Deficit finance And Public Debt

Deficit finance and public debt

When the revenue of the government is shorter than its expenditure then this situation is dealt by printing more currency, buying from public and foreign institution. This temporary arrangement of the money is known as the deficit financing. Meaning: Deficit Financing Dr. V.K.R.V. Rao defines deficit financing as “the financing of a deliberately created gap

Banking Sector In India

Banking sector in india

Indian Banks are classified into commercial banks and Co-operative banks. Commercial banks comprise: (1) Schedule Commercial Banks (SCBs) and non-scheduled commercial banks. SCBs are further classified into private, public, foreign banks and Regional Rural Banks (RRBs); and (2) Co-operative banks which include urban and rural Co-operative banks. The Indian banking industry has its foundations in

Inflation And Money Supply

Inflation And Money Supply

Supplying the money in the market is the sole responsibility of the central bank of the country (Reserve Bank of India in case of India). RBI prints the currency and supplies money in the economy. Coins are minted by the Ministry of Finance but circulated by the RBI in the whole country. Supply of money

Fiscal policy In Indian Economy

Fiscal policy

Fiscal policy means the use of taxation and public expenditure by the government for stabilization or growth of the economy. According to Culbarston, “By fiscal policy we refer to government actions affecting its receipts and expenditures which ordinarily as measured by the government’s receipts, its surplus or deficit.” The government may change undesirable variations in private

Monetary Policy Of RBI

Monetary policy of RBI

Monetary policy refers to the credit control measures adopted by the central bank of a country. In case of Indian economy, RBI is the sole monetary authority which decides the supply of money in the economy. The Chakravarty committee has emphasized that price stability, growth, equity, social justice, promoting and nurturing the new monetary and

Welfare Programmes By Indian Government

Welfare programs by indian government

Government of India launched so many welfare programmes for the holistic development of the country. Some are Antyodaya Anna Yojna, National Gramin Awaas Mission (formerly Indira Awas Yojna), Bharat Nirman, etc. all these programmes are launched to alleviate the poverty and generate employment so that economy can grow rapidly in this competitive world. According to

Poverty And Poverty Line (Indian Economy)

Poverty And Poverty Line

The Planning Commission of India (Now NITI Aayog) periodically estimates poverty lines and poverty ratios for each year for which Large Sample Surveys on Household Consumer Expenditure have been conducted by the National Sample Survey Office (NSSO) of the Ministry of Statistics and Programme Implementation. Normally these surveys are conducted on quinquennial basis (Every 5

Features Of National Food Security Bill

Features of national food security bill

The National Food Security Bill was passed by the parliament in 2013. As per the provisions of the Bill, it is proposed to provide 7 kg. of food grains per person per month belonging to priority households at prices not exceeding Rs. 3 per kg of rice, Rs. 2 per kg of wheat, and Rs.

Functions , Roles And Achievements Of NABARD

Functions Roles and achievements of Nabard

It is the apex banking institution to provide finance for Agriculture and rural development.  National Bank for Agriculture and Rural Development (NABARD) was established on July 12, 1982 with the paid up capital of Rs. 100 cr. by 50: 50 contribution of government of India and Reserve bank of India. It is an apex institution

Programmes Against Poverty and Unemployment In India

Programmes against poverty and unemployment

The Global Multidimensional Poverty Index-2018 released by the UN noted that 271 million people moved out of poverty between 2005/06 and 2015/16 in India. The poverty rate in the country has nearly halved, falling from 55% to 28% over the ten-year period. Still a big part of the population in india is living Below the