Economy
Banking Systems in India with Quick Facts to Know
Commercial Banks It is the type of financial intermediary which Mediates between savers and borrows. It accept public deposits and...
Types of Taxes in India – Hidden Taxes , Progressive Tax, Tax Buoyancy
Tax avoidance - Legally Done in Lawful Ways Implemented by the Government . One should save or invest money in...
Micro Detailing about the Tax Reforms in India
Why tax reforms in India is necessary? International Competiveness must be imparted to the Indian economy.High cost nature of the...
Taxation systems in India After 1991 – A Quick Facts
Tax is a payment compulsorily collected from the individual or company.Direct tax - Corporate, Income, etc.Indirect tax - Excise duty,...
What is Balance of Payment (BOP) and its Components ?
Countries over all statement of economic transaction with rest of the world over some period. Usually one year period. It...
What are the Functions of Reserve Bank of India
Recommend by Hilton young commission. 20 Members (Directors), Governor & 4 Deputy Governor, one member recommended by Minister of Financial...
Various Debt Instruments in Fiscal Policy – Economics
Public Debenture Internal borrowings like from market, treasury bills against RBI.External borrowing a FI’s foreign loan and NRI deposits.It can...
Why is Fiscal Consolidation Important ?
It strengths government finances.Encourage and enable government to spending more on social sector and infrastructure.Revenue reforms and expenditure reforms are...
Main Features of FRBM Act 2003 – UPSC
Enacted in 2004.To control the government debtors RD and borrowing from RBI.↓Of 0.3% in RD and 0.5% ↓ in FD...
