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Economy

All the major topics of economy are covered here.

MSME

MSME Development Act 2006| Updated Definition| Important Schemes| Measures taken by Government

Introduction of MSME Development Act 2006 Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 which was notified on October 2, 2006, deals with the definition of MSMEs. The MSMED Act, 2006 defines the Micro, Small and Medium Enterprises based on the investment in plant and machinery for those engaged in manufacturing or production, processing

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fiscal policy

Important Concepts of Fiscal Policy| Fiscal Stimulus| Crowding out Effect| Fiscal Drag

Definition of Fiscal Policy Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation’s economy. Fiscal policy, in simple terms, is an estimate of taxation and government spending that impacts the economy. Fiscal policy is a complimentary strategy to monetary policy (through which a central bank

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Bonds

Important Types of Bonds

Introduction of Bonds A bond is a debt instrument in which an investor loans money to an entity (typically corporate or government) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are used by companies, municipalities, states and sovereign governments to raise money to finance a

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Deficit Financing| Need| Consequences| Important Types

Deficit Financing Deficit financing is the budgetary situation where expenditure is higher than the revenue. It is a practice adopted for financing the excess expenditure with outside resources. In this process, the government knows well in advance that its total expenditures are going to turn out to be more than its total receipts and enacts/follows

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v-shaped-recovery

Different Shapes of Economic Recovery (K, L, U, V, W & Z )

The fundamental difference between the different kinds of economic recovery is the time taken for economic activity to normalize. In this article, let’s try to take a brief look how K, L, V, U, W & Z Shaped economic recovery compare. L–shaped Economic recovery  An L–shaped recovery is a type of recovery characterized by a slow rate of recovery, with persistent

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