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General Knowledge for Competitive Exams

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How to link your Aadhar Card with PAN Card?

Dec 16, 2019
How to link Aadhar with PAN: The income tax department has extended the last date to link Aadhar card with PAN card to 31st December 2019. Read this article to know step by step detail to link your Aadhar with PAN.

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.

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 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.

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.

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.

What is Money Laundering and how is it done?

Aug 22, 2019
Money Laundering refers to converting illegal earned money into legitimate money. The government does not get any tax on the money because there is no accounting of the black money.So Money Laundering is a way to hide the illegally acquired money.

List of India’s richest start up Founders and Entrepreneurs

Aug 21, 2019
Start-up India programme was launched by the Government in 2016. But India has already developed the atmosphere of start ups in India. India has some very successful stars up like Flipkart, OYO Rooms, Bjyu and Paytm etc.In this article we have written information about latest billionaires in the country.

Minimum Reserve System (MRS): Meaning and Objectives

Aug 13, 2019
To maintain the adequate supply of money in the economy the RBI prints the money as per the Minimum Reserve System. Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs 200 crore comprising of gold coin and gold bullion and foreign currencies. Out of the total Rs 200 crores, Rs 115 crore should be in the form of gold coins or gold bullion and rest in the form of foreign currencies.

India-Pakistan Trade dispute: Who is in Loss and Profit?

Aug 9, 2019
According to a report, in the financial year 2018-2019 the total exports from India to Pakistan was about $ 2.17 billion, which is just .83% of India's total exports. Pakistan currently exports; fruits ($112.8 million per year), cement ($78.3 million), chemicals ($60.4 million), fertilisers ($34.9 million), and leather and allied products to India while India exports; tomatoes, tea, sugar, petroleum products, cotton yarn, tyres, rubber, dye and petroleum oils etc to Pakistan.

What is 7th Pay Commission of India?

Aug 1, 2019
The 7th Pay Commission was constituted by the Manmohan Singh government under the chairmanship of Justice A.K. Singh Mathur on 25 September 2013.The recommendations of the 7th Pay Commission were implemented since January 1, 2016. these recommendations will cost around Rs 1 lac cr to the exchequer.

What is in the Union Budget 2019 for Electric Vehicles?

Jul 5, 2019
As we know that the Finance Minister Nirmala Sitharaman has presented the Union Budget 2019 in the Parliament. She told in her speech that the Indian government continued to focus on promoting electric mobility in the country. Do you know about electric Vehicles and under which scheme electric vehicles are encouraged? What is in 2019 Union Budget about electric vehicles? Let us find out!

Union Budget 2019: Income Tax Return can be filed by Aadhar Card only

Jul 5, 2019
In her first budget speech Finance Minister Nirmala Sitharaman has announced that only Aadhar card can be used to file the income tax return.Let’s read full story and know that why Finance Minister has announced this relief to the tax payers?

All about Goods and Services Tax (GST)

Jul 5, 2019
Goods and Services Tax (GST) is a federal tax. GST is an indirect tax, imposed on the sale of goods and services. It is implemented throughout the country since July 1, 2017. There will be no distinction between goods and services for the purpose of taxation. GST will be a destination-based tax. This implies that all State GST collected will ordinarily accrue to the State where the consumer of the goods or services sold resides.

Deputy Governors of Reserve Bank of India Till 2019: Complete List

Jun 24, 2019
The Governor of Reserve Bank of India is the Chief Executive Officer of the Central Bank of India and the Ex-officio Chairman of its Central Board of Directors. At present there are 4 deputy governors of the RBI. On 24th June Dr. Viral V. Acharya has resigned (unofficial) from his post. There are 61 people have served as the deputy governor of the RBI since its establishment.

How to apply for Ayushman Bharat Yojana?

Jun 20, 2019
Ayushman Bharat Yojana become world's largest free healthcare shceme.  Ayushman Bharat Yojana provides free treatment upto Rs 5 lacs per year to approx.50 cr poor people of the country. Ayushman Bharat Yojana was launched in Ranchi district of the Jharkhand on 23 September, 2018. This article explains the step by step process of registration under the Ayushman Bharat Yojana.

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