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  • 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.

    1 day ago
  • 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.

    3 days ago
  • 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
  • What is Money Laundering and how is it done?

    Money Laundering refers to converting illegal earned money into legitimate money. So Money Laundering is a way to hide the illegally acquired money. The government does not get any tax on the money earned through money laundering, because the government does not have any accounting for this money.

    Feb 8, 2019
  • What is Chit Fund and how does it work?

    Chit fund is defined as per the Section 2(b) of the Chit Fund Act, 1982. According to this act; A chit fund is a type of rotating savings and agreement among different persons i.e. friends, relatives, neighbours and family members to subscribe a certain sum of money for a specified period of time. Chit funds are often microfinance organizations. Chit Funds are also known as the Chitty, Kuree, chit.

    Feb 7, 2019
  • 6 Amazing Questions on Indian Budget You Never Knew

    The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution. The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26, 1947. Former Prime Minister Manmohan Singh and former finance minister Yashwant Sinha are the only two leaders who presented the Union Budget of India 5 times consecutively.

    Jan 31, 2019
  • Union Budget of India: Definition and different types

    ‘Budget’ is a systematic list of items of revenue and expenditure of the government of a defined duration or we can say it’s a plan for the income and expenditure of the government for the present, past and future financial years.

    Jan 31, 2019
  • What is Cow Cess and which Indian States impose it?

    Some states in the country have decided to levy 'Cow Cess' in order to arrange the fund for care of the stray animals. The tax rate varies from state to state and ranges from 2% to 20%. This tax is mainly levied on luxury goods and services so that it does not affect the poor people. In this article we are publishing the information on the cow cess.

    Jan 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.

    Jan 2, 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.

    Dec 28, 2018
  • Why is US Dollar considered as most strong Currency of the World?

    In today’s world around 80% world trade take place in dollars. About 39% of the world's loans are given in US dollars and 65% dollar supply is used outside of the United States. It is surprising to see that most trading countries of the world accept payment in dollar. That's why foreign banks and countries demand dollar for international trade. Let us know through this article that why dollar is known as the strongest currency in the world?

    Dec 20, 2018
  • How can you verify your fake GST bill

    The Indian government has decided to implement the Goods and Services Tax (GST) in the entire country from July 1, 2017. So all the restaurants which have registered themselves with the government of India and do not have air conditioner (AC) will have to pay GST at the rate of 12% and those restaurants which have air conditioner in their premises will have to pay GST at the rate of 18%.

    Dec 14, 2018
  • Why is India Constructing Strategic Petroleum Reserves?

    To ensure energy security for the country, India is making strategic petroleum reserves to store crude oil under the ground. These rocky caves are man-made. India has already underground caves of 5.33 MMT storage in three places. These include Visakhapatnam (1.33 MMT), Mangalore (1.5 MMT) and Padur (2.5 MMT).

    Dec 5, 2018
  • 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.

    Oct 22, 2018
  • 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.

    Sep 10, 2018