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  • Minimum Reserve System (MRS): Meaning and Objectives

    To maintain the adequate supply of money in the economy the RBI prints the money as per the Minimum Reserve System. Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs 200 crore comprising of gold coin and gold bullion and foreign currencies. Out of the total Rs 200 crores, Rs 115 crore should be in the form of gold coins or gold bullion and rest in the form of foreign currencies.

    Aug 13, 2019
  • India-Pakistan Trade dispute: Who is in Loss and Profit?

    According to a report, in the financial year 2018-2019 the total exports from India to Pakistan was about $ 2.17 billion, which is just .83% of India's total exports. Pakistan currently exports; fruits ($112.8 million per year), cement ($78.3 million), chemicals ($60.4 million), fertilisers ($34.9 million), and leather and allied products to India while India exports; tomatoes, tea, sugar, petroleum products, cotton yarn, tyres, rubber, dye and petroleum oils etc to Pakistan.

    Aug 9, 2019
  • What is 7th Pay Commission of India?

    The 7th Pay Commission was constituted by the Manmohan Singh government under the chairmanship of Justice A.K. Singh Mathur on 25 September 2013.The recommendations of the 7th Pay Commission were implemented since January 1, 2016. these recommendations will cost around Rs 1 lac cr to the exchequer.

    Aug 1, 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.

    Aug 1, 2019
  • List of Finance Ministers of India

    The first Finance Minister of independent India was R. K. Shanmukham Chetty, who also presented its first Budget. Indira Gandhi was the first female Finance Minister of India but she hold the post only for one from 1970 to 1971.

    Jul 5, 2019
  • All about Goods and Services Tax (GST)

    Goods and Services Tax (GST) is a federal tax. GST is an indirect tax, imposed on the sale of goods and services. It is implemented throughout the country since July 1, 2017. There will be no distinction between goods and services for the purpose of taxation. GST will be a destination-based tax. This implies that all State GST collected will ordinarily accrue to the State where the consumer of the goods or services sold resides.

    Jul 5, 2019
  • 6 Amazing Questions on Indian Budget You Never Knew

    The Union budget is an estimate of income and expenditure for a definite duration. The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution.

    Jul 3, 2019
  • Union Budget of India: Definition and Types

    A Union budget is an estimation of revenue and expenditure of the Central government over a specified period of time and is usually compile present, past and future financial years.

    Jul 3, 2019
  • 500+ Important GK Questions & Answers on Indian Economy

    Here, we are giving a complete set of Indian Economy Questions & Answers in the form of Practice Sets that consists of 500+MCQs. “Indian Economy” is one of the important parts of Exams like IAS, State PSC, SSC and other similar competitive exams.

    Jul 2, 2019
  • PPF, National Savings Certificate, Kisan Vikas Patra: Meaning and current rate of interest

    Provident Fund, National Savings Certificate and Kisan Vikas Patra are some products launched by the different offices of the government of India. These products are launched to increase the habit of saving in the general public. Recently central government has reduced the rate of interest on the Public Provident Fund, National Savings Certificate, Kisan Vikas Patra and other saving schemes by 10 percent. In this article we have mentioned the new rate of interest on these products.

    Jul 1, 2019
  • G-20 Summits: List of Summits and Members

    The annual meeting of the G-20 Leaders is known as the G-20 summit. The G20 Summit is formally known as the “Summit on Financial Markets and the World Economy”. There are 20 members of the G-20 including India. Currently Osaka city of Japan is hosting the 14th G-20 summit.

    Jun 27, 2019
  • List of Governors of Reserve Bank of India

    The first Governor of the Reserve Bank of India was British banker Osborn Smith, while C.D. Deshmukh was the first Indian Governor of Reserve Bank of India. At present, the Governor of Reserve Bank of India is Shashikant Das, who took charge on 12 Dec. 2018.

    Jun 24, 2019
  • Deputy Governors of Reserve Bank of India Till 2019: Complete List

    The Governor of Reserve Bank of India is the Chief Executive Officer of the Central Bank of India and the Ex-officio Chairman of its Central Board of Directors. At present there are 4 deputy governors of the RBI. On 24th June Dr. Viral V. Acharya has resigned (unofficial) from his post. There are 61 people have served as the deputy governor of the RBI since its establishment.

    Jun 24, 2019
  • How to apply for Ayushman Bharat Yojana?

    Ayushman Bharat Yojana become world's largest free healthcare shceme. Ayushman Bharat Yojana provides free treatment upto Rs 5 lacs per year to approx.50 cr poor people of the country. Ayushman Bharat Yojana was launched in Ranchi district of the Jharkhand on 23 September, 2018. This article explains the step by step process of registration under the Ayushman Bharat Yojana.

    Jun 20, 2019
  • What is Ayushman Bharat Yojna?

    Ayushman Bharat Yojana or PMJAY provides free treatment upto Rs 5 lacs per year to approx.50 cr poor people of the country. Ayushman Bharat Yojana was launched in Ranchi (Jharkhand) on 23 September, 2018 by the Prime Minister Narendra Modi.

    Jun 20, 2019