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An Unemployment or Joblessness

Unemployment or joblessness occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment...
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Disinvestment

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14th Finance Commission

The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the...
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Elements of Economics

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The Goods and Services Tax (GST)

Goods and Services Tax (GST), a value added tax, is collected at all points in the supply chain. In this particular tax, credit is...

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RuPay

RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI). It was created to fulfill the Reserve Bank of India’s desire to have...

Privatization

Privatization is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (a government) to...

Bullet trains: Yay or Nay?

What are bullet trains? Bullet trains are basically high speed rail trains that go over speeds of about 250-300 kilometres per hour. It is named...

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Indian Industry: Rules, Policies and Types

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The term Industry indicates to an economic activity that is concerned with the processing of raw materials and manufacture of goods in factories. Indian Industry...

NPA – Non Performing Assets

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NPA i.e. Non-Performing Assets are the term loans given by banks on which either interest and/or principal have remained 'overdue' or have not been...

Capitalism

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Capitalism is an economic system in which trade, industry, and the means of production are largely or entirely privately owned and operated for profit. Central characteristics of capitalism include capital accumulation, competitive markets, and wage...

Socialism

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Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement...

Industries Contributing to Indian Economy

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The Indian Economy is the 9th largest economy of the world and also one of the fastest growing world economies. The most top industries...

Industries of India

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Iron and steel industry First steel industry at Kulti, Near Jharia, West Bengal - Bengal iron works company in 1870 First, large-scale steel plant...

Demonetisation – The Currency Purge

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The nation’s future and hope depends upon the government in power and the people and not the nation itself for a hope of better...

BSBDA-Basic Savings Bank Deposit Account – Important Points

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The Basic Savings Bank Deposit Account allows you to bank with a zero minimum balance requirement. All the existing ‘No-frills’ accounts opened by the...

Pradhan Mantri Jan Dhan Yojna

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Pradhan Mantri Jan Dhan Yojana is an ambitious scheme for comprehensive financial inclusion launched by the Prime Minister of India, Narendra Modi on 28...

Aam Aadmi Bima Yojna – Important Points

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Ministry of Finance, Government of India has approved the merger of Social Security Schemes viz., Aam Aadmi Bima Yojna (AABY) and Janashree Bima Yojana...

India’s Five Year Plan at a Glance

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The Five Year Plans The development five year plans are drawn by the Planning Commission to establish India’s economy on a socialistic pattern in successive...

Poverty Types and Indicators

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Poverty types can be of different like absolute poverty and relative poverty. There may be many other classifications like urban poverty, rural poverty, primary poverty,...
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