The term 'Helicopter Money' was coined by the famous economist Milton Friedman. This means an unconventional monetary policy in which printed money is distributed among the public to recover an economy from the depression.
Prime Minister Narendra Modi on 30 June 2020 (Tuesday), addressed the nation through a televised address. He explained the steps taken by the government in dealing with the COVID-19 impact in India and also announced the extension of the Pradhan Mantri Garib Kalyan Anna Yojana till November end that is for further five months including the festive seasons of Diwali & Chhat Puja.
List of Top Chinese Companies in India:- Xiaomi, Haier, Volvo, Oppo, Vivo, Oneplus, Huawei, and Motorola are some popular Chinese companies are in India. The Chinese investors have invested 40% of its total investment in the Automobile Industry in India.
The Chinese economy is the second-largest economy in the world in terms of nominal GDP. China is the largest foreign exchange reserve holder in the world also. Read this article to know some important facts about the Chinese economy.
OBICUS सर्वेक्षण RBI द्वारा तिमाही आधार पर किया जाता है। OBICUS सर्वेक्षण 'ऑर्डर बुक, इन्वेंट्री और क्षमता उपयोग सर्वेक्षण के लिए है। यह सर्वेक्षण अर्थव्यवस्था के विनिर्माण क्षेत्र के प्रदर्शन से संबंधित है।
India vs China Economic Comparison: The bilateral trade between India and China was around USD 92.68 billion in 2019. The Defence budget of China was US$ 178 billion while the Indian defense budget is US$ 70 billion in 2020.
Non-performing assets (NPAs) of all public and private banks in India till March 2020 stand at Rs 10 lakh crore. These NPAs are also called bad loans. The Indian Banking Association has recommended to the Reserve Bank and the Ministry of Finance to form a 'bad bank' in the country to get rid of 'bad loan' problem.
A sinking fund is a kind of fund in which an amount is deposited at regular intervals that can be used to repay the debt in the future. It is called Debt Remittance Fund. There are only 23 states in India have created a sinking fund. Read this article to know the meaning, objectives, and example of a sinking fund.
Foreign Exchange Reserves: Meaning: Foreign exchange reserve is consists of foreign currency assets, gold, Special Drawing Rights (SDR), and reserve position in the IMF. The total size of the Indian foreign exchange reserve was US$ 487039 million in May 2020.
Mr. KV Kamath may be the new Finance Minister of India. Currently he is President of New Development Bank. He was born on 2 December 1947 at Mangalore, Madras Province, India. Read this article to know the biography of Mr. Kundapur Vaman Kamath.
Minimum Support Price (MSP) of Paddy (Common) is increased to 1,868 per quintal for the 2020-21 season.The Government announces Minimum Support Prices (MSPs) for 22 mandated crops on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
India’s trade with China was $87.07 billion in 2018-19. In this duration, Indian import from China was US$70.32 in 2018-19 while Indian export to China was just US$ 16.75. It means India’s trade deficit with China was $53.57 billion in 2018-19. India sends 8% of its total exports to China whereas China sends only 2% of its total exports to India.
The status report on Government debt for 2018-19 states that the total public debt of the country has increased to 68.6% of GDP by March 2019, which in simple terms has gone up to Rs.13 trillion or Rs. 1.3 crores. Read this article to know the exact amount of debt on the Indian government from 2014 to 2019.
The electronic PAN (Permanent Account Number) card allocation process has been started in India; this is a paperless facility which is being issued by the Income Tax Department. Instant PAN card facility has been started from 28 May, 2020. Let us read further on how to get a free e-PAN card.