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  • What is Pradhan Mantri Jan Dhan Yojana and who else get benefit first?

    Due to the Corona crisis, the Government of India had announced Pradhan Mantri Garib Kalyan packages to ease the hardship of the poor during the period of lockdown. Under the package, Rs 500 in the Pradhan Mantri Jan Dhan account beneficiaries to be credited from today. Let us find out the withdrawal schedule for the account holders and also about Pradhan Mantri Jan Dhan Yojana.  

    Apr 3, 2020
  • What are the key features of Payments Banks in India?

    Currently, there are 6 payment banks operating in India which were initially 11. The guidelines for the establishment of payment banks were issued on 24 November 2014 by the Reserve Bank of India. Payment banks will be allowed to open a savings account and current account but they can't issue a credit card.

    Apr 1, 2020
  • Provident Fund, National Savings Certificate, Kisan Vikas Patra: Meaning and current rate of interest

    National Savings Certificate, Fixed deposits, Provident Fund, and Kisan Vikas Patra are some products launched to increase saving habit in the general public.These are some products to get stable return. Let us have a look on the rate of interest offered on these products.   

    Apr 1, 2020
  • Reserve Bank of India: History, Establishment, Objectives and Functions

    Reserve Bank of India (RBI) was established on 1 April 1935 by the RBI Act 1934. The key functions of RBI are to; print the currency notes, work as the custodian of foreign exchange reserve, controller of credit and banker’s bank.

    Mar 31, 2020
  • What are the main functions of Reserve Bank of India?

    Reserve Bank of India (RBI) is the Central Bank of India. RBI was established on 1 April 1935 by the RBI Act 1934. Key functions of RBI are, banker’s bank, the custodian of foreign reserve, controller of credit and to manage printing and supply of currency notes in the country.

    Mar 31, 2020
  • Banking Merger in India: Meaning and Benefits

    Banks Merger in India: The Finance Minister Sitharaman had announced the merger of 10 Public Sector Banks into four on August 30, 2019. This merger is approved by the union cabinet on 4 March 2020. The merger would be effective from April 1, 2020. Now the number of Public Sector Banks would be reduced to 12 from 27 of 2017.

    Mar 31, 2020
  • COVID-19: Comparison of Healthcare system of India and Italy

    India spends about 3.5% of its GDP on healthcare and Italy spends about 9% of its GDP on health services. India's healthcare sector is not even in the top 100 list in the world rankings while Italy comes second in the world. Let us compare the health and other areas of India and Italy in the context of COVID-19 Pandemic in this article.

    Mar 30, 2020
  • Pradhan Mantri Ujjwala Yojana (PMUY): All you need to know

    Pradhan Mantri Ujjwala Yojana (PMUY) is the Scheme for providing LPG connections to the women belonging to the Below Poverty Line (BPL) families. The scheme has been implemented by the Ministry of Petroleum and Natural Gas. Let us read in detail about Pradhan Mantri Ujjwala Yojana, its benefits, how to apply for it, etc.

    Mar 27, 2020
  • Essential Commodities Act, 1955: Meaning, Objectives, and Punishment

    The Essential Commodities Act, 1955 is a law which prohibits shopkeepers from storing and black marketing of essential commodities. Recently, the Central Government has notified order under the Essential Commodities Act to declare masks and hand sanitizers as Essential Commodities up to 30th June 2020. This notification will prohibit the black marketing and hoarding of these two essential commodities.

    Mar 27, 2020
  • G-20 Summits: List of Summits and Members

    List of G-20 Summits and Members: There are 20 members of the G-20 including India. The last annual meeting of the G20 was held in Japan's city Osaka in June 2019 and the next meeting will take place in Riyadh(Saudi Arabia) between 21–22 November 2020.

    Mar 26, 2020
  • Why is India Constructing Strategic Petroleum Reserves?

    Strategic Petroleum Reserves: India is making strategic petroleum reserves to store crude oil under the ground. India has already underground caves of 5.33 MMT storage in three places. These include; Padur (2.5 MMT), Visakhapatnam (1.33 MMT), and Mangalore (1.5 MMT).

    Mar 20, 2020
  • List of Top 10 Export and Import Source of India

    The value of India export was around US$ 356.96 billion in April-November 2019. The largest destination for India's export was the USA. It accounts for 15.88% of Indian export. On the other hand, the largest source of India's import was from China. This article is based on the top importing and exporting partners of India.

    Mar 14, 2020
  • List of Top 10 Products Exported from India

    As per the Economic Survey 2019-20; Petroleum products are the biggest exporting item from India. It accounts for a 14% share of total Indian export followed by precious stones with 7.87%. Read this article to know the list of all the exporting items from India in 2019-20.

    Mar 14, 2020
  • Index of Industrial Production (IIP): A detailed information

    The Index of Industrial Production (IIP) is an indicator that measures the changes in the volume of production of industrial products during a given period. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

    Mar 13, 2020
  • What are the differences between Wholesale Price Index & Consumer Price Index?

    The difference in CPI and WPI: Wholesale Price Index (WPI) and Consumer Price Index (CPI) are two widely used indexes to calculate the inflation in the country. India uses the WPI index to calculate inflation while most of the countries use CPI for the same.

    Mar 12, 2020