Economy

ODB aims at converting a class room into a digital class room and provide e-resources at any time and at any place to students.The digital board will be introduced all over the country in government and government aided schools from class 9th onwards as well as in higher education institutions.The Operation Digital Board (ODB) will be implemented in … Read more

The term refers to the practice of banking like activities performed by non-banking finance companies, which are not subject to strict regulation. However, these institutions function as intermediaries between the investors and the borrowers, providing credit and generating liquidity in the system. Although these entities do not accept traditional demand deposits offered by banks, they … Read more

Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, industry and services. Agriculture includes crops, horticulture, milk and animal husbandry, aquaculture, fishing, sericulture, aviculture, forestry and related activities. Industry includes various manufacturing sub-sectors. India’s definition of services sector includes its construction, retail, software, IT, communications, hospitality, infrastructure operations, education, health … Read more

FRBM is fiscal responsibility and budget management act is an act of parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit , improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget. The main purpose of the budget was to eliminate the revenue deficit and to … Read more

Pradhan Mantri Matru Vandana Yojana  (PMMVY) is a Maternity Benefit Programme that is implemented in all the districts of the country in accordance with the provision of the National Food Security Act, 2013.Providing partial compensation for the wage loss in terms of cash incentive s so that the woman can take adequate res t before … Read more

The National Agriculture Market is envisaged as a pan-India electronic trading portal which seeks to network the existing APMCs and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market but it has a physical market (mandi) at the back end. NAM is proposed to be achieved through … Read more

Causes of Yes Bank crisis: Loan spree In the last five years, Yes Bank went on a loaning spree. Its total advances rose by 334% between FY14 and FY19, the highest rise among comparable banks in the period. Bad loans multiply Many borrowers started defaulting. The bank’s Gross NPA% (loans overdue for >90 days) zoomed … Read more

A public-private partnership (P3) is a contractual arrangement between a public agency and a private sector entity, typically of a long term nature. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the … Read more

NITI Aayog as guided by the central government has come up with a unique and promising idea of ‘Aspirational Districts Programme’ based on mass movement approach. The uniqueness of the programme lies in its approach and implementation based on creating a competitive environment and empowering State Governments (mains driver) diving respective districts as competitors. (total … Read more

Under the Monetary Policy Framework Agreement, the RBI will be responsible for containing inflation targets at 4% (with a standard deviation of 2%) in the medium term. Under Section 45ZA(1) of the RBI Act, 1934, the Central Government determines the inflation target in terms of the Consumer Price Index, once in every five years in … Read more