All the major topics of economy are covered here.
Know about Bank Types of Banking Reserve Bank of India Commercial Bank Non-Banking Financial Companies Difference between Banks & NBFCs NBFCs lend and make investments and hence their activities are akin to that of banks; however there are a few differences as given below: Co-operative banks: Extent of Cooperative Banking Structure of Cooperative Banking in […]
Banking Sector of India| Important Read More »
Effects Of Inflation On An Economy There are multi-dimensional effects of inflation on an economy both at the micro and macro levels. It redistributes income, distorts relative prices, destabilises employment, tax, saving and investment policies, and finally it may bring in recession and depression in an economy. Some of the effects of inflation is given
Important Effects of Inflation on an Economy Read More »
In layman terms, inflation is just a price rise. If the price of one good has gone up, it is not inflation; it is inflation only if the prices of most goods have gone up.
Understanding Inflation| Important Points Read More »
Different Measures Of National Income Gross Domestic Product (GDP) Net Domestic Product (NDP) Gross National Product (GNP) Net National Product (NNP) National Income calculated by three ways: Value Added Method (or the Production Method) Income Method Expenditure Method New Methodology for Calculation of GDP in India Green GDP Also refer :
Important measures of national income| GDP| NDP| Read More »
Circular Flow Of Income In An Economy Saving and Investment in the Circular Flow Government Sector in the Circular Flow Also refer :
Circular flow of income in an economy| Important Read More »
Debt-to-GDP Ratio In economics, the debt-to-GDP ratio is the ratio between a country’s government debt and its gross domestic product (GDP). Some facts on the debt-to-GDP ratio: Explanation : If a country were a household, GDP is like its income. Banks will give you a bigger loan if you make more money. In the same way, investors will be happy to take on a country’s
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The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement between the 15 Asia-Pacific nations (10 ASEAN members and their five FTA members): Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Thailand, and Vietnam. Important facts about RCEP : Introduced in : The Regional Comprehensive Economic Partnership
Know about RCEP and why India did not join it? Read More »
Highlights OF The ECONOMIC SURVEY 2020-2021 Economic survey is annual document prepared by Department of Economic Affairs, the Ministry of Finance under the guidance of Chief Economic Advisor. It is regarded as the official report card of the union government which gives a roadmap for the country’s economy and spells the way forward. It provides
Important Highlights OF the ECONOMIC SURVEY 2020-2021 Read More »
Development Finance Institutions (DFIs) Why DFIs is in news ? In the budget for 2021-22, the government has proposed the setting up of a new development finance institution called the National Bank for Financing Infrastructure and Development . The institution will be set up on a capital base of Rs 20,000 crore and will have
Development Finance Institutions (DFIs)| Important Points Read More »
Steps to bounce back the Indian Economy Important steps to bounce back the Indian economy are discussed below: Economic Factors Gross fixed capital formation declined (29% of GDP in 2018-19 to 24.2% in 2020-21). We need to reverse this trend. The government will need to step up public investments to boost growth. In a developing
Steps to bounce back the Indian Economy| Important Points Read More »
