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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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Foreign trade

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Foreign trade in India includes all imports and exports to and from India. At the level of Central Government, it is administered by the Ministry of...

The Drain Theory

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The drain theory, as formulated by the nationalists, referred to the process by which, a significant part of India’s national wealth, was being exported...

Reserve Bank of India – Important Facts

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Established on April 1, 1935, in accordance with the provision of the Reserve Bank India Act, 1934. Its central office remained at Mumbai since inception. Though...

Population and Economic Growth: A reciprocal Relationship

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The twin relationship between population and economic growth has always been a subject of great interest to economists, as population is a resource that...

IMF Vs World Bank – How IMF and World Bank are different?

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Difference between the International Monetary Fund and World Bank - IMF vs World Bank People sometime confuse the World Bank with the Internation Monetary fund...

Capitalism

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Capitalism is a type of economic system where business is privately owned and run by the people, rather than by the government. This is...

World Currencies

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All around the world different countries use different types of money. Many countries have their own money. This money is backed by the government...

Financial inclusion

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Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where...

Rural and Urban Unemployment in India

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Who is unemployed? An individual, who is ready and willing to work at the prevailing rate of wages but does not find the work, is...

Poverty : Concept and its Variants

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The phrase Economic Growth is meaningless if a large segment of the society suffers bereavement. Growth is changed into development only when poverty is...

Adverse Sex Ratio: Cause and its Implications

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In India, during 2001-2011, the State-wise Child Sex Ratio (CSR), has fallen further except in Himachal Pradesh, Punjab, Haryana, Mizoram, Gujarat and Tamil Nadu....

Government budget

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A government budget is a government document presenting the government's proposed revenues and spending for a financial year. The government budget balance, also alternatively referred to as general government balance, public...
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