1. Home
  3. Economy
  4. Indian Economy
  • Pradhan Mantri Ujjwala Yojana (PMUY): All you need to know

    Pradhan Mantri Ujjwala Yojana (PMUY) is the Scheme initiated by the Ministry of Petroleum & Natural Gas for providing LPG connections to the women belonging to the Below Poverty Line (BPL) families. Let us read in detail about Pradhan Mantri Ujjwala Yojana, its benefits, how to apply for it, etc.

    Mar 27, 2020
  • Pradhan Mantri Garib Kalyan Yojana (PMGKY): All you need to know

    Due to COVID-19, lockdown for 21 days has been announced by the Government of India. On the second day of lockdown to combat the economic impact on the poor and needy, PM Narendra Modi led government on 26 March, 2020 announced ₹1.7 lakh crore Pradhan Mantri Garib Kalyan Yojana (PMGKY). Do you know about PMGKY? Also, let us have a look at the major highlights announced by the FM Nirmala Sitharaman.

    Mar 26, 2020
  • List of all Five Year Plans of India

    The first five-year plan of India was launched in 1951. There are 12 Five year plans have been launched by the Indian Government. The concept of economic planning in India is derived from Russia (then USSR).

    Mar 25, 2020
  • Why is India Constructing Strategic Petroleum Reserves?

    Strategic Petroleum Reserves: India is making strategic petroleum reserves to store crude oil under the ground. India has already underground caves of 5.33 MMT storage in three places. These include; Padur (2.5 MMT), Visakhapatnam (1.33 MMT), and Mangalore (1.5 MMT).

    Mar 20, 2020
  • List of Top 10 Products Exported from India

    As per the Economic Survey 2019-20; Petroleum products are the biggest exporting item from India. It accounts for a 14% share of total Indian export followed by precious stones with 7.87%. Read this article to know the list of all the exporting items from India in 2019-20.

    Mar 14, 2020
  • 20 Important facts about Indian Economy-2020

    The Indian economy is composed of the three major sectors like i.e., Services sector, Industry sector, and Agriculture sector. The contribution of the Services sector in the Indian economy is around 54.30%. The Value of India's Export stood at US$ 356.96 billion in between April-November 2019.

    Mar 13, 2020
  • Index of Industrial Production (IIP): A detailed information

    The Index of Industrial Production (IIP) is an indicator that measures the changes in the volume of production of industrial products during a given period. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

    Mar 13, 2020
  • What are the differences between Wholesale Price Index & Consumer Price Index?

    The difference in CPI and WPI: Wholesale Price Index (WPI) and Consumer Price Index (CPI) are two widely used indexes to calculate the inflation in the country. India uses the WPI index to calculate inflation while most of the countries use CPI for the same.

    Mar 12, 2020
  • Banking Merger in India: Meaning and Benefits

    The recent banking merger in India has reduced the number of Public Sector Banks to 12 from 27 of 2017. 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. 

    Feb 26, 2020
  • What is the cost of printing 200, 500 and 2000 rupees notes in India?

    The Reserve Bank of India (RBI) prints currency notes of all denominations except one rupee note. In its annual report, the Reserve Bank has stated that the cost of printing a note of 200 rupees is Rs.2.93, printing cost of 500 rupee note is Rs. 2.94 and printing of a 2000 rupee note cost Rs.3.54.

    Feb 12, 2020
  • List of Maharatna and Navratna Companies in India

    Currently, there are 10 Maharatna companies, 14 Navratna companies in India and 73 Miniratna companies divided into Category 1 and Category 2. The "Department of Public Enterprises" is the nodal department of all Central Public Sector Enterprises (CPSEs). The CPSEs may be classified as Central Public Sector Enterprises (CPSEs), Public Sector Undertakings (PSUs) or State Level Public Enterprises (SLPEs).

    Feb 11, 2020
  • List of Important Schemes launched by the Modi Government

    The Modi government has started many welfare schemes. Major schemes of the Modi government include; start-up India, Beti Bachao-Beti Padhao, Swachh Bharat Mission, Jan Dhan Yojana, and Skill India. Let us know about the major schemes of the Modi government in this article.

    Feb 8, 2020
  • Important Glossary Related to Budget

    Fiscal deficit, Revenue receipts, revised estimates in budget and revenue budget are some important terms used in the Union budget every year. But many people don't understand the meaning of these tough words. In this article we have explained these budget terminology.

    Jan 31, 2020
  • 6 Amazing Questions on Indian Budget You Never Knew

    The term 'Budget' is not mentioned in the Indin Constitution. It is mentioned as ‘Annual financial statement’ in article 112. The Union budget is an estimate of income and expenditure of the central Government for a definite duration usually one year.  

    Jan 31, 2020
  • Union Budget of India: Definition and Types

    Union Budget: Meaning and Types: A Union budget is an estimation of revenue and expenditure of the Central government over a specified period of time and is usually one year.

    Jan 31, 2020