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 … Read moreBanking Sector In India

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 … Read moreFiscal policy In Indian Economy

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 … Read moreMonetary Policy Of RBI

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 … Read moreWelfare Programmes By Indian Government

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 … Read morePoverty And Poverty Line (Indian Economy)