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  • Indian Economy: A Complete Study Material

    The Complete Study Material of “Indian Economy” is segmented into 5 Sections to streamline the learning process for all students who are at a learning stage with the reference of NCERT economics book and some other academic books.

    Mar 29, 2019
  • National Development Council:Composition, Objectives and Functions

    National Development Council (NDC) is an executive body established by the Government of India in August 1952, which is neither a constitutional nor a statutory body. It is the apex body to take decisions on matters related to approval of five year plans of the country. Prime minister is the ex-officio chairman of the NDC.

    Mar 29, 2019
  • Jargons of Economics-I

    Jargons are subject specific special words or vocabulory used by some subject professionals. These jargons are difficult for common peoples/students etc. So We picked some of the most important words to enhance your knowledge of Economics.

    Mar 29, 2019
  • Basel III Norms in India: Meaning, Requirement and Impacts on Indian Banking system

    Basel III or Basel 3 released in December, 2010 is the third in the series of Basel Accords. These accords deal with risk management aspects for the banking sector. These Norms to be partially implemented from March 31, 2015 in phases and would be fully implemented as on March 31, 2018.

    Mar 29, 2019
  • Features of FERA & FEMA in India

    In the budget of 1997-98, the government had proposed to replace FERA-1973, by FEMA (Foreign Exchange management act). FEMA was proposed by the both house of the parliament in Dec. 1999. After the approval of president, FEMA 1999 has come into force w.e.f. June, 2000. Under the FEMA, provisions related to foreign exchange have been modified and liberalized so as to simplify foreign trade. Government hopes that the FEMA will make favourable development in the foreign money market.

    Mar 29, 2019
  • What are the Objectives and Functions of World Bank?

    The International Bank for Reconstruction and Development (IBRD) was created in 1944 to help Europe rebuild after World War II. Today, IBRD provides loans and other assistance primarily to middle income countries. IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group (IBRD, IDA, IFC, MIGA) to help developing countries reduce poverty, promote economic growth, and build prosperity. IBRD is owned by the governments of its 188 member countries.

    Mar 29, 2019
  • International Finance Corporation & MIGA

    The World Bank Group (WBG) is a family of five international organizations that are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), The International Finance Corporation (IFC), The Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). IFC was established in July 1956 that provides loans to private industries for developing nations without any government guarantee and also promotes the additional capital investment in these countries. MIGA came into existence on April 1988.

    Mar 29, 2019
  • 20 most important facts about Goods and Services Tax for exams

    Goods and Services Tax (GST) is an indirect tax which has been implemented in India on 1 July 2017. The main objective behind the implementation of this tax is to make a uniform tax system in the country. Due to the implementation of the GST, incidence of tax evasion will come down in the country. So GST will increase the total tax collection of the government. In this article, we are giving 20 key facts related to the goods and services tax (GST).

    Mar 29, 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
  • What is Competition Act 2002 and why is it made?

    India’s official anti monopoly body; the Competition Commission of India (CCI) had finally become operational from May 20, 2009. It’s an independent body responsible for investigating mergers, acquisition and pricing strategy by the different companies. Competition Act 2002 had replaced the Monopolies and Restrictive Trade Practices Commission, 1969.

    Mar 26, 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
  • Lokpal an Anti-Corruption Ombudsman: Meaning and Powers

    Lokpal is a national anti corruption ombudsman to look into complaints against public servants which are defined under the Lokpal Act 2013. The Lokpal and Lokayuktas Act, 2013 received the assent of the President on the January 1st, 2014, and is hereby published for information of general Public.

    Mar 20, 2019
  • 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.

    Mar 15, 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