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Category: Economics

  • TYPES OF ECONOMY

    TYPES OF ECONOMY

    Types of Economy: World economies are classified into three types of Economy models based on the responsibility and structure of the production and distribution network: capitalistic, state, and mixed economies.

  • Green Revolution

    Green Revolution can be defined as a process of achieving a great increase in the production of food grains with the application of modern methods and techniques. In other words, it means achieving high productivity or multiple folds of food grains per unit of land.

  • New Umbrella Entity for Payment Systems

    The Reserve Bank of India (RBI) is not in favour of having direct and supervisory control over the New Umbrella Entities (NUE) and instead wants agencies such as the National Payments Corporation of India (NPCI) or a newly formed body to take over the role.

  • Asset Reconstruction Companies (ARCs)

    The RBI has set up a committee headed by Sudarshan Sen to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling them to meet the growing requirements.

  • Asian Development Bank (ADB)

    Asian Development Bank (ADB) was established in the year 1966 headquartered in Manila (Philippines). At present, it has 68 members from the Asia Pacific region. 49 of 68 are from the Asia-Pacific region. The region is home to a large share of the world’s poor: 263 million living on less than $1.90 a day and 1.1 billion on less than $3.20 a day.

  • International Monetary Fund (IMF)

    The International Monetary Fund was established in 1944 at the United Nations Bretton Woods Conference in New Hampshire, United States, in the aftermath of the Great Depression of the 1930s. The 44 founding member countries sought to build a framework for international economic cooperation to avoid the reoccurrence of competitive currency devaluations that contributed to the Great Depression of the 1930s.

  • Government Securities Acquisition Programme (G-SAP)

    In 2021, the RBI has purchased nearly Rs. 3.13 lakh crore worth of bonds from the secondary market. However, all this was done in an ad-hoc manner leading to uncertainty (volatility) in the bond market and a sharp spike in bond yields. To ward off the uncertainty in the bond market, Government Securities Acquisition Programme (G-SAP) was announced by the RBI to give certainty to the bond market about its OMO purchase programme.

  • Methanol Economy and its Benefits in India

    हाइड्रोकार्बन ईंधन जैसे- पेट्रोल और डीजल आदि ने भी ग्रीन हाउस गैस उत्सर्जन (GHG) के साथ पर्यावरण को बुरी तरह से प्रभावित किया है। भारत विश्व का तीसरा सबसे बड़ा कार्बन डाइऑक्साइड उत्सर्जक देश है। दिल्ली जैसे शहरों में लगभग 30% प्रदूषण ऑटोमोबाइल से आता है तथा सड़क पर ऑटोमोबाइल की बढ़ती संख्या प्रदूषण को और भी अधिक खराब कर देगी। वर्तमान स्थिति चिंताजनक है और सरकार के लिए शहरी प्रदूषण को कम करने और प्रदूषण से होने वाली मौतों को पूरी तरह से रोकने के लिए एक व्यापक रोडमैप प्रस्तुत करना अनिवार्य

  • Cess and Surcharge

    Cess and Surcharge

    The share of Cess and Surcharge in the central government’s gross tax revenue has almost doubled in the financial year 2020-21 (19.9%) as compared to the financial year 2011-12 (10.4%); That is, the cess and surcharge have almost doubled the share in gross tax revenue in the last 10 years.

  • Gender Budgeting

    Gender Budgeting

    Gender Budgeting is a practice followed globally and acknowledges the fiscal expenditure with a gender perspective. It aims to allocate and divert funds for gender-specific outcomes to address prevalent gender inequality that hinders growth and development of a nation.

  • What is Inflation Targeting?

    What is Inflation Targeting?

    Inflation Targeting is the central bank’s monetary policy strategy to keep inflation in a target range by adjusting interest rates or inflation targeting instruments.

  • India overcomes economic Recession

    India overcomes economic Recession

    Recently, the National Statistical Office- NSO has said that India overcomes economic Recession, but still the Indian economy has a long way to go before the epidemic to achieve the growth rate.

  • Economic Integration

    Economic Integration

    Specialists in this area define seven stages of economic integration: a preferential trading area, a free trade area, a customs union, a common market, an economic union, an economic and monetary union, and complete economic integration

  • Blue Economy policy

    Blue Economy policy

    The Ministry of Earth Sciences (MoES) has rolled out the Draft Blue Economy policy for India in the public domain inviting suggestions and inputs from various stakeholders including industry, NGOs, academia, and citizens.

  • Reserve Bank of India | भारतीय रिजर्व बैंक

    Reserve Bank of India | भारतीय रिजर्व बैंक

    भारतीय रिज़र्व बैंक (Reserve Bank of India) की स्थापना भारतीय रिजर्व बैंक, 1934 के तहत अप्रैल 1935 में हुई थी। हिल्टन-यंग कमिशन की सिफारिश पर इसकी स्थापना की गयी सेंट्रल बैंक ऑफ इंडिया जो 1949 में राष्ट्रीयकृत की गयी थी। केन्द्रीय कार्यालय की प्रारंभिक शुरुआत कलकत्ता में हुई और बाद में 1937 में मुंबई ले जाया गया।