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  • 20 facts about Indian Economy-2018

    A recent report released by the International Monetary Fund, said that Indian economy will be the fastest growing economy in the world in the year 2018. The Indian economy is composed of the three major sectors like i.e., Services sector: 53.7%, Industry sector: 31.2% and Agriculture sector: 15.2%.

    Mar 20, 2018
  • List of Indian states on the basis of sex ratio

    Sex ratio is defined as the number of females per thousand males. Sex ratio in an important social indicator to measure the extent of prevailing equality between the males and females in a society at a given point of time. As per the census 2011 the sex ratio in India is 943 per 1000 males which was 933 in the previous census 2001.

    Mar 19, 2018
  • What are the names of Indian Credit Rating Agencies and their grades?

    Credit rating agencies evaluate debentures, fixed deposits and other short term credit documents of various companies after studying their financial status, industrial risks and market conditions. There are 4 credit rating agencies working in India namely, CRISIL, ICRA, CARE and DCR India.

    Mar 15, 2018
  • What is the difference between payments banks and commercial banks?

    In India the Payments Banks and the Commercial Banks both work as per the Banking Regulation Act, 1949, but still the work of commercial banks is much larger than the payments banks. The biggest difference between the payments banks and the commercial banks is that the commercial banks can accept any sum of amount as a deposit/customer, but payments banks can accept deposits upto maximum Rs. 1 lakh/customer.

    Mar 14, 2018
  • What is the State wise Renewable Energy Potential in India?

    As per the data released by the Ministry of New and Renewable Energy, the total renewable potential of India is 896602 MW.Rajasthan is the leader of solar power production and overall renewable energy production in the country followed by the Jammu & Kashmir and Maharashtra with total renewable energy of 118208 MW and 74500 MW respectively.

    Mar 13, 2018
  • What are the key features of Payments Banks in India?

    A Payments Bank is a “differentiated bank” set-up under the guidelines issued on Nov 27, 2014 by the Reserve Bank of India (RBI).The main objective of setting up of payments banks is to ensure the financial inclusion by providing payments/remittance services to migrant labour workforce, opening up small savings accounts of; small business holders, low income households and workers of the un-organised sector.

    Mar 12, 2018
  • What is FRDI Bill and how will it affect your bank deposits?

    The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 introduced in the Lok Sabha on August 10, 2017, is presently under the consideration of the Joint Committee of the Parliament. The FRDI will provide a comprehensive resolution framework to deal with bankruptcy situations in financial sector entities such as banks and insurance companies.

    Mar 9, 2018
  • How Maharatna,Navaratna and Miniratna status granted to CPSEs?

    The central Government has laid down eligibility criteria to grant Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs).This article is explaining the criteria for granting the Maharatna, Navaratna and Miniratna status granted to PSUs/ CPSEs. Currently there are 8 Maharatna, 16 Navratna and 74 Miniratna companies in India.

    Mar 7, 2018
  • Rs of 500 and 1000 Note Ban: Benefits & Drawbacks

    PM Modi announced a decisive war against black money and also corruption by demonetising notes of Rs 500 and Rs 1000 which will be no longer legal. So, let us have a look on the benefits of this scheme, how it will be beneficial and also some drawbacks.

    Mar 5, 2018
  • Index of Industrial Production (IIP): Detailed information

    The Central Statistical Organisation (CSO) under the “Ministry of Statistics and Programme Implementation” is responsible for the compilation and publication of the Index of Industrial Production (IIP) since 1950. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

    Feb 28, 2018
  • 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.

    Feb 28, 2018
  • Fiscal Policy of India: Meaning, Objectives and Impacts on the Economy

    Fiscal policy deals with the taxation and expenditure decisions of the government. Some of the major instruments of fiscal policy are as follows: Budget, Taxation, Public Expenditure, public revenue, Public Debt, and Fiscal Deficit in the economy.

    Feb 26, 2018
  • List of top 15 Private Sector Banks in India

    In banking sector, there are 3 types of banks i.e. Public sector Banks, Private sector Banks and Foreign sector banks. In private sector Banks; the Banks are owned through either an individual or with limited partners and these types of banks are not incorporated. HDFC (Housing and Development Finance Corporation) is the biggest bank of India in terms of market capitalization followed by axis bank and ICICI Bank.

    Feb 23, 2018
  • Five Year Plans of India: 15 important facts

    The first five year plan of India was launched in the 1951 and so far 12 five year plans have been implemented in the country. Present NDA government has decided to stop formation of new five year plan further. This article is explaining 15 interesting facts about these all five year plans.

    Feb 22, 2018
  • New Economic Policy of 1991: Objectives, Features and Impacts

    In 1991, the P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export and reduce the adverse Balance of Payment (BOP) situation. This is also known as the LPG Model of growth.

    Feb 21, 2018