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  • 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
  • What are Grey List and Black List of the Financial Action Task Force?

    The The Financial Action Task Force (FATF) is an independent inter-governmental body that 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 listed in the grey list and vice versa.

    Oct 5, 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 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
  • What are the new relaxed norms of SEBI for Foreign Portfolio Investors (FPIs)?

    On 21 August, 2019; SEBI introduced an ‘informant mechanism’ to gather solid evidence and crack down on insider-trading and clarified on the debt-to-equity ratio that companies need to maintain to be eligible for buybacks.

    Aug 22, 2019
  • What are the new relaxed norms of SEBI for Foreign Portfolio Investors (FPIs)?

    On 21 August, 2019; SEBI introduced an ‘informant mechanism’ to gather solid evidence and crack down on insider-trading and clarified on the debt-to-equity ratio that companies need to maintain to be eligible for buybacks.

    Aug 22, 2019
  • What is FIPB and why is it replaced by the Foreign Investment Facilitation Portal (FIFP)

    The Foreign Investment Promotion Board (FIPB) is being replaced by the Foreign Investment Facilitation Portal (FIFP) to speed up the FDI inflow and to increase the transparency in the FDI approvals in the country. FIFP replaced FIPB in May, 2017.

    Aug 22, 2019
  • What is Money Laundering and how is it done?

    Money Laundering refers to converting illegal earned money into legitimate money. The government does not get any tax on the money because there is no accounting of the black money.So Money Laundering is a way to hide the illegally acquired money.

    Aug 22, 2019