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  • How does IMF give loan to its Members?

    The main motive of the International Monetary Fund (IMF) is to provide economic assistance to members’ countries for eliminating the adverse Balance of Payment (BOP). To solve the problem of international liquidity it started the concept of Paper Gold I.E. SDR in 1971. In this article we have explained that how the IMF gives loan to its member countries.

    14 hrs ago
  • 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.

    2 days ago
  • 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
  • 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.

    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
  • List of Maharatna and Navratna Companies in India

    PSUs may be classified as Central Public Sector Enterprises (CPSEs), public sector banks (PSBs) or State Level Public Enterprises (SLPEs). CPSEs are administered by the Ministry of Heavy Industries and Public Enterprises. As on 26 February, 2018, there are 8 Maharatnas and 16 Navratnas in India.

    Mar 5, 2019
  • What are Grey List and Black List of the Financial Action Task Force?

    The FATF is an independent inter-governmental body that develops and promotes policies to protect the Global Financial System against terror funding and Money Laundering activities. FATF has 2 types of lists one is Black list and other is Grey list. Those countries which are not supporting terror funding and money laundering are listed in the Black list while pro terror funding and money laundering nations are included in the grey list.

    Feb 25, 2019
  • What is the Meaning and Objectives of the Financial Action Task Force (FATF)?

    The FATF is an independent inter-governmental body that develops and promotes policies to protect the Global Financial System against Anti-Money Laundering Standards and Counter-Terrorist Financing Measures. In this article we have explained that what are the objectives of the FATF?

    Feb 22, 2019
  • Cess: Meaning and Types in India

    CESS is tax on tax and usually levied for the specific purposes. Once its purpose is solved they are stopped. Unlike the other taxes that have to be shared with other Indian states, the centre keeps the entire amount raised from the Cess. The collection through the CESS is kept in the Consolidated Fund of India. As of now there are 6 types of Cess imposed in India.

    Feb 20, 2019
  • List of Smart Cities in Uttar Pradesh

    The Smart Cities Mission (SCM) is a holistic city programme to build 100 cities in India. It was launched on June 25, 2015 by the Prime Minister Narendra Modi. The objective of the Smart Cities Mission is to promote cities that provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment or to provide better basic facilities to the citizens of the country.

    Feb 15, 2019
  • Smart City Project: Detailed Information at a Glance

    The Smart Cities Mission (SCM) is a holistic city programme to build 100 cities in India. It was launched on June 25, 2015 by the Prime Minister Narendra Modi. The prime objective of this Smart Cities Mission is to promote cities to upgrade infrastructure and provide better basic facilities to the citizens of the country.

    Feb 14, 2019
  • List of Important Schemes launched by the Modi Government

    Democratically elected government is believed to be dedicated to the welfare of the people. Keeping in mind the welfare of all sections of the society the Modi government has created many new schemes. For example; The Atal Pension Scheme, Ujjwala Scheme, Gramodaya, Bharat Uday and Setu Bharti Yojana etc.

    Feb 12, 2019
  • List of Centrally Sponsored Scheme and Expenditure on them?

    The schemes run by the Central Government are divided into 3 categories. These categories are ‘Core of core schemes’, Core schemes and major Central Sector Schemes. There are around 6 schemes in the list of ‘Core of core Schemes’ and 28 schemes in the Core Sectors. Core of Core Schemes are fully funded by the Central government.

    Feb 12, 2019
  • List of Governors of Reserve Bank of India

    Since its establishment in 1935, by the British colonial government, 25 people have worked as the governor of the 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.

    Feb 11, 2019