Banking and Finance

The government of India and the 4 financial sector regulators (the Reserve Bank of India (RBI), the Securities Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority of India (IRDAI), and the Pension Fund Regulatory Authority of India) have all prioritised improving financial inclusion in the country (PFRDA). Financial literacy promotes financial inclusion […]

Liberalised MSME AEO package The Indian Approved Monetary Administrator (‘AEO’) Program was created by the World Traditions Association and later presented in India by the Focal Leading body of Roundabout Expenses and Customs (‘CBIC’) in 2011. The Indian AEO Program is a willful program managed by the CBIC. The AEO Program looks to give benefits

Life Insurance Corporation LIC stands for Life Insurance Corporation of India. The Life Insurance Corporation of India (LIC) is a government-owned insurance and investment firm in India. The Life Insurance Corporation of India (LIC) was founded on September 1, 1956, when the Indian Parliament passed the Life Insurance of India Act, which nationalised the Indian

India has met its asset monetization target of Rs.88,000 crores for 2022. The government was able to get contracts worth Rs. 96,000 crores. The biggest sources were found to be highways, power, coal mining, and minerals. The Centre has now said that it will meet the 1.6 trillion dollar objective for the financial year 2023.

What is KV Kamath’s Report? The KV Kamath committee had the objective of conducting the research on various scenarios, which consisted of studies focusing on financial sectors damaged during the economic slump caused by the Covid-19 epidemic; this committee, under the charge of KV Kamath, has identified 26 industries that would require reorganisation. Electricity, architecture,

International Day of Banks On  December 19, 2019, the  General Assembly of the United Nations passed resolution 74/245, designating December 4  as International Banking Day. We also recognize the important role of member countries’ banking systems in improving living standards. In September 2015, the General Assembly adopted a comprehensive, wide-ranging, people-centric, universal, and transformative set

The event in which two or more companies come together and create a new company, mostly with a new name, is known as a merger. The merger of companies assists in increasing the strength of the organisation or business. It also helps in getting a competitive edge in the market. In merging, the companies share

The biggest twist is that the country’s Central Government can only legislate it. Insurance is a legal agreement between two parties, i.e., the individual and the insurance company. The individual is called “insured”, and the insurance company is called the “insurer”. In this pattern, the insurance company promises to make good the insured’s losses on

Mandatory in-person physical verification of business establishments has been introduced by the government whose main objective was to get in registration of GST. In the Indian Economy, Goods and Services Tax (GST) was implemented from 1st July 2017. The main purpose was multiple indirect taxes to be replaced and additional charges which were imposed before

According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the fiscal period 1951 – 1952. These numbers include trade in goods and goods, but don’t include services or foreign direct investment. The two largest goods traded by India are mineral energies