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New Economic Policy of 1991: Objectives, Features and Impacts

3 days ago
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.

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.

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.

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?

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