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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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Rural Development in India

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Poverty reduction has been one of the major goals of development planning since independence and the planning process has been sensitive to the needs of...

Economics: The Basics

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Economics When wants exceed the resources available to satisfy them, there is scarcity. Faced with scarcity, people must make choices. Economics is the study of...

RBI tightened the Capital Adequacy Norms for all Non-banking Financial Companies (NBFCs)

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The Reserve Bank on 26 December 2011 tightened the prudential norms for the non-banking financial companies Non-banking Financial Companies under which the NBFCs will...

Government Promoting Energy Efficiency

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The following are the main components of the Energy efficiency Mission. These programs have resulted in avoided generation capacity of over 7,500 MW during the...

Capital Account Convertibility (CAC)

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A currency is said to be convertible when it can be freely exchanged for other currency at market rates. Current account transactions are those...

Investment Options for Tax Exemption

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Investment options for tax benefit: SECTION 80C This is the most popular exemption as you can claim up to Rs. 1 lakh in deductions. The investment...

Service Sector and The Lions Share

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Hello, everyone i am joining as a new article writer, wish you all a very very HAPPY NEW YEAR and I'd like to thank...

National Bank for Agriculture and Rural Development (NABARD)

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National Bank for Agriculture and Rural Development is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion...

South Asian Association for Regional Cooperation (SAARC)

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India, Maldives, Pakistan, Bangladesh, Sri Lanka, Bhutan, Nepal, and Afghanistan constituted an organisation known as South Asian Association for Regional Cooperation, on the recommendation...

G-8 (Formerly G-7)

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G-7 was an organisation of seven non-socialist countries which were highly industrialised in the world G-7. included USA, Canada, Germany, Britain, France, Italy and Japan. After...

Nobel Prize Winners in Economics

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Introduced in 1967 but first prize was given in 1969. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been...

Accounting Profit Vrs Economic Profit

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Meaning of Profit- Profit means different things to different people. "The word profit has the different meaning to businessmen, accountants, tax collectors, workers, and economists...
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