• How National Highways are named in India

    National Highways Authority of India (NHAI; was set up in 1988) is responsible for development, maintenance and management of Highways in India. India has the second largest road network across the world. The total length of Natioanl Highways in increased from about 91,287 km in 2014 to about 142,126 km in 2019.

    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
  • Merit and Non Merit Goods: Meaning, differences and Examples

    Merit goods and services are those goods which are promoted by the government. Government wants to promote the consumption of these goods to increase the welfare of the society. On the other hand non merit goods and services are those which are harmful for the society so government want to check the consumption of the non merit goods.

    Apr 5, 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
  • Impacts of Green Revolution on India

    In the latter half of the Second Five Year Plan, planners suggested ways and means to increase agricultural production and productivity. So the government introduced an intensive development programme in seven districts selected from seven States around 1966-67, known as Green Revolution in India.

    Apr 1, 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
  • Structure of Banking Sector in India

    Reserve Bank of India is the Central Bank of our country. It was established on 1st April 1935 under the RBI Act of 1934. It holds the apex position in the banking structure. RBI performs various developmental and promotional functions. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank of India and its associate banks. There are total 92 commercial banks in India. Public sector banks hold near about 75% of the total bank deposits in India.

    Apr 1, 2019
  • Microfinance Institutions in India:Salient Features

    Reserve bank of India defines NBFC-MFI as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of Rs.5 crore (for NBFC-MFIs registered in the North Eastern Region of the country, it will be Rs. 2 crore) and having not less than 85% of its net assets as “qualifying assets”. Ultimate goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.

    Mar 30, 2019
  • Balance of Payment (BOP):Definition and Components

    Balance of Payment (BOP) of ac country can be defined as a systematic statement of all economic transactions of a country with the rest of the world during a specific period usually one year. The systematic accounting is done on the basis of double entry book keeping (both sides of transactions credit and debit are included). Economic transaction includes all such transactions that involve the transfer of title or ownership of goods and services, money and assets.

    Mar 30, 2019
  • Convertibility of Currency in India

    Prior to the First World War the whole world was having gold standard under which the currency in circulation was allowed to get converted either in gold or other currencies based on the gold standard. But after the failure of Bretton woods system in 1971 this system changed. Presently convertibility of money implies a system where a country’s currency becomes convertible in foreign exchange and vice versa. Since 1994, Indian rupee has been made fully convertible in current account transactions.

    Mar 30, 2019
  • Classification and Operations of Commercial Banks in India

    Government banks (at present 20) form a prominent part of the country’s Financial Institution System. Commercial Banks are those profit making institutions which accept deposits from general public and gives money (loan) to individuals like household, entrepreneurs, businessmen etc. The prime objective of these banks is to earn profit in the form of interest, commission etc. The operations of all these commercial banks are regulated by the Reserve Bank of India, which is the central bank and supreme financial authority in India.

    Mar 30, 2019
  • Money Supply and Inflation

    Supplying the money in the market is the sole responsibility of the central bank of the country (Reserve Bank of India in case of India). RBI prints the currency and supplies money in the economy. Coins are minted by the Ministry of Finance but circulated by the RBI in the whole country. Supply of money decides the rate of inflation in the economy. If supply of money increases in the economy then inflation starts rising and vice versa.

    Mar 30, 2019
  • Sustainable Development: Background, Definition, Pillars and Objectives

    Sustainable Development (SD) refers to that development which meets the needs of the present without compromising the ability of future generations to meet their own needs".

    Mar 30, 2019
  • Public Debt and Deficit Financing

    India's external debt stock stood at US$ 475.8 billion at end-March 2015 as against US$ 446.3 billion at end-March 2014. Notwithstanding the increasing external debt stock during 2014-15, crucial debt indicators such as external debt-GDP ratio and debt service ratio remained in the comfort zone. External debt of the country continues to be dominated by the long term borrowings. Government arranges money from deficit financing (borrowing from general public, printing new currency and borrowing from external sources) if its expenditure exceeds revenue.

    Mar 30, 2019