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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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Dholakia Committee

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A committee was set up in January to suggest measures to lower the high costs of Air India’s operations and improve utilization of resources...

Challenges in Agriculture

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Agriculture in India Agriculture has played a dominant role in the Indian economy. It provides employment to about 65% of the working population. The share of...

Balance of Payments

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The balance of payments is an accounting statement that records transactions (trade in goods, services, and financial assets) between a country’s residents and the...

All About Niryat Bandhu Scheme

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‘Niryat Bandhu’ scheme was first introduced in October 2011, by the Director General of Foreign Trade (DGFT), for international business mentoring first generation entrepreneurs...

Current account Convertibility Vs Capital account convertibility

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Capital Account Convertibility means that rupee can now be freely convertible into any foreign currencies for the acquisition of assets like shares, properties, and assets...

Infrastructure and Development

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The term infrastructure and development points to core elements of economic and social change. These kernel elements serve as a support system to all production...

The National Development Council (NDC)

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The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on development matters in India presided...

Fiscal Policy

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Fiscal policy involves the government changing the levels of taxation and government spending in order to influence Aggregate Demand (AD) and the level of...

Balance of Trade

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The balance of trade is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is...

Both Rail Budget and Union Budget Go Green

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For the first time in the history of Budgeting in India the Union and the Railway Budgets have extremely obvious about “ budget go green ”...

Nationalised Banks in India

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The history of nationalised Banks in India dates back to the year 1955 when the Imperial Bank of India was nationalized and re-christened as State...

Terminologies Used in Banking and Finance Sector

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Let's have a quick look on some of the terminologies used in banking and finance sector.  Accrued interest: Interest due from issue date or...
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