The budget consists of information about total revenue receipt of the government and its sources. It shows total expenditure of the government and different heads of expenditure. I contains information on resources transferred to states and Union Territories. It also tells us information about allocation for government programmes and schemes. It also tells us […]
What is cryptocurrency? A cryptocurrency is a digital or virtual currency. It is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. The cryptocurrencies are generally not issued by any central authority, so governments do not have any control […]
GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which […]
The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament on January 31, 2022. The highlights of the Economic Survey are as follows: State of the Economy: Indian economy estimated to grow by 9.2 percent in real terms in 2021-22 (as per first advanced estimates) subsequent to […]
Tata Group took over the ownership of national carrier Air India on January 27, 2021 with the completion the strategic disinvestment with transfer of 100 per cent shares of Air India to M/s talace Pvt Ltd along with management control. The Strategic Partner (M/s Talace Pvt Ltd is a wholly owned subsidiary of M/s Tata […]
As the current fiscal year is coming to an end, India’s prospects of economic recovery amid the restrictions due to spread of the Omicron variant of Corona is being watched with interest in the country as well as abroad. It is because India is expected to act as engine of growth to drive the global […]
Reverse repo rate is used by banks to park their surplus with RBI. As Triparty Repo Dealing and Settlement (TREPS) and call money rates are ruling higher than the reverse repo rate, it is necessary to raise repo rate to keep it attractive for banks to park their surplus with the RBI. Reverse repo rate […]
Industrial growth in India is measured by growth in eight core industries index. Index of Eight Core Industries (ICI) basically measures the combined and individual performances of production in selected eight core industries: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. Overall, the eight industries mentioned above comprise 40.27 per cent of the […]
The COVID- 19 pandemic posed the most formidable economic challenge to India and to the world in a century. Governments and central banks across the world deployed a range of policy tools to support their economies such as lowering key policy rates, quantitative easing measures, loan guarantees, cash transfers and fiscal stimulus measures. India’s GDP […]
