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  • Why is India Constructing Strategic Petroleum Reserves?

    To ensure energy security for the country, India is making strategic petroleum reserves to store crude oil under the ground. These rocky caves are man-made. India has already underground caves of 5.33 MMT storage in three places. These include Visakhapatnam (1.33 MMT), Mangalore (1.5 MMT) and Padur (2.5 MMT).

    Dec 5, 2018
  • List of 111 National Waterways in India

    The Haldia-Varanasi National Waterway-1 has been made operational on 12 November,2018 by the PM Modi. The government of India has declared 111 waterways as National Waterways (NWs) in the country. National Waterways are the cheapest mode of transporting goods as compared to other ways of freight transportation. The cost of transportation through waterways is around 1.06 Rs. per Tonne Kilometre while Rs.2.5 per Tonne Kilometre through highway.

    Nov 26, 2018
  • Interesting facts about Income Inequality in India in 2018

    In this article we are publishing 15 interesting facts from the Oxfam India Report 2018. This report says that the income disparity is increasing in India very rapidly. On the one hand we had 101 billionaires out of 2,043 dollar billionaires worldwide but on the other hand we had world’s second highest number of people living in extreme poverty, which is defined as living on less than $1.90 a day.

    Oct 22, 2018
  • Why Rupee is falling against Dollar currently?

    At the time of India's independence, the value of one dollar was equal to one rupee but in the June 2018, the value of Indian rupee against the US dollar has reached its lowest level at Rs.72.51 per dollar. In this article, we explained the reasons behind the depreciation of Indian Rupee in the current months.

    Sep 10, 2018
  • 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
  • What are the main Security Features of the Currency Notes of India?

    An estimation done by the RBI says that the number of the counterfeit notes in the FY 2017 has increased by 20% and the number reached up to 7.62 lac. The maximum numbers of fake notes were in the denomination of 500 and 2000 rupees. To aware the general public we are publishing some security features of the currency notes so that, fake notes can be detected by the general public.

    Jul 16, 2018
  • Coinage Act 2011: What you can’t do with Coins in India

    RBI prints the currency notes as per the provisions of the Reserve Bank of India Act, 1934 while the coins in India are minted as per The Coinage Act, 2011. In this article the reader will understand that which rules exist in India regarding the tendering of coins in the country. Interesting to know that the Coinage Act, 2011 is applicable in the whole India including the J & K.

    Jul 11, 2018
  • Which are the biggest Banking Scams of India?

    The banking system of any country comprises of the small savings of the people. When a large number of people deposit the money it becomes the huge amount in the hands of the banks. Commercial Banks lends this money to individuals, traders and institutions and earns profits in the form of interest. But when the lenders do not returns this amount to the banks it becomes the threat to the banks.

    Jul 10, 2018
  • Do You know Indians were richer than Americans during Akbar’s Regime

    Around the year 1600 AD, India was ruled by the Akbar and in the same year the British had established East India Company in India. According to a report from the University of Groningen, Netherlands, when Indians was ruled by Akbar, India's Per Capita GDP was more than France, Germany, America and Japan.

    Jul 9, 2018
  • What is the difference between RuPay Card, VISA Card and Master Card?

    Have you ever noticed that on the credit or debit card, RuPay card or Visa or MasterCard is written, even if we have taken it from any bank. Why is it so, what is the difference between them, whether RuPay Card can be used internationally or not etc. Let us study through this article.

    Jul 9, 2018
  • Which Countries are the largest borrowers from the World Bank in 2017?

    As per the recent data of the World Bank, China is the largest recipient of the loan from the World Bank Group. China took loan of 2420 million dollar followed by the India with 1776 million dollar and Indonesia is on the third position by borrowing 1692 mn dollar in the FY 2017. As per the definition of the World Bank, India is no longer eligible to receive the loan under the IDA arm because it is no more considered as the poor country.

    Jun 28, 2018
  • Why “I Promise to pay the bearer sum of 100 Rupees” is written on the Indian Currency?

    The Reserve Bank of India (RBI) has the responsibility of printing currency notes in India. RBI prints the notes of all denomination except 1 rupee note because it is printed by the Ministry of Finance. Except one rupee note every currency note of India has the declaration of the RBI governor; “I Promise to pay the bearer sum of 100 Rupees”. Its simple meaning is; if somebody held a note of 100 rupee then it is the liability of the RBI to pay the bearer goods/gold of 100 rupee at any cost.

    Jun 26, 2018
  • What is the Eurozone and what are the conditions for joining it?

    The union of 28 member countries located in Europe is called the European Union (EU). Out of the 28 members of the EU only 19 have accepted the euro (€) as their authorised currency. These countries are collectively known as the Euro zone. The Euro is used as a common currency for all the transactions in the Eurozone without any discrimination. These transactions are related to online/offline shopping, flight ticket booking, purchase of grocery etc.

    Jun 26, 2018
  • How many Countries’s currency will change after the death of this person?

    British Queen Elizabeth II has been holding the post since February 6, 1952. As of now the British currency pound has the picture of Queen Elizabeth. Apart from the Britain there are 10 other countries also use the British pound as their currency. As per the British rule, after the death of queen the picture of queen will be removed from the currency. This article is publishing the name of those countries whose currency will change after the death of the queen.

    Jun 25, 2018
  • Name of World Bank funded Projects in India

    The World Bank provides loans to its member countries at cheapest rates through International Development Association (IDA). In 2017, India took loan of 1776 million dollars from the World Bank. At present, the World Bank is giving financial assistance to more than 783 projects in India. In this article you will read the name of the World Bank funded projects of India.

    Jun 22, 2018