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Indian Economy

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Why Rupee is falling against Dollar currently?

Sep 10, 2018
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.

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

Sep 3, 2018
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

Aug 9, 2018
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.

Kisan Credit Card Scheme: Eligibility, Objectives and Features

Jul 26, 2018
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

Jul 25, 2018
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 is the difference between Metro and Local Train?

Jul 23, 2018
A metro is a train that is specifically designed to run in metropolitan cities while local train are designed to connect the distances within the city and its suburbs areas. In this article you will come to know some crucial differences between the local train and metro train.

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

Jul 16, 2018
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

Jul 11, 2018
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?

Jul 10, 2018
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

Jul 9, 2018
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?

Jun 28, 2018
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

Jun 27, 2018
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?

Jun 26, 2018
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.

Name of World Bank funded Projects in India

Jun 22, 2018
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

Jun 20, 2018
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.

List of all Five Year Plans of India

Jun 20, 2018
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.

Know complete procedure to get loan under the Mudra Yojana

Jun 20, 2018
Narendra Modi ji started the Prime Minister Mudra Yojna (PMMY) on April 8, 2015. The prime motive of this scheme is to promote self-employment opportunities and manufacturing activities in the country. Under the Mudra Yojna a huge loan of Rs.2.46 lakh crore disbursed to 480 million people in the financial year 2017-18. In this article you will read how to get loan from the Mudra Yojna.

List of Secretaries-General of SAARC

Jun 12, 2018
The South Asian Association for Regional Cooperation (SAARC) was established in Dhaka on 8 December 1985.Originally there were seven members in the SAARC. But on the 13th SAARC Summit held in Dhaka in November 2005, finalised the membership of Afghanistan in the SAARC. Currently there are 8 members in the SAARC organisation i.e. Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka.

How much Tax you pay on Diesel & Petrol in India?

Jun 11, 2018
On the basis of current crude oil prices in the international market, crude oil costs around Rs. 31 per litre in India but due to the excise duty imposed by the Central Government and the VAT imposed by the state government; the final cost of the diesel and petrol becomes 67.54 and 76.24 per litre respectively. Currently, a consumer in Delhi is paying around Rs.35.69 per litre as tax on petrol and 25.24 rupees per litre on diesel.

List of Members of European Union

Jun 7, 2018
The European Union (EU) is a political and economic union of 28 member countries that are located in Europe. The six European countries known as “inner six” constituted EEC on the basis of Rome treaty in 1957. The main goal of the European Union is to promote sustainable development based on balanced economic growth and price stability in the region.
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