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  • List of all Five Year Plans of India

    The first five-year plan of India was launched in 1951. There are 12 Five year plans have been launched by the Indian Government. The concept of economic planning in India is derived from Russia (then USSR).

    Mar 25, 2020
  • What is the New definition of Micro, Small and Medium Enterprises?

    MSME Definition: The Micro Small and Medium Enterprises (MSMEs) are classified as per the MSME Act-2006. Micro, Small and Medium Enterprises (MSMEs) are classified into two categories: Manufacturing Enterprises and Service Enterprises. Now MSMEs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

    Mar 25, 2020
  • Why is India Constructing Strategic Petroleum Reserves?

    Strategic Petroleum Reserves: India is making strategic petroleum reserves to store crude oil under the ground. India has already underground caves of 5.33 MMT storage in three places. These include; Padur (2.5 MMT), Visakhapatnam (1.33 MMT), and Mangalore (1.5 MMT).

    Mar 20, 2020
  • 20 Important facts about Indian Economy-2020

    The Indian economy is composed of the three major sectors like i.e., Services sector, Industry sector, and Agriculture sector. The contribution of the Services sector in the Indian economy is around 54.30%. The Value of India's Export stood at US$ 356.96 billion in between April-November 2019.

    Mar 13, 2020
  • Index of Industrial Production (IIP): A detailed information

    The Index of Industrial Production (IIP) is an indicator that measures the changes in the volume of production of industrial products during a given period. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

    Mar 13, 2020
  • What are the differences between Wholesale Price Index & Consumer Price Index?

    The difference in CPI and WPI: Wholesale Price Index (WPI) and Consumer Price Index (CPI) are two widely used indexes to calculate the inflation in the country. India uses the WPI index to calculate inflation while most of the countries use CPI for the same.

    Mar 12, 2020
  • Financial Action Task Force (FATF): Meaning and Objectives

    The Financial Action Task Force (FATF) prohibits the cases of terror financing, money laundering and human trafficking throughout the world.

    Feb 17, 2020
  • What is the cost of printing 200, 500 and 2000 rupees notes in India?

    The Reserve Bank of India (RBI) prints currency notes of all denominations except one rupee note. In its annual report, the Reserve Bank has stated that the cost of printing a note of 200 rupees is Rs.2.93, printing cost of 500 rupee note is Rs. 2.94 and printing of a 2000 rupee note cost Rs.3.54.

    Feb 12, 2020
  • Union Budget of India: Definition and Types

    Union Budget: Meaning 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 one year.

    Jan 31, 2020
  • Indian ranking in different Global Index 2019

    There are many global ranking is done by different institutions at the world level. Some famous indices include Ease of doing business ranking, HDI ranking, competitive index. These institutions provide a way forward to the policymakers of different countries for appropriate schemes. 

    Jan 24, 2020
  • What is the Sector-wise contribution of GDP in India?

    The services sector is the largest sector in India. The services sector accounts for 53.66% of total India's GVA of Rs. 137.51 lakh crore. The industrial sector is at the second spot and contributing around 31% of the Indian GDP. The agriculture sector is at the third spot and contributing around 16% of the Indian GDP.

    Jan 3, 2020
  • 13 Parameters to Compare India and China

    India and China are the two Asian giants in terms of Population, size of GDP, and defence capabilities. In this article, we have compared these two countries on 13 parameters.

    Dec 24, 2019
  • What are the key features of Payments Banks in India?

    Payments Banks are working as per the Banking Regulation Act, 1949. The main objective of setting up of payments banks is to ensure the financial inclusion by providing payments/remittance services to migrant labour workforce, low income households and workers of the un-organised sector.

    Dec 10, 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