India has the world’s sixth-largest economy in measures of GDP. It has the third-largest purchasing power in the world. When we talk about the global economy, India is one of its fastest emerging players. Since our liberalization in 1991, the economy has opened up and given us plenty of opportunities to succeed. Let […]
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Essay on Black Money for Students and Childrenrate is an extremely huge issue..
500+ Words Essay on Black Money is the money on which income tax is not paid. This money is earned through corrupt practices and not declared fearing legal action. Black money is collected by corrupt officials, politicians, businessmen, criminals, smugglers and any other individual trying to evade taxation. Thus, Black money is one […]
Demonetization Essay for Students and Children
500 Words Essay on Demonetization Demonetization refers to the act of stripping a currency as legal tender. In demonetization, the current form of money is removed from circulation and retired. Furthermore, the replacement of this form of money occurs with new notes or coins. Sometimes, a nation completely introduces a new currency in place of […]
Non-Tax Revenue
Any income that is not able to generate revenue is known as liability. For example, when the government of India borrows money from the world bank, this will increase liabilities. Thus, it cannot be termed as revenues. There are two types of revenues generated by the government, nontax revenue, and […]
Introduction To Minimum Wages Act
The Minimum Wages Act of 1948 strives to secure the welfare of both skilled and unskilled labourers in India. This act of parliament specified the minimum wage limit for several occupations. Its main motive was to ensure that employers cannot exploit them with lower rates. The growth of a country can be measured in terms […]
Financial Institution in India – ICICI
Industrial Credit and Investment Corporation of India (ICICI) is a financial institution in India and was established in 1955 as a public limited company. The Indian Company Act governs it. ICICI is incorporated for developing medium and small industries of the private sector. Suggested Videos Financial Institution in India – ICICI Initially, the equity capital […]
Effects of Inflation on Production and Distribution of Wealth
Inflation affects different aspects of the economy. In this article, we will explore the effects of inflation on production activities and the distribution of wealth. Suggested Videos Effects of Inflation on Production Inflation has the following effects on production activities: Inflation may or may not increase production As long as the economy […]
The Reserve Bank of India
The Reserve Bank of India is the Central Bank of India, which means it is at the apex of the banking structure of the economy. It is one of the main governing bodies and regulatory bodies in India and helps the government in its role as a business facilitator. Let us learn a bit more […]
Banking Practice Questions
Banking Practice Questions has sections on the History of Banking in India & World, Structure of Banking in India and the Types of Banking in India. Banks have been providing financial services to their Indian customers for over a century now. In the Banking Practice Questions section, we will test all these concepts and recap the ones that […]
Liberalization
The basic aim of liberalization was to put an end to those restrictions which became hindrances in the development and growth of the nation. The loosening of government control in a country and when private sector companies start working without or with fewer restrictions and the government allow private players to expand for the growth of […]
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