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COVID-19: Comparison of Healthcare system of India and Italy

9 hrs ago
India spends about 3.5% of its GDP on healthcare and Italy spends about 9% of its GDP on health services. India's healthcare sector is not even in the top 100 list in the world rankings while Italy comes second in the world. Let us compare the health and other areas of India and Italy in the context of COVID-19 Pandemic in this article.

Pradhan Mantri Ujjwala Yojana (PMUY): All you need to know

3 days ago
Pradhan Mantri Ujjwala Yojana (PMUY) is the Scheme initiated by the Ministry of Petroleum & Natural Gas for providing LPG connections to the women belonging to the Below Poverty Line (BPL) families. Let us read in detail about Pradhan Mantri Ujjwala Yojana, its benefits, how to apply for it, etc.

Essential Commodities Act, 1955: Meaning, Objectives, and Punishment

3 days ago
The Essential Commodities Act, 1955 is a law which prohibits shopkeepers from storing and black marketing of essential commodities. Recently, the Central Government has notified order under the Essential Commodities Act to declare masks and hand sanitizers as Essential Commodities up to 30th June 2020. This notification will prohibit the black marketing and hoarding of these two essential commodities.

Pradhan Mantri Jan Dhan Yojana (PMJDY): All you need to know

3 days ago
Pradhan Mantri Jan Dhan Yojana (PMJDY) is a National Mission of Financial Inclusion to integrate the poorest of the poor with bank accounts. Let us read in detail about Pradhan Mantri Jan Dhan Yojana, its salient features, implementation of the scheme, how one can open the Jan Dhan account, etc.

Pradhan Mantri Garib Kalyan Yojana (PMGKY): All you need to know

Mar 26, 2020
Due to COVID-19, lockdown for 21 days has been announced by the Government of India. On the second day of lockdown to combat the economic impact on the poor and needy, PM Narendra Modi led government on 26 March, 2020 announced ₹1.7 lakh crore Pradhan Mantri Garib Kalyan Yojana (PMGKY). Do you know about PMGKY? Also, let us have a look at the major highlights announced by the FM Nirmala Sitharaman.

G-20 Summits: List of Summits and Members

Mar 26, 2020
List of G-20 Summits and Members: There are 20 members of the G-20 including India. The last annual meeting of the G20 was held in Japan's city Osaka in June 2019 and the next meeting will take place in Riyadh(Saudi Arabia) between 21–22 November 2020.

List of all Five Year Plans of India

Mar 25, 2020
The first five-year plan of India was launched in 1951. There are 12 Five year plans have been launched by the Indian Government. The concept of economic planning in India is derived from Russia (then USSR).

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

Mar 25, 2020
MSME Definition: The Micro Small and Medium Enterprises (MSMEs) are classified as per the MSME Act-2006. Micro, Small and Medium Enterprises (MSMEs) are classified into two categories: Manufacturing Enterprises and Service Enterprises. Now MSMEs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

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).

List of Top 10 Export and Import Source of India

Mar 14, 2020
The value of India export was around US$ 356.96 billion in April-November 2019. The largest destination for India's export was the USA. It accounts for 15.88% of Indian export. On the other hand, the largest source of India's import was from China. This article is based on the top importing and exporting partners of India.

List of Top 10 Products Exported from India

Mar 14, 2020
As per the Economic Survey 2019-20; Petroleum products are the biggest exporting item from India. It accounts for a 14% share of total Indian export followed by precious stones with 7.87%. Read this article to know the list of all the exporting items from India in 2019-20.

20 Important facts about Indian Economy-2020

Mar 13, 2020
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.

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.

What are the differences between Wholesale Price Index & Consumer Price Index?

Mar 12, 2020
The difference in CPI and WPI: Wholesale Price Index (WPI) and Consumer Price Index (CPI) are two widely used indexes to calculate the inflation in the country. India uses the WPI index to calculate inflation while most of the countries use CPI for the same.

Yes Bank Crisis: 5 Key Reasons to Know

Mar 6, 2020
The Yes bank is another Indian commercial bank that is in financial trouble. The yes bank has repayment liability of amount US$ 24000 crore. The RBI has set the withdrawal limit of 50000 rupees per customer from March 5 to April 3 for yes bank customers. Read this article to know the reasons for the Yes bank crisis.

Banking Merger in India: Meaning and Benefits

Feb 26, 2020
The recent banking merger in India has reduced the number of Public Sector Banks to 12 from 27 of 2017. In the month of August 30, 2019, Finance Minister of India MS. Nirmala Sitharaman declared to merge 10 Public Sector Banks into 4 big banks. 

List of all Public and Private Sector Banks in India 2020

Feb 25, 2020
As we know, 10 Public Sector Banks (PSB) were merged with 4 big  PSB on 30 August 2019. So now the number of Public Sector Banks in India reduced to 12. On the other hand, the number of Private sector banks is reduced to 22. In this article, we have published the list of Public Sector Banks and Private Sector Banks in 2020.

Financial Action Task Force (FATF): Meaning and Objectives

Feb 17, 2020
The Financial Action Task Force (FATF) prohibits the cases of terror financing, money laundering and human trafficking throughout the world.

What is the Grey List and Black List of the Financial Action Task Force?

Feb 17, 2020
The Financial Action Task Force (FATF) is an independent inter-governmental body. Those countries which don't support terror funding and money laundering are placed in the grey list by the FATF.

What is the cost of printing 200, 500 and 2000 rupees notes in India?

Feb 12, 2020
The Reserve Bank of India (RBI) prints currency notes of all denominations except one rupee note. In its annual report, the Reserve Bank has stated that the cost of printing a note of 200 rupees is Rs.2.93, printing cost of 500 rupee note is Rs. 2.94 and printing of a 2000 rupee note cost Rs.3.54.

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