Economy

The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The meetings of theMonetary Policy Committee are held at least 4 times a year and it publishes its decisionsafter each such meeting. The committee comprises six members – three … Read more

India’s GDP increased 7.2 per cent in 2017-18 and 7 per cent in 2018-19. India has retained its position as the third largest startup base in the world with over 4,750 technology start-ups.  India’s labour force is expected to touch 160-170 million by 2020, based on rate of population growth, increased labour force participation, and … Read more

Physical Quality of Life Index (P.Q.L.I) was developed by famous economist Morris David in 1979 for 23 developed and developing countries. Morris David used the following three indicators to prepare a composite index known as Physical Quality of Life Index: Life Expectant Rate (L.E.I) Infant Mortality Rate (I.M.I) Basic Literacy Rate (B.L.I) Life Expectant Rate … Read more

GHI considers four parameters to for ranking countries: Undernourishment: share of the population that is undernourished, reflectinginsufficient caloric intake;Child wasting: share of children under the age of five who are wasted (low weightfor-height), reflecting acute under-nutrition;Child stunting: share of children under the age of five who are stunted (low heightfor-, reflecting chronic under-nutrition; andChild mortality: … Read more

The Government proposed to launch amega pension Yojana namely ‘PradhanMantri Shram-Yogi Maandhan’ for theunorganised sector workers with monthlyincome up to Rs 15,000. As per Finance ministry half ofIndia’s GDP comes from the sweatand toil of 42 crore workers in theunorganised sector working asstreet vendors, rickshaw pullers,construction workers, rag pickers,agricultural workers, beedi workers,handloom, leather and in … Read more

Capital Account Convertibility (CAC) is not just the currency convertibility freedom, but morethan that, it involves the freedom to invest in financial assets of other countries.The Committee on Capital Account Convertibility (1997, Chairman SS Tarapore) in its reporthas given a working definition for the CAC which is as following:“CAC refers to the freedom to convert … Read more

Inflation is the general increase in the price level of basket of commodities. In every country there are certain index to map inflation. Following are different types of Inflation: Creeping Inflation: When prices rise at very slow rate, i.e. creeper’s speed, it is called ‘creeping inflation. Generally 3% annual rise in prices is considered as … Read more

To ensuring a fair playing field, the Competition Commission of India endeavours to do the Subscribe on YouTube following: Make the markets work for the benefit and welfare of consumers. Ensure fair and healthy competition in economic activities in the country for faster andinclusive growth and development of economy. Implement competition policies with an aim … Read more

It was proposed by a panel led by PNB chairman Sunil Mehta to address the bad loansproblem in India’s banking sector Public sector banks (PSBs) will need an additional capital of Rs 1.1-1.3 trillion over thenext two years to implement a five-point strategy to tackle bad loans, a committeereport on project ‘Sashakt’ has recommended.  … Read more

The process started instantly after Independence, with the setting up of the Industrial Finance Corporation (IFCI) in 1948 to embark on long term term-financing for industries. State Financial Corporations (SFCs) were formed under an Act that came into effect from August 1952 to endorse state-level, small and medium-sized industries with industrial finance. In January 1955, … Read more