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  • 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
  • List of Sectors reserved for Public Sectors in India

    India is a mixed economy which has combination of both public and private companies. If Indian wants to take profit of globalisation then the Indian economy should get closer to the world economy, as India has already done through New Economic Policy (NEP) of 1991. This is the impact of the NEP that as of now just 2 sectors of national importance are reserved for the public enterprises. These sectors are atomic energy and railway operations.

    Jun 27, 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
  • Know complete procedure to get loan under the Mudra Yojana

    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.

    Jun 20, 2018
  • List of Secretaries-General of SAARC

    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.

    Jun 12, 2018
  • How much Tax you pay on Diesel & Petrol in India?

    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.

    Jun 11, 2018
  • List of Members of European Union

    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.

    Jun 7, 2018
  • Asian Development Bank: Functions and Assistance to India

    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.

    May 28, 2018
  • The National Health Policy, 2017: Key Targets at a Glance

    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.

    May 24, 2018
  • Trade Related Aspects of Intellectual Property Rights (TRIPS)

    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).

    May 21, 2018
  • List of Members of ASEAN Organisation

    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).

    May 18, 2018
  • 15 Most Important facts about IMF

    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.

    May 15, 2018