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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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National Income

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According to National Income committee, “National Income (NI) is the value of goods and services produced in an economy during a given period without...

Stock Exchange – An Organized Market for Purchase and Sale

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Stock Exchange (also called Stock Market or Share Market) is one important constituent of the capital market. It is an organized market for the purchase and...

How Banks Work?

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A bank is a business that accepts and holds money for people. Banks pay interest in return for holding money. Banks make money by...

How Coins are Made?

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Coins are made from metals. In the past, coins are money which were sometimes made from valuable metals such as gold and silver. Today, most...

The Civil Aviation Policy (CAP) 2015

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With an intention to resurrect and reform the aviation sector to make them fit for meeting the challenges and in using the opportunities in...

History of Banking in India

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Bank of Hindustan (1770) was the first bank to be established in India (Alexander and Co.) at Calcutta under European management. Other banks set-up...

Voluntary Service Overseas (VSO)

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Voluntary Service Overseas (VSO)is an international development charity with a vision for a 'world without poverty' and a mission to 'bring people together to fight poverty'. Voluntary...

Nuclear Power in India

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Nuclear power is the fourth-largest source of electricity in India after thermal, hydroelectric and renewable sources of electricity. India's first research nuclear reactor and its...

Basel II and Basel III Framework

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Also read Basel Committee (before reading this) Basel II The Basel II Framework describes a more comprehensive measure and minimum standard for capital adequacy for national supervisory...

Repurchase Agreements (Repo)

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Repo Repurchase Agreements (Repo) is a money market instrument, which enables co-lateralised short term borrowing and lending through sale/purchase operations in debt instruments. Under a repo...

Recommendations of Narasimham Committee on Banking Sector Reform – 1998

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Recommendations of Narasimham Committee on Banking Sector Reform – 1998 For Banking System Pending the emergence of markets in India where market risk can be...

Mahatma Gandhi National Rural Employment Gurantee Act (MGNREGA)

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The objective of MGNREGA is to provide enhanced livelihood security to the households in rural areas by providing at least 100 days of guaranteed...
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