country) and the other is Portfolio Investment (shares of a foreign company are purchased or ownership acquired in a foreign company).
TSRI Scientists have discovered world’s first stable semi-synthetic organism that may be helpful in the discovery of various drugs or medicines. Here we have discussed about this single celled bacterium and also the structure and function of DNA how it works and how hereditary characteristics features travels from one generation to another.
List of famous personalities, celebrities of the world (List of Obituary- National and International) who passed away recently and they enlighten the world from their contribution. This list will helps the students to crack examinations like UPSC, State Services LIC AAO, SSC CGL, Railways RRB, SBI Clerk, IBPS PO and other exams.
The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution. The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26, 1947. Former Prime Minister Manmohan Singh and former finance minister Yashwant Sinha are the only two leaders who presented the Union Budget of India 5 times consecutively.
Economics is a very crucial subject for all the completive exams like IAS/PCS/SSC/Banking etc. every completive exam ask some questions based on the terminology of economics. So to cater the objectives of the aspirants; Jagran josh is giving some important terms of economics.
Different ministries of the government of India formulate various development schemes not to raise the profit but to maximise the welfare of the people. Some schemes like National Rural Livelihood Mission, MGNREGA, Bharat Nirman etc. are made by the government for rural development of India.
Antibiotics are introduced in 1940s and 1950s. They are medicines which are used to treat infections or diseases. Or we can say that it is a type of medication that destroys or slows down the growth of bacteria.
Under Article 112 of the constitution, a statement of estimated receipts and expenditure, called the 'Annual Financial Statement'. The finance minister of India presents the annual budget every year in the parliament. There are so many terms used during the full budget presentation which are not known to many peoples. So we are explaining a bit about these terms for the convenience of general public and students.
Trade Unions in India are registered and file annual returns under the Trade Union Act (1926). Statistics on Trade Unions are collected annually by the Labour Bureau of the Ministry of Labour, Government of India. Congress associated, the Indian National Trade Union Congress (INTUC) is assumed as the biggest of the seven central trade unions, with a membership of 33.3 million.
Every government launches various programmes to provide various kinds of facilities to its citizens. These programmes may be related to the field of education, health, electricity, employment and social upliftment of all the citizens. Examples of some programmes are: Pradhan Mantri Ujjwala Yojana, Pradhan Mantri Awas Yojana (PMAY) and Digital India Programme etc.
“Indian Economy” is one of the important parts of Exams like IAS, State PSC, SSC and other similar competitive exams. Here, we are giving a complete set of Indian Economy Questions & Answers in the form of Practice Sets that consists of 500+MCQs.
The Minister of Finance (or simply, finance minister) is the head of the Ministry of Finance of the Government of India. The finance minister is responsible for the fiscal policy of the government. The Finance Minister presents the annual Union Budget (article 112) in Parliament. The first finance minister of independent India was R. K. Shanmukham Chetty, who also presented its first Budget.
The 20th century has established so many institutions/organisations in the area of economics, social and politics. Some institutions like World Bank, International Monetary Fund is made to deal with monetary issues, United Nations is made to deal with political issues and European Union is made to deal with social and commercial issues.
In banking sector, there are 3 types of banks i.e. Public sector Banks, Private sector Banks and Foreign sector banks. In private sector Banks; the Banks are owned through either an individual or with limited partners and these types of banks are not incorporated. HDFC (Housing and Development Finance Corporation) is the biggest bank of India in terms of market capitalization followed by axis bank and ICICI Bank.
Stock exchanges are the place where investors buy and sell the shares in the companies. As of now there are 23 SEBI approved stock exchanges in the country. Stock market is managed and regulated by the Securities and Exchange Board of India (SEBI).
A commodities exchange is an exchange where various commodities and derivatives products are traded. Most commodity markets across the world trade in agricultural products and contracts based on them. These contracts can include spot prices, forwards, futures and options on futures.
The latest report on the state per capita income released by the Ministry of Statistics and Programme Implementation on 20 Aug 2015, says that Goa has highest state per capita income followed by Delhi and Sikkim respectively. While Bihar, Uttar Pradesh, Manipur, Assam, and Jharkhand are top 5 poorest states in terms of NSDP per capita.
To provide better life to rural peoples the Govt. of India launched a programme called "Bharat Nirman" on December 16, 2005. This scheme will focus on six areas i.e. Bijli, Pani Sadak, Irrigation,Telecommunication and housing in rural areas of the country.
There are so many financial companies established in India to absorb the saving of household sector. Government mobilizes this small saving in the economy through these financial institutions. These major and small institutions play the same role in the economy as the blood in the human body. Some examples of these financial institutions are RBI, SEBI, IDBI, EXIM Bank and Export Credit Guarantee Corporation of India (ECGC).
Security Printing and Minting Corporation of India Limited (SPMCIL) is a Miniratna Category-I CPSE, and wholly owned Schedule ‘A’ Company of Government of India, is engaged in the manufacturing of security papers, minting of coins, printing of bank notes, non-judicial stamp papers, postage stamps and travel documents, etc.
Small and Medium Enterprises Development Bill 2005 (which was presented in the parliament on May 12, 2005) has been approved by the president and thus become an act. This act is named as ‘The Small And Medium Enterprises Development Act, 2006’. This act became effective from Oct. 2006.
In contemporary world there have been undergone tremendous expansions of Biological Sciences such as Cell Biology, Neuroscience and Evolutionary Biology through the advancement of various inventions and discoveries that not only improved the quality of living but also increases life expectancy.
The Complete Study Material of “Indian Economy” is segmented into 5 Sections to streamline the learning process for all students who are at a learning stage with the reference of NCERT economics book and some other academic books.
The word disease implies that dis-ease (not easy). In other words malfunctioning or improper functioning of various body parts like genetic disorder, hormonal imbalance, malfunctioning of immune system of body are some factors which affects the human health or it is a condition that prevents the body or mind from working normally.
The International Bank for Reconstruction and Development (IBRD) was created in 1944 to help Europe rebuild after World War II. Today, IBRD provides loans and other assistance primarily to middle income countries. IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group (IBRD, IDA, IFC, MIGA) to help developing countries reduce poverty, promote economic growth, and build prosperity. IBRD is owned by the governments of its 188 member countries.
India aims to increase India’s export of merchandise and services from US $ 465 bn. in 2013-14 to approximately US$ 900 bn. by the 2019-20 and to raise India’s share in the world export from 2% to 3.5%. Commerce and Industry minister Nirmala Sita Raman unveiled foreign trade policy (FTP) 2015 -20, which seek to provide higher incentive to agriculture industry. FTP also seeks to establish an institutional framework to work with state governments to boost India’s exports.
Basel III or Basel 3 released in December, 2010 is the third in the series of Basel Accords. These accords deal with risk management aspects for the banking sector. These Norms to be partially implemented from March 31, 2015 in phases and would be fully implemented as on March 31, 2018.