Economy
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List of Maharatna and Navratna Companies in India
List of Maharatna and Navratna: As of January 2020, India has 10 Maharatna companies, 14 Navratna companies in India, and 73 Miniratna companies divided into Category 1 and Category 2.
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List of all Five Year Plans of India
The first five-year plan in India was launched in 1951 and since then, India has witnessed twelve Five Year Plans. The present government had however discontinued the Five-year plan system and a new mechanism was put into place. Let us have a look at all the Five Year Plans the country has witnessed so far.
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GK Quiz on Economic Survey 2021
The Economic Survey was tabled on January 29, 2021, in the Parliament by Nirmala Sitharaman. Take a look at the questions important from competitive exams point of view and go through each explanation.
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What are Domestic Systematically Important Banks (D-SIBs)?
What are domestic systematically important banks or DSIBs? How are SBI, ICICI, HDFC too big to fail- Know all about it here
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What is K shaped Economic Recovery?
Know what is K shaped economic recovery, what are its implications for India and what are its limitations. Take a look at the article below to understand the economic condition of India after COVID 19.
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What is One District One Product (ODOP) Scheme- Know details, significance, benefits and more
Uttar Pradesh Government has launched One District One Product scheme, ODOP. This scheme would give a boost to the MSME in UP. Know all about the scheme, UP's famous traditional products, financial assistance in the scheme, its significance and more here
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14th Finance Commission: Share of States in the Union Tax Revenue
The 14th Finance Commission of India is constituted under the chairmanship of the former RBI governor Mr. Y.V. Reddy for the period of April 1, 2015, to March 31, 2020. Now the 15th Finance Commission has been set up under the chairmanship of N.K. Singh. He has submitted his annual report for 2020-21.
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20 Important facts about Indian Economy-2020
Mauritius has the highest FDI inflow (31% of the total Indian FDI) in India From April 2000 To December 2019. 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.
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What is the role of Finance Commission in Fiscal Federalism?
The finance commission is constituted by the president of India under the provision of Article 280 of the Indian constitution for five years. The tenure of the 14th finance commission was April 1, 2015 to March 31, 2020. Currently, 15th finance commission is in progress which is headed by the N.K. Singh.
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Per Capita Income of Indian States 2019-20
The per-capita net national income of India rised to Rs 1,35,050/annum in 2019-20. This was 1,26,406 during 2018-19. In terms of NSDP per capita (INR at Current prices), Goa has the highest per capita income Rs 467,998 in FY 2018-19. Delhi is on second place with Rs. 365,529.
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What are the key features of Payments Banks in India?
Currently, there are 6 payment banks operating in India which were initially 11. The guidelines for the establishment of payment banks were issued on 24 November 2014 by the Reserve Bank of India. Payment banks will be allowed to open a savings account and current account but they can't issue a credit card.
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Banking Merger in India: Meaning and Benefits
Banks Merger in India: The Finance Minister Sitharaman had announced the merger of 10 Public Sector Banks into four on August 30, 2019. This merger is approved by the union cabinet on 4 March 2020. The merger would be effective from April 1, 2020. Now the number of Public Sector Banks would be reduced to 12 from 27 of 2017.
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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.
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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.
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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.
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What is the Sector-wise contribution of GDP in India?
The services sector is the largest sector in India. The services sector accounts for 53.66% of total India's GVA of Rs. 137.51 lakh crore. The industrial sector is at the second spot and contributing around 31% of the Indian GDP. The agriculture sector is at the third spot and contributing around 16% of the Indian GDP.
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New Economic Policy of 1991: Objectives, Features and Impacts
New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao. This policy opened the door of the India Economy for the global exposure for the first time. In this New Economic Policy P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export. This is also known as the LPG Model of growth.
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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.
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How National Highways are named in India
National Highways Authority of India (NHAI; was set up in 1988) is responsible for development, maintenance and management of Highways in India. India has the second largest road network across the world. The total length of Natioanl Highways in increased from about 91,287 km in 2014 to about 142,126 km in 2019.
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Merit and Non Merit Goods: Meaning, differences and Examples
Merit goods and services are those goods which are promoted by the government. Government wants to promote the consumption of these goods to increase the welfare of the society. On the other hand non merit goods and services are those which are harmful for the society so government want to check the consumption of the non merit goods.
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