Economics

50 Years of Nationalisation of

50 Years of Nationalisation of Banks

2019 marks 50 years of the nationalisation of Indian Banks. On July 19, 1969, Indira Gandhi, who was...

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Urban Unemployment

Urban Unemployment

In News: Concern about the job situation is posed by the contraction of the economy, as the declinin...

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Discoms Privatising

Discoms Privatising

By January 2021, the government plans to privatise the electricity distribution companies (discoms) ...

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Railways Private Engagement

Railways Private Engagement

Over 109 Origin Destination (OD) pairs of routes using 151 modern trains on existing rail infrastruc...

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Repo Rate

Repo Rate

When banks need money they can borrow from the RBI against their surplus government securities at a ...

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Fiscal Responsibility Manageme

Fiscal Responsibility Management Act (FRBMA) 2003

It empowers the state governments to go for market borrowings to fulfill their plan expenditure with...

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Economic Census

Economic Census

Conducting periodic Economic Census has been the means of measuring the diversity of non-farm econom...

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Roles of State in an Economy

Roles of State in an Economy

There can be three kinds of roles for the state in an economy viz. regulator, producer/ supplier of ...

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Types of Economy

Types of Economy

According to the responsibility and the structure of production and distribution network, world econ...

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Escrow Account

Escrow Account

It is a separate bank account to hold money which belongs to others and where the money parked will ...

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Gross Domestic Product (GDP)

Gross Domestic Product (GDP)

It is the final value of all final goods and services produced within the boundary of a nation durin...

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Swift Norms

Swift Norms

It stands for the Society for Worldwide Interbank Financial Telecommunications.   The S...

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