Economy

A bank is a financial institution that provides banking services and other financial services to its customers. Banking services include accepting deposits and giving loans. In India, there are different types of banks, and each bank has its own set of responsibilities. The various types of banks provide financial services like money deposit and withdrawal […]

A capital buffer is an additional capital that financial organisations must retain over and beyond their basic capital requirements. Regulations promoting the construction of adequate capital buffers are intended to limit the procyclical nature of lending by encouraging the formation of countercyclical buffers, as outlined in the Basel Committee on Banking Supervision’s Basel III regulatory

A tax is a mandatory financial payment imposed by the government on a taxpayer (an individual or legal entity) to fund certain government expenses. In order to run the government and manage the affairs of a state, money is required. So the government imposes taxes in many forms on the incomes of individuals and companies.

The Supreme Court has agreed to hear the cue of the mill owners to reverse its earlier decision on fixing the price of sugarcane after the food and agricultural departments of states objected that such a move would adversely impact the state governments. Mills sell sugar cane at SAP fixed by the respective state governments

Availability of Natural Resources in India:  The Indo-Gangetic fields are one of the most fruitful, seriously developed, and thickly populated districts on the planet. The suitable soil for the cultivation of cotton is black soil which is particularly found in the Deccan plateau, leading to the concentration of textile industries in this region. In India,

The definition of PPP (purchasing power parity): it is an economic idea that allows you to compare the purchasing power of different foreign currencies. It’s the notional rate at which one currency may buy the same quantity of products. A broad range of products and services must be evaluated to make an effective price comparison

People are engaged in various economic activities. Some of these activities are producing goods. Some others are producing services. Generally, the economic activities performed are divided into various groups called sectors.   Sectors of the Indian Economy Primary Sector All the economic activities undertaken by using or exploiting natural resources directly are grouped into the primary

Due to a vast section of the country residing in rural areas and many of them living in poverty, the development of the rural regions becomes the central focus point in the overall growth and development of the country.  Gandhi once said that the genuine advancement of India didn’t mean, essentially the development and extension

Role of Cooperatives in Food Security: The cooperatives are also playing an important role in food security in India, especially in the southern and western parts of the country. Various examples include:  In Tamil Nadu, around 94 per cent of fair price shops are run by cooperatives In Delhi, Mother Dairy is making strides in

During the late 1980s, the Government of India’s expenditure was exceeding its revenue; hence, they approached the World Bank and International Monetary Fund (IMF) for a loan to manage the crisis.  The major condition for availing the loan was to liberalize and open up the country’s economy for the private sector. India agreed to those