Economy

Interesting facts about Income Inequality in India in 2018

In this article we are publishing 15 interesting facts from the Oxfam India Report 2018. This report says that the income disparity is increasing in India very rapidly. On the one hand we had 101 billionaires out of 2,043 dollar billionaires worldwide but on the other hand we had world’s second highest number of people living in extreme poverty, which is defined as living on less than $1.90 a day.

New Drone Policy of India- 2018

The Directorate General of Civil Aviation had announced draft regulations on civil use of Remotely Piloted Aircraft Systems, commonly known as "Drones" on August27, 2018. This New Drone Policy allows personal, recreational and commercial use of drones from December this year. This policy will allow the drones to fly only within the "line of sight" of the person flying it. The drones have been classified in five categories on the basis of their maximum take-off weight. The Nano drone will be of less than or equal to 250 gms.

Why Rupee is falling against Dollar currently?

At the time of India's independence, the value of one dollar was equal to one rupee but in the June 2018, the value of Indian rupee against the US dollar has reached its lowest level at Rs.72.51 per dollar. In this article, we explained the reasons behind the depreciation of Indian Rupee in the current months.

List of main Research Institutes in Uttar Pradesh

Though Uttar Pradesh is not considered as a big industrial state but there are many specialized research institutes in this state. Such as; Central Potato Research Institute, Meerut; Agricultural Research Institute, lucknow; Central Drug Research Institute, lucknow and 'Central Pharmaceutical Research Institute, Agra etc. In various competitive examinations of Uttar Pradesh, it is asked to the aspirants that so and so research institute is located in which of the following district of the state.

What is the significance of the images on the reverse side of Indian Currencies?

There will hardly be a country in the world that does not have its own currency. Almost every country puts image of important person/monuments on its currency notes. India is also not behind in this practice. Indian currency note have images of Mahatma Gandhi, the Red Fort, the Sanchi Stupa, farmers, tiger and elephants etc.

Agricultural Development in Uttar Pradesh: Important facts for Exams

Agriculture is called the backbone of economy of Uttar Pradesh. Uttar Pradesh is the top producer of food grain in Uttar Pradesh. Agriculture provides around 59% employment to the residents of the state. This article is publishing some important facts about the role of agriculture in the development of the state. I hope that these facts will be very crucial for the upcoming exams to be held in the state.

List of Main Small and Cottage Industries Centres in Uttar Pradesh

It is often seen that a particular kind of industry flourishes in a particular area or place. The reason for this may be the availability of resources and manpower in those areas. Almost every district of Uttar Pradesh has achieved proficiency in making a particular product. For example, Aligarh is famous for locks, Firozabad is famous for bangles and sports equipment is made in Meerut and Agra.

Kisan Credit Card Scheme: Eligibility, Objectives and Features

The Kisan Credit Card (KCC) scheme was introduced in 1998 to provide institutional credit to small farmers, marginal farmers and Self Help Groups.

List of Industries left for Licensing in India

Since the inception of the New Economic Policy in 1991; India opened most of the sectors for the private players and industrial licensing has been abolished for almost all the industries except five. This article is publishing the name of the industries where licensing system still continues.

What are the main Security Features of the Currency Notes of India?

An estimation done by the RBI says that the number of the counterfeit notes in the FY 2017 has increased by 20% and the number reached up to 7.62 lac. The maximum numbers of fake notes were in the denomination of 500 and 2000 rupees. To aware the general public we are publishing some security features of the currency notes so that, fake notes can be detected by the general public.

Coinage Act 2011: What you can’t do with Coins in India

RBI prints the currency notes as per the provisions of the Reserve Bank of India Act, 1934 while the coins in India are minted as per The Coinage Act, 2011. In this article the reader will understand that which rules exist in India regarding the tendering of coins in the country. Interesting to know that the Coinage Act, 2011 is applicable in the whole India including the J & K.

Which are the biggest Banking Scams of India?

The banking system of any country comprises of the small savings of the people. When a large number of people deposit the money it becomes the huge amount in the hands of the banks. Commercial Banks lends this money to individuals, traders and institutions and earns profits in the form of interest. But when the lenders do not returns this amount to the banks it becomes the threat to the banks.

Do You know Indians were richer than Americans during Akbar’s Regime

Around the year 1600 AD, India was ruled by the Akbar and in the same year the British had established East India Company in India. According to a report from the University of Groningen, Netherlands, when Indians was ruled by Akbar, India's Per Capita GDP was more than France, Germany, America and Japan.

Which Countries are the largest borrowers from the World Bank in 2017?

As per the recent data of the World Bank, China is the largest recipient of the loan from the World Bank Group. China took loan of 2420 million dollar followed by the India with 1776 million dollar and Indonesia is on the third position by borrowing 1692 mn dollar in the FY 2017. As per the definition of the World Bank, India is no longer eligible to receive the loan under the IDA arm because it is no more considered as the poor country.

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.

Why “I Promise to pay the bearer sum of 100 Rupees” is written on the Indian Currency?

The Reserve Bank of India (RBI) has the responsibility of printing currency notes in India. RBI prints the notes of all denomination except 1 rupee note because it is printed by the Ministry of Finance. Except one rupee note every currency note of India has the declaration of the RBI governor; “I Promise to pay the bearer sum of 100 Rupees”. Its simple meaning is; if somebody held a note of 100 rupee then it is the liability of the RBI to pay the bearer goods/gold of 100 rupee at any cost.

What is the Eurozone and what are the conditions for joining it?

The union of 28 member countries located in Europe is called the European Union (EU). Out of the 28 members of the EU only 19 have accepted the euro (€) as their authorised currency. These countries are collectively known as the Euro zone. The Euro is used as a common currency for all the transactions in the Eurozone without any discrimination. These transactions are related to online/offline shopping, flight ticket booking, purchase of grocery etc.

How many Countries’s currency will change after the death of this person?

British Queen Elizabeth II has been holding the post since February 6, 1952. As of now the British currency pound has the picture of Queen Elizabeth. Apart from the Britain there are 10 other countries also use the British pound as their currency. As per the British rule, after the death of queen the picture of queen will be removed from the currency. This article is publishing the name of those countries whose currency will change after the death of the queen.

Name of World Bank funded Projects in India

The World Bank provides loans to its member countries at cheapest rates through International Development Association (IDA). In 2017, India took loan of 1776 million dollars from the World Bank. At present, the World Bank is giving financial assistance to more than 783 projects in India. In this article you will read the name of the World Bank funded projects of India.

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.