• 13 Interesting facts about new Rs 50 Note

    As we know that RBI Governor on 16 April, 2019 issued new Rs 50 note bearing the signature of the Governor Shaktikanta Das. Let us study through this article about new denomination banknote Rs 50, also what is the difference between new and old Rs 50 note.

    Apr 18, 2019
  • Universal Basic Income (UBI): Definition, Features, Advantage and Disadvantages

    Universal Basic Income (UBI) is a model for providing a sum of money to all citizens of a country or other geographic area with a given sum of money, regardless of their income, employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens.

    Apr 15, 2019
  • What is the Meaning and Purposes of Deficit Financing?

    When the revenue of the government is shorter than its expenditure then this situation is dealt by printing more currency, buying from public and foreign institution. This temporary arrangement of the money is known as the deficit financing.

    Apr 9, 2019
  • What is FAME II Scheme of India?

    FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) India was a scheme launched in April, 2015 under National Electric Mobility Mission (NEMM). FAME Scheme India phase II is expanded scheme of FAME phase I and also aims to encourage faster adoption of Electric and hybrid vehicle. Also, to establish a necessary charging infrastructure for electric vehicles. Let us study about FAME and FAME phase II scheme of India, its significance, features, etc

    Apr 8, 2019
  • The Monetary Policy Committee (MPC): Composition and Objectives

    The 6 member 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.

    Apr 4, 2019
  • 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.

    Apr 2, 2019
  • What is the Sector-wise contribution of GDP in India?

    Services sector is the largest sector of India. Services sector accounts for 53.66% of total India's GVA of Rs. 137.51 lakh crore. Industrial sector is at the second spot and contributing around 31% of the Indian GDP. Agriculture sector is at the third spot and contributing around 16% of the Indian GDP.

    Apr 2, 2019
  • How Poverty Line is Determined in the Indian States?

    Suresh Tendulkar panel (in 2011-12) said that those who spend Rs. 27 in rural areas and Rs. 33 in urban areas are not poor. While an expert panel headed by former RBI governor C. Rangarajan said in a report submitted to the BJP government in July, 2014 that those spending over Rs 32 a day in rural areas and Rs 47 in towns and cities should not be considered poor.

    Apr 1, 2019
  • TRIFED: Meaning and Objectives

    The full form of TRIFED is ‘The Tribal Cooperative Marketing Development Federation of India’. It was established in 1987. It became operational from April 1988. The basic objective of the TRIFED is to provide good price to the products made or collected from the forest by the tribal peoples.

    Mar 29, 2019
  • Difference between Minimum Guarantee Scheme (MIG) and Universal Basic Income (UBI)

    In the Economic Survey 2016-17 Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic Income (UBI) to replace the various social welfare schemes in an effort to reduce poverty. On the other hand Rahul Gandhi has promised to give Minimum Income Guarantee (MIG) to the poor citizens of the country. MIG is a targeted scheme while UBI is a universal scheme.

    Mar 26, 2019
  • How does IMF give loan to its Members?

    The main motive of the International Monetary Fund (IMF) is to provide economic assistance to members’ countries for eliminating the adverse Balance of Payment (BOP). To solve the problem of international liquidity it started the concept of Paper Gold I.E. SDR in 1971. In this article we have explained that how the IMF gives loan to its member countries.

    Mar 22, 2019
  • List of all Five Year Plans of India

    The concept of economic planning in India is derived from the Russia (then USSR). India has launched 12 five year plans so far. First five year plan was launched in 1951. Now the present NDA government has stopped the formation of five year plan. So 12th five year plan would be called the last five year plan of India.

    Mar 14, 2019
  • 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
  • How will expulsion from Generalised System of Preferences (GSP) hurt India?

    Generalised System of Preferences (GSP) is an American business program that offers Duty Free Entry to goods of designated beneficiary countries especially developing countries. The Generalised System of Preferences was established on January 1, 1976 by the Trade Act of 1974. Recently USA excluded India from the list of beneficiaries of this program.

    Mar 8, 2019
  • What are Grey List and Black List of the Financial Action Task Force?

    The FATF is an independent inter-governmental body that develops and promotes policies to protect the Global Financial System against terror funding and Money Laundering activities. FATF has 2 types of lists one is Black list and other is Grey list. Those countries which are not supporting terror funding and money laundering are listed in the Black list while pro terror funding and money laundering nations are included in the grey list.

    Feb 25, 2019