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  • Can Indian Government repay the External Debt by Printing New Currency?

    Indian government had debt of 529 billion dollar by March 2018 which further reduced to 510.4 billion dollar in December 2018. Now the question arises whether the government of India can print more money to repay this debt or not? Let’s read this article and know the all consequences of printing more money.

    Mar 14, 2019

  • List of Dadasaheb Phalke Award (1969-2019)

    The Dadasaheb Phalke Awards is given annually at the National Films Awards, which is India's highest award in cinema. The award honours for their "outstanding contribution to the growth and development of Indian cinema". Here, we are given the list of the Dadasaheb Phalke Award (1969-2018) for the aspirants of different competitive examination which can be used as revision capsule.

    Mar 7, 2019

  • Cess: Meaning and Types in India

    CESS is tax on tax and usually levied for the specific purposes. Once its purpose is solved they are stopped. Unlike the other taxes that have to be shared with other Indian states, the centre keeps the entire amount raised from the Cess. The collection through the CESS is kept in the Consolidated Fund of India. As of now there are 6 types of Cess imposed in India.

    Feb 20, 2019

  • Heads of Important Offices in India

    In this article we have published a list of the heads of various constitutional and non-constitutional bodies in India. This list is very useful for all types of examinations conducted in India such as SSC / Banking / CDS / IAS / PCS / TET / CTET. The questions related to the heads of these institutions are asked in various examinations.

    Jan 31, 2019

  • 6 Amazing Questions on Indian Budget You Never Knew

    The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution. The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26, 1947. Former Prime Minister Manmohan Singh and former finance minister Yashwant Sinha are the only two leaders who presented the Union Budget of India 5 times consecutively.

    Jan 31, 2019

  • Union Budget of India: Definition and different types

    ‘Budget’ is a systematic list of items of revenue and expenditure of the government of a defined duration or we can say it’s a plan for the income and expenditure of the government for the present, past and future financial years.

    Jan 31, 2019

  • What is the significance of the images on the reverse side of Indian Currencies?

    There will hardly be a country in the world that does not have its own currency. Almost every country puts image of important person/monuments on its currency notes. India is also not behind in this practice. Indian currency note have images of Mahatma Gandhi, the Red Fort, the Sanchi Stupa, farmers, tiger and elephants etc.

    Sep 3, 2018

  • Kisan Credit Card Scheme: Eligibility, Objectives and Features

    The Kisan Credit Card (KCC) scheme was introduced in 1998 to provide institutional credit to small farmers, marginal farmers and Self Help Groups.

    Jul 26, 2018

  • Asian Development Bank: Functions and Assistance to India

    Asian Development Bank (ADB) was established on Dec.19, 1966. The aim of this bank was to accelerate economic and social development in Asia and pacific region. The bank started its functioning on January 1, 1967. Its head quarter is located at Manila, Philippines. Its chairmanship is always given to Japanese and 3 deputy chairmen belong to USA, Europe and Asia.

    May 28, 2018

  • List of Public Sector Banks which have highest share in NPA

    Accordingly to RBI, with effect from March 31, 2004, a Non-Performing Asset (NPA) shall be a loan or an advance where; Interest or instalment of principal remains overdue for a period of more than 90 days in respect of a term loan.

    May 4, 2018

  • Difference between Scheduled and Non-Scheduled Banks

    Banking sector of India can be broadly divided into two major groups’ i.e. scheduled bank and Non-Scheduled Banks. Banks which have been included in the second scheduled of the RBI Act, 1934; are called the scheduled bank while non scheduled banks are not included in the second schedule of the RBI Act,1934.

    May 4, 2018

  • What are the guidelines of RBI for ‘on tap’ licensing of Private banks?

    The Reserve Bank of India (RBI) had issued guidelines for licensing of new banks in the private sector on February 22, 2013. Two main guidelines to open the bank are; the aspirant entity / group should have total assets of Rs.50 billion or more and the initial minimum paid-up voting equity capital for a bank shall be Rs.5 billion. In the other words; the bank shall have a minimum net worth of Rs.5 billion at all times.

    Apr 12, 2018

  • What is the difference between payments banks and commercial banks?

    In India the Payments Banks and the Commercial Banks both work as per the Banking Regulation Act, 1949, but still the work of commercial banks is much larger than the payments banks. The biggest difference between the payments banks and the commercial banks is that the commercial banks can accept any sum of amount as a deposit/customer, but payments banks can accept deposits upto maximum Rs. 1 lakh/customer.

    Mar 14, 2018

  • What is FRDI Bill and how will it affect your bank deposits?

    The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 introduced in the Lok Sabha on August 10, 2017, is presently under the consideration of the Joint Committee of the Parliament. The FRDI will provide a comprehensive resolution framework to deal with bankruptcy situations in financial sector entities such as banks and insurance companies.

    Mar 9, 2018

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

    The 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 MSESs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

    Feb 28, 2018