Operation Flood
Operation Flood was an initiative by National Dairy Development Board in 1970.It is called as white revolution of India.It created a national milk grid linking milk producers throughout India with consumers in over 700 towns...
Category: Economy
Currency Convertibility: Current and Capital
Recent Panama papers leak has again rekindled the old question, whether countries should go for Capital account convertibility? To understand the answer to this, let’s first understand the concept of convertibility Current Account Convertibility...
Unified Payment Interface
We are turning away from cash to digital money. Online payments, debit cards, credit cards, various wallets indicate that we are moving towards digital currency. The recent launch of Unified Payment Interface (UPI) by...
Payment Banks
Payment Banks are setup with objective of financial inclusion by providing 1.Small savings accounts 2. Payments remittance services to its users. Targeted user group of Payment banks are 1.Migrant labour workforce 2.Low income households 3.Small businesses...
Goods & Service Tax
What is Good & Service Tax (GST) ? Goods and Service tax is nothing but the tax collected by a consumer for a goods or a service. This tax includes all the indirect taxes...
Geographical Indicator
What is Geographical Indicator? A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. How do...
Consumer Price Index
Consumer Price Index is a measure of the change in prices of market basket of products and services bought by households. CPI is measure by recording the changes in prices of items which are...
Bank Rate
Bank rate is the rate of interest which a central bank charges on the money borrowed (Loans) by commercial banks from the central bank. The bank rate is known by different names and different...
Non-Performing Assets: What? Why? Solutions Ahead!
What is NPA? An asset becomes NPA, when it ceases to generate income for the lending bank. According to a July 2014 RBI circular, all advances where interest and/or instalment of principal remains due...
Prime Driving Force for Indian Economy
After Independence a debate rose among Political leaders, about sector that will lead the process of development. What should be the Prime moving force for economy- Agriculture or Industry? There were different Pros and cons of choosing...
