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  • 13 Parameters to Compare India and China

    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.

    Oct 11, 2019
  • What is the New definition of Micro, Small and Medium Enterprises?

    The Micro Small and Medium Enterprises (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 MSMEs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

    Oct 9, 2019
  • The Monetary Policy Committee (MPC): Composition and Objectives

    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.

    Oct 4, 2019
  • What is the Sensex and how is it calculated?

    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.

    Sep 23, 2019
  • Financial Action Task Force (FATF): Meaning and Objectives

    The Financial Action Task Force (FATF) sets standards and promote effective implementation of legal, regulatory and operational measures to combat money laundering,terror financing, human trafficking.

    Aug 23, 2019
  • Functions of Enforcement Directorate

    The Enforcement Directorate (ED) was established in 1956. ED is responsible for enforcement of the Foreign Exchange Management Act, 1999 (FEMA) and certain provisions under the Prevention of Money Laundering Act (PMLA), 2002. Its Headquarters is situated at New Delhi.

    Aug 22, 2019
  • What is Money Laundering and how is it done?

    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.

    Aug 22, 2019
  • What is 7th Pay Commission of India?

    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.

    Aug 1, 2019
  • LIC Policy Holders: How to avoid frauds and save your money?

    It is being observed that some LIC policy holders are getting calls from the fraudster. These fraudsters are calling LIC policy holders to link their Aadhaar number with the policies by sending SMS on a particular number. LIC has clarified that LIC officials never call policyholders or never encourage its policy holders to discontinue their existing policy/policies to get extra benefits.

    Jul 22, 2019
  • Economic Survey 2019: All you need to know!

    In Economic Survey 2019 some key themes are seen shifting like Change from ‘Beti Bachao Beti Padhao’ to ‘BADLAV’, ‘Swachh Bharat’ to ‘Sundar Bharat’. A day before the Union Budget, an economic survey is presented. Basically it is an outlook of developments in the economy. It consists of the most authoritative and updated source of data on India's economy. A lot more to read about Economic Survey, its importance and what is expected this year from economic survey?

    Jul 5, 2019
  • Union Budget of India: Definition and Types

    A Union budget is an estimation of revenue and expenditure of the Central government over a specified period of time and is usually compile present, past and future financial years.

    Jul 3, 2019
  • How to apply for Ayushman Bharat Yojana?

    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.

    Jun 20, 2019
  • What is Ayushman Bharat Yojna?

    Ayushman Bharat Yojana or PMJAY 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 (Jharkhand) on 23 September, 2018 by the Prime Minister Narendra Modi.

    Jun 20, 2019
  • Paytm Credit Card: Key Features and Benefits

    Paytm offers facility of online shopping, paying bills, money transfer etc. Recently Paytm launched its much expected Paytm credit card which is also called Paytm First Card. So get to know key features and benefits of the Paytm credit card read this article.

    May 16, 2019
  • How does IMF give loan to its Members?

    The International Reconstruction and Development Bank (IBRD) and The International Monetary Fund (IMF) and were established in July 1944 in the Conference of 44 countries held in Bretton Woods, New Hampshire, USA. India is the founding member of the IMF.

    May 13, 2019