Economy

India’s growth period has not been able to create job opportunities and hence sometimes it is termed as jobless growth.  According to a report of CII, 12 million are entering into work force annually. This figure reaches to 18-19 million if we count the people leaving the already saturated agriculture sector. But catch lies in … Read more

There are 3 methods to calculate the National income.These methods are given by Simon Kuznets. PM (Product Method) or Product service method. IM (Income Method) CM (Consumption Method) or expenditure method. In India the combination of Product method and Income methods is used for calculating the National Income.   PRODUCT METHOD: NI = GDP  – income earned in … Read more

The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The meetings of theMonetary Policy Committee are held at least 4 times a year and it publishes its decisionsafter each such meeting. The committee comprises six members – three … Read more

Reasons for YES Bank crisis: Rising exposure to NPA The loan repayment capacity of the borrower is limited or very low.( IL&F S etc.) Governance issue – Yes bank was not functioning properly. Abysmal performance with lack of corporate governance Bank failed to implement Prompt corrective action Supervision and regulatory failure Steps taken: Moratorium on … Read more

Out of pocket expenditure on health is one of the reason for perpetual poverty. The major chunk goes in buying medicine. Hence to deal with this issue PMB jan aushadhi yojana was launched to ensure the availability of quality medicine at affordable price for all, particularly the poor and disadvantaged.  The salient features of the … Read more

GIFT stands for Gujarat International Finance Tec-City (GIFT). GIFT City is an emerging global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external … Read more

The Monetary Policy Committee (MPC) constituted by the Central Government under Section 45ZB determines the policy interest rate required to achieve the inflation target. The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016,  to provide for a statutory and institutionalised framework for a Monetary Policy Committee, for … Read more

NABH NIRMAN: The government is augmenting the airport capacity of various airports as part of NABH (NextGen Airports for BHarat) Nirman initiative.The government in February announced a new initiative — NABH Nirman— under which it proposes to expand airport capacity in the country by more than five times to handle a billion trips a year.The … Read more

National gas grid intends to create network of pipeline infrastructure to connect gas sources to major demand centres, develop city gas distribution network and remove regional imbalance in access to natural gas. The objective is to create interconnected network of pipelines to make supply of natural gas to domestic, industrial or commercial premises and CNG … Read more

It is restructured name of multi sectoral development Programme. It is under Ministry of Minority affairs. The restructured programme would provide better socio economic infrastructure facilities to the minority communities particularly in the field of education, health & skill development as compared to the present situation, which would further lead to lessening of the gap … Read more