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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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Transportation in India: India transport sector

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India’s Transport Sector, as it caters to the need of nearly 1.1 billion people, is large and diverse. A smooth and co-ordinated system of...

Development of Indian Banking

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The Indian banking system is significantly different from those prevalent in other countries due to its unique geographic, social and economic characteristics. India has...

Budget Highlights 2019-20

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Vision for $5 trillion economy driven by Investment Transforming rural lives New Jal Shakti Mantralaya to ensure Har Ghar Jal Enhancing ease of direct...

Early Entrepreneurs of India

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The first cotton mill in Bombay came up in 1854 and it went into production two years later. By 1862, four mills were...

What is Permanent Account Number (PAN)?

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Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any...

Method of Measuring National Income

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The total aggregate income of the people of a country earned during an accounting year has been defined as National Income. It is also...

National Food Security Bill

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The National Food Security Bill, 2013 is an Act of the Parliament of India which aims to provide subsidized food grains to approximately two-thirds...

How does Monetary Policy in India effects economy

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Monetary Policy is the process by which the monetary authority of a country controls the supply of money often targeting an inflation rate or interest...

Explain FEMA

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The Foreign Exchange Management Act, 1999 (FEMA) is an act of the Parliament of India" to consolidate and amend the law relating to foreign...

Discuss the PROs AND CONS of Capital Account Convertibility

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Capital account convertibility Capital account convertibility (CAC) or a floating exchange rate means the freedom to convert local financial assets into foreign financial assets and...

Private Sector

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The public sector refers to the part of the economy concerned with providing various government services. The composition of the public sector varies by...

Five Year Plans of India

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The Indian economy has been premised on the concept of planning. This has been carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission. With the Prime...
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