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Foreign Exchange Reserves: Meaning, Composition,Purpose and Benefits

Jun 8, 2020
Foreign Exchange Reserves: Meaning: Foreign exchange reserve is consists of foreign currency assets, gold, Special Drawing Rights (SDR), and reserve position in the IMF. The total size of the Indian foreign exchange reserve was US$ 487039 million in May 2020.

Kundapur Vaman Kamath: Biography, Career and Achievements

Jun 4, 2020
Mr. KV Kamath may be the new Finance Minister of India. Currently he is President of New Development Bank. He was born on 2 December 1947 at Mangalore, Madras Province, India. Read this article to know the biography of Mr. Kundapur Vaman Kamath.

Minimum Support Prices (MSP) for Kharif Crops Season 2020-21

Jun 2, 2020
Minimum Support Price (MSP) of Paddy (Common) is increased to 1,868 per quintal for the 2020-21 season.The Government announces Minimum Support Prices (MSPs) for 22 mandated crops on the recommendations of the Commission for Agricultural Costs and Prices (CACP). 

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.

How to get free e-PAN card?

May 29, 2020
The electronic PAN (Permanent Account Number) card allocation process has been started in India; this is a paperless facility which is being issued by the Income Tax Department. Instant PAN card facility has been started from 28 May, 2020. Let us read further on how to get a free e-PAN card.

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.

Indian Economy: A Complete Study Material for Competitive Exams

May 21, 2020
The Complete Study Material of the “Indian Economy” is segmented into 5 Sections. These sections are; Economic Planning in India, The horizon of Indian Economy, Government Schemes & Programmes in India, Money and Banking and International Agencies and Trade.

List of Geographical Indications (GI) Tags in India

May 15, 2020
Darjeeling tea was the first product that got a GI tag in India in 2004–05. Till now around 365 products have been added to the GI list. Recently Kashmir saffron and black rice of Manipur got the GI tag. Read this article to know the full list of GI tagged products in India.

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.

Crowdfunding: Meaning, Types, and Benefits

May 12, 2020
Crowdfunding is a method of raising capital through the collective efforts of a large number of individual investors. Crowdfunding is done primarily online via social media and websites. Read this article to know the types and benefits of Crowdfunding.

What is Trade Related Aspects of Intellectual Property Rights (TRIPS)?

May 7, 2020
Trade-Related Aspects of Intellectual Property Rights (TRIPS) covers most forms of intellectual property including copyright, patents, geographical indications, trademarks, industrial designs, trade secrets, and exclusionary rights over new plant varieties. TRIPS came into force on 1 January 1995. 

Kashmiri Saffron given GI Tag: Know what is Geographical Indication (GI) Tag?

May 7, 2020
Geographical indication is a name or mark given to products, agriculture, natural and manufactured products (sweets, handicrafts, and industrial goods) of a particular region (country or state or a town). Recently, Kashmiri Saffron has been given the Geographical Indication (GI) tag. Now Kashmiri saffron will get a different identity in the market.

Foreign Direct Investment: Sectorwise FDI Limit, Countrywise FDI inflow, and FDI Inflow in India

Apr 28, 2020
FDI limits in different sectors in India 2020: India has attracted total FDI amount US$ 62,001 million in 2018-19. The service sector has the highest share in India's FDI share amount of US$ 80,670.79 from April 2000 to December 2019. Agriculture & Animal Husbandry, Auto components, and E-commerce activities have the permission of 100% FDI through automatic route.

Mutual Fund: Meaning,Types and role in the development of the economy?

Apr 28, 2020
A mutual fund is a pool of collective investment in stocks, bonds, and other short term investments. The investors in mutual funds are individuals and institutions. This fund is usually managed by a fund manager who charges money from the investors for taking care of their investments.

15th Finance Commission: Meaning, Facts, Members and Terms of Reference (2020-21)

Apr 27, 2020
15th Finance Commission is headed by  Mr. N.K. Singh. The Finance Commission is set up by the President of India for a period of 5 years. The period of the 15th Finance Commission would be from 2021 to 2026. Read this article to know the Facts, Members, and Terms of Reference of the 15th Finance Commission for the FY 2020-21

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.

What is the role of Finance Commission in Fiscal Federalism?

Apr 17, 2020
The finance commission is constituted by the president of India under the provision of Article 280 of the Indian constitution for five years. The tenure of the 14th finance commission was April 1, 2015 to March 31, 2020. Currently, 15th finance commission is in progress which is headed by the N.K. Singh.

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