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List of Maharatna and Navratna Companies in India

Dec 4, 2019
Currently there are 10 Maharatna companies, 14 Navratna companies in India and 73 Miniratna companies divided into Category 1 and Category 2. The "Department of Public Enterprises" is the nodal department of all Central Public Sector Enterprises (CPSEs). The CPSEs may be classified as Central Public Sector Enterprises (CPSEs), Public Sector Undertakings (PSUs) or State Level Public Enterprises (SLPEs).

G-20 Summits: List of Summits and Members

Nov 11, 2019
The annual meeting of the G-20 Leaders is known as the G-20 summit. The G 20 Summit is formally known as the “Summit on Financial Markets and the World Economy”. There are 20 members of the G-20 including India. The last 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.

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

Oct 21, 2019
The Financial Action Task Force (FATF) is an independent inter-governmental body. The FATF develops and promotes policies to protect the Global Financial System from terror funding and Money Laundering activities. Those countries which don't support terror funding and money laundering are placed in the grey list.

New Economic Policy of 1991: Objectives, Features and Impacts

Oct 14, 2019
New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao. This policy opened the door of the India Economy for the global exposure for the first time. In this New Economic Policy P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export. This is also known as the LPG Model of growth.

13 Parameters to Compare India and China

Oct 11, 2019
India and China are the super powers of Asian Subcontinent and striving hard to capture the attention of the other economies of the world. As per the data of International Monetary Fund World Economic Outlook (October-2018) published on March 18, 2019 the size of Chinese economy is $ 13,457.267 billion which is around 16% of the world economy while on the other hand the size of Indian Economy is around $2,689.992 billion which is around 3.17% share of the the world economy.

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

Oct 9, 2019
The Micro Small and Medium Enterprises (MSMEs) are classified as per the MSME Act-2006. Micro, Small and Medium Enterprises (MSMEs) are classified in two categories: Manufacturing Enterprises and Service Enterprises. Now MSMEs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

PMC Bank Fraud Case: Full detail of the Bank fraud

Oct 7, 2019
Punjab & Maharashtra Co-operative Bank is a Scheduled Commercial bank situated in 6 states of the country. This bank was established on February 13, 1984 as a single branch Bank. In a span of 35 years, the Bank has a wide network of 137 branches across six states. This bank has total deposits of about Rs 11,617.34 crore.

The Monetary Policy Committee (MPC): Composition and Objectives

Oct 4, 2019
Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934. The first meeting of the MPC was held on October 3 and 4, 2016. This committee decides various policy rates like Repo rate, Reverse repo rate, MSF and Liquidity Adjustment Facility etc. On 4th October, 2019 the RBI Monetary Policy committee has cut the repo rate by 25 bps to 5.15%. Now the repo rate stands at 5.15%, the lowest since March 2010.

What is RBI's Monetary Policy: Objectives & Instruments

Oct 4, 2019
The monetary policy refers to a regulatory policy whereby the central bank maintains its control over the supply of money to achieve the general economic goals. Main instruments of the monetary policy are: Cash Reserve Ratio, Statutory Liquidity Ratio, Bank Rate, Repo Rate, Reverse Repo Rate, and Open Market Operations.

What are the main functions of Reserve Bank of India?

Oct 4, 2019
Reserve Bank of India (RBI) is the highest monetary authority of India. RBI was established in 1935 by the RBI Act 1934. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.

Why is India’s Gross Domestic Product falling?

Sep 23, 2019
The Gross Domestic Product (GDP) of the Indian economy in the first quarter of the current fiscal year 2019-20 declined to six year low at 5%. In this article we have explained the reasons behind the decline in the Indian GDP.

What is the Sensex and how is it calculated?

Sep 23, 2019
The term 'Sensex' was given by stock market analyst Deepak Mohoni and it is made from combination of two words Sensitive and Index. The Sensex measures the stock prices of 30 listed companies of the Bombay Stock Exchange. The main reason behind fluctuation in the Sensex is the up and down in the share price of top 30 companies.

List of Important Schemes launched by the Modi Government

Sep 4, 2019
Narendra Modi has launched many welfare schemes since 2014. These schemes varies from welfare of Farmers, housewives, labourers, students to small shopkeepers etc. Some prominent schemes of modi government are; Ujjwala Scheme, jan dhan yojna, PM Kisan yojna, skill India, make in India and clean India etc.

Banking Merger in India: Meaning and Benefits

Sep 2, 2019
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. After this merger now the number of Public Sector Banks reduced to 12 from 27 of 2017.

G-7 and G-20 Organisations: Functions and Members

Aug 26, 2019
G-7 refers to the group of 7 highly industrialized nations—France, Germany, Italy, the United Kingdom, Japan, the United States and Canada. These countries hold an annual meeting to foster consensus on global issues like economic growth and crisis management, global security, energy, and terrorism.

Financial Action Task Force (FATF): Meaning and Objectives

Aug 23, 2019
The Financial Action Task Force (FATF) sets standards and promote effective implementation of legal, regulatory and operational measures to combat money laundering,terror financing, human trafficking.

SEBI: Powers and Functions to regulate Security Market in India

Aug 22, 2019
The Securities and Exchange Board of India is the regulatory body which deals in matters related to the development and regulation of securities market in India. It was established on 12th of April in 1988 but it got statutory status in 1992. Ajay Tyagi is the Chairperson of SEBI.

What are the new relaxed norms of SEBI for Foreign Portfolio Investors (FPIs)?

Aug 22, 2019
On 21 August, 2019; SEBI introduced an ‘informant mechanism’ to gather solid evidence and crack down on insider-trading and clarified on the debt-to-equity ratio that companies need to maintain to be eligible for buybacks.

What are the new relaxed norms of SEBI for Foreign Portfolio Investors (FPIs)?

Aug 22, 2019
On 21 August, 2019; SEBI introduced an ‘informant mechanism’ to gather solid evidence and crack down on insider-trading and clarified on the debt-to-equity ratio that companies need to maintain to be eligible for buybacks.

What is FIPB and why is it replaced by the Foreign Investment Facilitation Portal (FIFP)

Aug 22, 2019
The Foreign Investment Promotion Board (FIPB) is being replaced by the Foreign Investment Facilitation Portal (FIFP) to speed up the FDI inflow and to increase the transparency in the FDI approvals in the country. FIFP replaced FIPB in May, 2017.

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