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How much Tax do you pay on Diesel & Petrol in India?

1 day ago
In 2020, the excise duty has increased at least 10 times since 2014. The excise duty on diesel is now Rs 31.83 and on petrol Rs 32.98 in 2020. Worth to mention that tax on petrol was Rs 9.48 per litre and on diesel, it was Rs3.56 a litre when the Modi government took office in 2014.

List of products exported to China by India

Jul 9, 2020
In the FY 2019-20 Indian export to China stands at $16.6 billion. India exports organic chemical, mineral fuels, cotton, ores, plastic items, nuclear machinery, fish, salts, electrical machinery and iron and steel to China. Worth to mention that 5.1% of India’s total export went to China in FY 2019.

What is Floating Rate Bond?

Jul 7, 2020
The Government of India has launched the Floating Rate Bond 2020 scheme from July 01, 2020. The tenure of this bond will be 7 years. The interest rate on floating bonds will change every 6 months on January 1 and July 1. The minimum amount to invest in bonds will be Rs 1000 (digital mode) and maximum Rs 20 thousand in cash.

13 Parameters to Compare India and China

Jun 17, 2020
India vs China Economic Comparison: The bilateral trade between India and China was around USD 92.68 billion in 2019. The Defence budget of China was US$ 178 billion while the Indian defense budget is US$ 70 billion in 2020.

What is bad bank which is recommended by the Indian Banking Association (IBA)?

Jun 12, 2020
Non-performing assets (NPAs) of all public and private banks in India till March 2020 stand at Rs 10 lakh crore. These NPAs are also called bad loans. The Indian Banking Association has recommended to the Reserve Bank and the Ministry of Finance to form a 'bad bank' in the country to get rid of 'bad loan' problem.

List of all Five Year Plans of India

Jun 5, 2020
The first five-year plan in India was launched in 1951. India had launched 12th five-year plans in 2012-17. Now the concept of the five-year plan is stopped by the Government of India. List of all Five Year Plans of India is very important for all types of competitive exams to be held in India.

Is India in the position to boycott Chinese products?

Jun 2, 2020
India’s trade with China was $87.07 billion in 2018-19. In this duration, Indian import from China was US$70.32 in 2018-19 while Indian export to China was just US$ 16.75. It means India’s trade deficit with China was $53.57 billion in 2018-19. India sends 8% of its total exports to China whereas China sends only 2% of its total exports to India.

How Much debt on Indian Government?

Jun 1, 2020
The status report on Government debt for 2018-19 states that the total public debt of the country has increased to 68.6% of GDP by March 2019, which in simple terms has gone up to Rs.13 trillion or Rs. 1.3 crores. Read this article to know the exact amount of debt on the Indian government from 2014 to 2019.

Universal Basic Income (UBI): Definition, Features, Advantage and Disadvantages

May 21, 2020
Universal Basic Income (UBI): In the Economic Survey 2016-17, Finance Minister Arun Jaitley advocated Universal Basic Income scheme (UBI) in place of various social welfare schemes in the country, in an effort to reduce poverty and income inequality in the country.

What is the New definition of Micro, Small and Medium Enterprises?

May 13, 2020
MSME Definition 2020: The Micro Small and Medium Enterprises (MSMEs) are classified as per the MSME Act-2006. In the economic package to the MSME sectors of the country, FM Sitharaman has provided 3 lac crore loan to boost up this sector.

Ayushman Bharat Yojna: Features, Eligibility and Facts

Apr 30, 2020
 Ayushman Bharat Yojana or PMJAY provides free treatment up to Rs 5 lacs per year to approx.50 cr poor people of the country. So far, 12.45 crore e-cards have been issued and 10 lakh people have been treated under this scheme. Let us know more about this scheme in this article.

International Reports and India's Rank in various indexes 2019-20

Apr 29, 2020
India’s HDI ranking in 2019 is 129 that is one rank better than last year. There are a total of 189 countries participated in this rank. Top HDI rank is occupied by Norway while Burundi is at the bottom in 2019 report. Read this article to know more International Reports and India's Rank in various Indexes.

14th Finance Commission: Share of States in the Union Tax Revenue

Apr 27, 2020
The 14th Finance Commission of India is constituted under the chairmanship of the former RBI governor Mr. Y.V. Reddy for the period of April 1, 2015, to March 31, 2020. Now the 15th Finance Commission has been set up under the chairmanship of N.K. Singh. He has submitted his annual report for 2020-21.

What is the difference between Brent Crude oil and WTI Crude oil Benchmark?

Apr 24, 2020
Brent crude oil and WTI (West Texas Intermediate) are benchmarks of crude oil prices at the international level. The crude oil which is extracted from the North Sea near Norway, Sweden and  UK while the crude oil extracted in the USA is benchmarked as the WTI (West Texas Intermediate) prices.

20 Important facts about Indian Economy-2020

Apr 23, 2020
Mauritius has the highest FDI inflow (31% of the total Indian FDI) in India From April 2000 To December 2019. The Indian economy is composed of the three major sectors like i.e., Services sector, Industry sector, and Agriculture sector. The contribution of the Services sector in the Indian economy is around 54.30%. The Value of India's Export stood at US$ 356.96 billion in between April-November 2019.

How does IMF give loan to its Members?

Apr 17, 2020
The International Monetary Fund (IMF) was established in July 1944 in the Conference of 44 countries held in Bretton Woods, New Hampshire, USA. India is the founding member of the IMF. Recently, the IMF has granted US$ 1.4 billion aid to Pakistan to fight COVID-19.

Per Capita Income of Indian States 2019-20

Apr 7, 2020
The per-capita net national income of India rised to Rs 1,35,050/annum in 2019-20. This was 1,26,406 during 2018-19. In terms of NSDP per capita (INR at Current prices), Goa has the highest per capita income Rs 467,998 in FY 2018-19. Delhi is on second place with Rs. 365,529.

What are the key features of Payments Banks in India?

Apr 1, 2020
Currently, there are 6 payment banks operating in India which were initially 11. The guidelines for the establishment of payment banks were issued on 24 November 2014 by the Reserve Bank of India. Payment banks will be allowed to open a savings account and current account but they can't issue a credit card.

Why is India Constructing Strategic Petroleum Reserves?

Mar 20, 2020
Strategic Petroleum Reserves: India is making strategic petroleum reserves to store crude oil under the ground. India has already underground caves of 5.33 MMT storage in three places. These include; Padur (2.5 MMT), Visakhapatnam (1.33 MMT), and Mangalore (1.5 MMT).

Index of Industrial Production (IIP): A detailed information

Mar 13, 2020
The Index of Industrial Production (IIP) is an indicator that measures the changes in the volume of production of industrial products during a given period. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

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