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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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An Open Economy

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An open economy is an economy in which there are economic activities between the domestic community and outside can trade in goods and services with...

Urjit Patel Committee

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Urjit R Patel (born 28 October 1963) is an eminent economist, consultant, and banker, currently serving as Deputy Governor of the Reserve Bank of India....

Major Crops of India

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Agriculture is an old economic activity in our country which produces most of the food that we consume. Two-third of the total population of...

Securities and Exchange Board of India – SEBI

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Securities and Exchange Board of India (SEBI) was initially constituted on April 12, 1988, as a non-statutory body through a resolution of Government for...

Committees on Various Sectors in Economy

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The Government of India has appointed a number of committees, a small group of officials. Here is the list of Committees on Various Sectors...

What is PAN?

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

Union Budget of India 2016-17 – Key Features

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Article 112 of the Constitution of India, that deals with the presentation of the Union Budget of India, has referred it as the “annual...

Economic Survey 2016-17 Volume-2

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Economic Survey generally comes in two volumes. But this year due to the paucity of time and some major ongoing economic developments like demonetization,...

Salient Features of Railway Budget 2016

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Union Minister Suresh Prabhu presented the Railway Budget 2016 his second Rail Budget- in Lok Sabha. The Salient Features of the Railway budget are: In Railway...

NEW LATEST ( BANKING Abbreviation )

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NEW & LATEST ( BANKING Abbreviation ) 1. BSBDA - Basic Savings Bank Deposit Account 2. FCNR(B) - Foreign Currency Non-Resident Bank 3. TARC - Tax Administration...

Information on Nationalised Banks

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Nationalised banks dominate the banking system in India. The history of nationalised banks in India dates back to mid-20th century, when Imperial Bank of...

Things You Need to Know About Mutual Funds

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 Mutual funds are those that pool in money from thousands of small investors for investing in to securities, such as bonds, stocks, short-term debts...
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