3 days agoThe 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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Mar 12, 2020The 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.
Feb 17, 2020The Financial Action Task Force (FATF) prohibits the cases of terror financing, money laundering and human trafficking throughout the world.
Feb 12, 2020The 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.
Jan 31, 2020Union 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 24, 2020There are many global ranking is done by different institutions at the world level. Some famous indices include Ease of doing business ranking, HDI ranking, competitive index. These institutions provide a way forward to the policymakers of different countries for appropriate schemes.
Jan 3, 2020The 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.
Dec 24, 2019India and China are the two Asian giants in terms of Population, size of GDP, and defence capabilities. In this article, we have compared these two countries on 13 parameters.
Dec 10, 2019Payments Banks are working as per the Banking Regulation Act, 1949. The main objective of setting up of payments banks is to ensure the financial inclusion by providing payments/remittance services to migrant labour workforce, low income households and workers of the un-organised sector.
Oct 9, 2019The Micro Small and Medium Enterprises (MSMEs) are classified as per the MSME Act-2006. Micro, Small and Medium Enterprises (MSMEs) are classified in two categories: Manufacturing Enterprises and Service Enterprises. Now MSMEs are defined as per the “annual turnover" instead of investment in Plant & Machinery.
Oct 4, 2019Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934. The first meeting of the MPC was held on October 3 and 4, 2016. This committee decides various policy rates like Repo rate, Reverse repo rate, MSF and Liquidity Adjustment Facility etc. On 4th October, 2019 the RBI Monetary Policy committee has cut the repo rate by 25 bps to 5.15%. Now the repo rate stands at 5.15%, the lowest since March 2010.
Sep 23, 2019The term 'Sensex' was given by stock market analyst Deepak Mohoni and it is made from combination of two words Sensitive and Index. The Sensex measures the stock prices of 30 listed companies of the Bombay Stock Exchange. The main reason behind fluctuation in the Sensex is the up and down in the share price of top 30 companies.
Aug 22, 2019The Enforcement Directorate (ED) was established in 1956. ED is responsible for enforcement of the Foreign Exchange Management Act, 1999 (FEMA) and certain provisions under the Prevention of Money Laundering Act (PMLA), 2002. Its Headquarters is situated at New Delhi.
Aug 22, 2019Money 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.
Aug 1, 2019The 7th Pay Commission was constituted by the Manmohan Singh government under the chairmanship of Justice A.K. Singh Mathur on 25 September 2013.The recommendations of the 7th Pay Commission were implemented since January 1, 2016. These recommendations will cost around Rs 1 lac cr to the exchequer.
Jul 22, 2019It is being observed that some LIC policy holders are getting calls from the fraudster. These fraudsters are calling LIC policy holders to link their Aadhaar number with the policies by sending SMS on a particular number. LIC has clarified that LIC officials never call policyholders or never encourage its policy holders to discontinue their existing policy/policies to get extra benefits.
Jul 5, 2019In Economic Survey 2019 some key themes are seen shifting like Change from ‘Beti Bachao Beti Padhao’ to ‘BADLAV’, ‘Swachh Bharat’ to ‘Sundar Bharat’. A day before the Union Budget, an economic survey is presented. Basically it is an outlook of developments in the economy. It consists of the most authoritative and updated source of data on India's economy. A lot more to read about Economic Survey, its importance and what is expected this year from economic survey?
Jun 20, 2019Ayushman Bharat Yojana become world's largest free healthcare shceme. Ayushman Bharat Yojana provides free treatment upto Rs 5 lacs per year to approx.50 cr poor people of the country. Ayushman Bharat Yojana was launched in Ranchi district of the Jharkhand on 23 September, 2018. This article explains the step by step process of registration under the Ayushman Bharat Yojana.
Jun 20, 2019Ayushman Bharat Yojana or PMJAY provides free treatment upto Rs 5 lacs per year to approx.50 cr poor people of the country. Ayushman Bharat Yojana was launched in Ranchi (Jharkhand) on 23 September, 2018 by the Prime Minister Narendra Modi.
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