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  • G-20 Summits: List of Summits and Members

    The annual meeting of the G-20 Leaders is known as the G-20 summit. The G 20 Summit is formally known as the “Summit on Financial Markets and the World Economy”. There are 20 members of the G-20 including India. The last 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.

    Nov 11, 2019
  • What is the Grey List and Black List of the Financial Action Task Force?

    The Financial Action Task Force (FATF) is an independent inter-governmental body. The FATF develops and promotes policies to protect the Global Financial System from terror funding and Money Laundering activities. Those countries which don't support terror funding and money laundering are placed in the grey list.

    Oct 21, 2019
  • New Economic Policy of 1991: Objectives, Features and Impacts

    New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao. This policy opened the door of the India Economy for the global exposure for the first time. In this New Economic Policy P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export. This is also known as the LPG Model of growth.

    Oct 14, 2019
  • 13 Parameters to Compare India and China

    India and China are the super powers of Asian Subcontinent and striving hard to capture the attention of the other economies of the world. As per the data of International Monetary Fund World Economic Outlook (October-2018) published on March 18, 2019 the size of Chinese economy is $ 13,457.267 billion which is around 16% of the world economy while on the other hand the size of Indian Economy is around $2,689.992 billion which is around 3.17% share of the the world economy.

    Oct 11, 2019
  • What is the New definition of Micro, Small and Medium Enterprises?

    The Micro Small and Medium Enterprises (MSMEs) are classified as per the MSME Act-2006. Micro, Small and Medium Enterprises (MSMEs) are classified in two categories: Manufacturing Enterprises and Service Enterprises. Now MSMEs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

    Oct 9, 2019
  • PMC Bank Fraud Case: Full detail of the Bank fraud

    Punjab & Maharashtra Co-operative Bank is a Scheduled Commercial bank situated in 6 states of the country. This bank was established on February 13, 1984 as a single branch Bank. In a span of 35 years, the Bank has a wide network of 137 branches across six states. This bank has total deposits of about Rs 11,617.34 crore.

    Oct 7, 2019
  • The Monetary Policy Committee (MPC): Composition and Objectives

    Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934. The first meeting of the MPC was held on October 3 and 4, 2016. This committee decides various policy rates like Repo rate, Reverse repo rate, MSF and Liquidity Adjustment Facility etc. On 4th October, 2019 the RBI Monetary Policy committee has cut the repo rate by 25 bps to 5.15%. Now the repo rate stands at 5.15%, the lowest since March 2010.

    Oct 4, 2019
  • What is RBI's Monetary Policy: Objectives & Instruments

    The monetary policy refers to a regulatory policy whereby the central bank maintains its control over the supply of money to achieve the general economic goals. Main instruments of the monetary policy are: Cash Reserve Ratio, Statutory Liquidity Ratio, Bank Rate, Repo Rate, Reverse Repo Rate, and Open Market Operations.

    Oct 4, 2019
  • What are the main functions of Reserve Bank of India?

    Reserve Bank of India (RBI) is the highest monetary authority of India. RBI was established in 1935 by the RBI Act 1934. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.

    Oct 4, 2019
  • Why is India’s Gross Domestic Product falling?

    The Gross Domestic Product (GDP) of the Indian economy in the first quarter of the current fiscal year 2019-20 declined to six year low at 5%. In this article we have explained the reasons behind the decline in the Indian GDP.

    Sep 23, 2019
  • What is the Sensex and how is it calculated?

    The term 'Sensex' was given by stock market analyst Deepak Mohoni and it is made from combination of two words Sensitive and Index. The Sensex measures the stock prices of 30 listed companies of the Bombay Stock Exchange. The main reason behind fluctuation in the Sensex is the up and down in the share price of top 30 companies.

    Sep 23, 2019
  • List of Important Schemes launched by the Modi Government

    Narendra Modi has launched many welfare schemes since 2014. These schemes varies from welfare of Farmers, housewives, labourers, students to small shopkeepers etc. Some prominent schemes of modi government are; Ujjwala Scheme, jan dhan yojna, PM Kisan yojna, skill India, make in India and clean India etc.

    Sep 4, 2019
  • Banking Merger in India: Meaning and Benefits

    In the month of August 30, 2019, Finance Minister of India MS. Nirmala Sitharaman declared to merge 10 Public Sector Banks into 4 big banks. After this merger now the number of Public Sector Banks reduced to 12 from 27 of 2017.

    Sep 2, 2019
  • G-7 and G-20 Organisations: Functions and Members

    G-7 refers to the group of 7 highly industrialized nations—France, Germany, Italy, the United Kingdom, Japan, the United States and Canada. These countries hold an annual meeting to foster consensus on global issues like economic growth and crisis management, global security, energy, and terrorism.

    Aug 26, 2019
  • Financial Action Task Force (FATF): Meaning and Objectives

    The Financial Action Task Force (FATF) sets standards and promote effective implementation of legal, regulatory and operational measures to combat money laundering,terror financing, human trafficking.

    Aug 23, 2019