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List of all Five Year Plans of India

Jun 20, 2018
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.

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Know complete procedure to get loan under the Mudra Yojana

Jun 20, 2018
Narendra Modi ji started the Prime Minister Mudra Yojna (PMMY) on April 8, 2015. The prime motive of this scheme is to promote self-employment opportunities and manufacturing activities in the country. Under the Mudra Yojna a huge loan of Rs.2.46 lakh crore disbursed to 480 million people in the financial year 2017-18. In this article you will read how to get loan from the Mudra Yojna.

List of Secretaries-General of SAARC

Jun 12, 2018
The South Asian Association for Regional Cooperation (SAARC) was established in Dhaka on 8 December 1985.Originally there were seven members in the SAARC. But on the 13th SAARC Summit held in Dhaka in November 2005, finalised the membership of Afghanistan in the SAARC. Currently there are 8 members in the SAARC organisation i.e. Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka.

How much Tax you pay on Diesel & Petrol in India?

Jun 11, 2018
On the basis of current crude oil prices in the international market, crude oil costs around Rs. 31 per litre in India but due to the excise duty imposed by the Central Government and the VAT imposed by the state government; the final cost of the diesel and petrol becomes 67.54 and 76.24 per litre respectively. Currently, a consumer in Delhi is paying around Rs.35.69 per litre as tax on petrol and 25.24 rupees per litre on diesel.

List of Members of European Union

Jun 7, 2018
The European Union (EU) is a political and economic union of 28 member countries that are located in Europe. The six European countries known as “inner six” constituted EEC on the basis of Rome treaty in 1957. The main goal of the European Union is to promote sustainable development based on balanced economic growth and price stability in the region.

Asian Development Bank: Functions and Assistance to India

May 28, 2018
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.

The National Health Policy, 2017: Key Targets at a Glance

May 24, 2018
The National Health Policy, 2017 was launched by the Ministry of Health and Family Welfare on 15th March, 2017.Through the help of this policy the government aims shifting focus from “sick-care” to “wellness”, by promoting prevention and well-being of the people.

Trade Related Aspects of Intellectual Property Rights (TRIPS)

May 21, 2018
Trade-Related Aspects of Intellectual Property Rights (TRIPS) is arguably the most important and comprehensive international agreement on intellectual property rights. Member countries of the WTO are automatically bound by the agreement. The Agreement covers most forms of intellectual property including patents, copyright, trademarks, geographical indications, industrial designs, trade secrets, and exclusionary rights over new plant varieties. It came into force on 1 January 1995 and is binding on all members of the World Trade Organization (WTO).

List of Members of ASEAN Organisation

May 18, 2018
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand. Currently there are 10 permanent members of this association. Its headquarter is in Jakarta (Indonesia).

15 Most Important facts about IMF

May 15, 2018
International Monetary Fund (IMF) and IBRD are known as the Bretton Woods twins due to their similar date and place of establishment. In this article we have compiled the most important facts about IMF. These all facts are important for the competitive exams to be held in India.

List of Sectors covered under the Make in India Plan

May 15, 2018
Make in India is a “Be Indian and Made Indian” type of Swadeshi movement; covering 25 sectors of economy. This plan was launched by the Government of India on 25 September 2014 to encourage companies to manufacture their products in India.

What is National Manufacturing Policy of India?

May 14, 2018
The Department of Industrial Policy and Promotion (DIPP) under The Ministry of Commerce and Industry has notified the National Manufacturing Policy (NMP) on November 4, 2011. The main objective of this policy is to enhance the share of manufacturing sector in GDP to 25% and creating 100 million jobs over a decade.

List of Public Sector Banks which have highest share in NPA

May 4, 2018
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.

Difference between Scheduled and Non-Scheduled Banks

May 4, 2018
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.

List of President of the World Bank Group

May 2, 2018
The President of the World Bank Group is the head of World Bank Group. The President is responsible for heading the meetings of the Boards of Directors and for overall management of the World Bank Group. The first President of the World Bank Group was Mr. Eugene Meyer from the USA. He assumed the office in 1946.

List of Managing Directors of International Monetary Fund

Apr 24, 2018
The International Monetary Fund (IMF) is led by a Managing Director, who is head of the staff and serves as Chairman of the Executive Board. Since its inception the Managing Director of IMF has been European and the president of the World Bank has been from the United States. Managing Director of the IMF is selected by the Executive Board consists of 24 member. Till date the IMF has had 11 Managing Directors since it began operations.

14th Finance Commission: Share of States in the Union Tax Revenue

Apr 17, 2018
Article 280 of the Indian Constitution requires the composition of the Finance Commission in every five years. The 14th Finance Commission of India is constituted in the chairmanship of the former RBI governor Mr. Y.V. Reddy for the period of April 1, 2015 to March 31, 2020. The 14th Finance Commission has recommended a record 10% increase in the states' share in the Union taxes revenue to 42%.

List of all the Sustainable Development Goals (SDGs)

Apr 16, 2018
The Sustainable Development Goals (SDGs), also known as the Global Goals, are a universal call to action to end poverty, protect the environment, reduce economic inequality and ensure peace and justice for all. On 25 September 2015, the 193 countries of the UN General Assembly adopted the 2030 Development Agenda titled "Transforming our world: the 2030 Agenda for Sustainable Development.

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

Apr 12, 2018
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.

What is Poverty and its types?

Apr 11, 2018
Poverty is an economic state where people are experiencing scarcity or the lack of certain commodities that are required for the lives of human beings like money and material things. Therefore, poverty is a multifaceted concept inclusive of social, economic and political elements.
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