International organizations hold a remarkable place in world affairs with their efforts on making world a better place to live in. International organizations have been established with an aim to set the international agenda, to strengthen political relationships and to provide a place for initiatives that leads to development, etc. The first Intergovernmental organization was established in 1865...
The History of modern banking in India started in 1770 when the first Joint Stock Bank named as Bank of Hindustan was established by Alexander and Co. in Calcutta. This bank was, however terminated in 1832. The history of Indian banking has been classified into two phases i.e. Pre Independence and Post-Independence. Let’s talk about each in...
The Economic Survey 2019-20 was released by Chief Economic Adviser Krishnamurthy V Subramanian on January 31, 2020. The Economic Survey is a lengthy document in two volumes covering the overall economic growth made in the previous fiscal year and also set the path for the Union Budget for the upcoming year.
Economic Survey 2019-2020...
In the recently concluded Union Budget 2020-2021, Finance Minister Mrs
Nirmala Sitharaman introduced a new scheme to alleviate the rising grievances
of taxpayers and IT Departments for direct taxes. The scheme is named as Vivad
Se Vishwas and aimed at settling the piling number of pending direct tax
cases. In economic terms, it is a dispute resolution scheme for direct tax
litigation...
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank. The mission of AIIB is to improve social and economic outcomes in Asia. It entered into force on December 15, 2015 by the AIIB Articles of Agreement and opened for business on January 16, 2016. The members of AIIB have now grown to 102 members worldwide...
India’s stumbling economy receives a major jerk on 10th February
when USTR stripped India from developing countries tag under US Counter- Vailing Duty Law or CVD, which
is a form of import tax imposed on certain goods to prevent dumping or counter
export subsidies. With sluggish job creation, rising piles of NPA, stress on
rural households, credit crunch among NBFIs, low...
On November 18, 2019, Shri Sharad Arvind Bobde took oath as the 47th Chief Justice of India by President Shri Ram Nath Kovind. The Oath ceremony took place at the Durbar Hall of the Rashtrapati Bhawan, New Delhi. He is a former Chief justice of Madhya Pradesh High Court and presently serving as a chancellor at the...
NABARD Grade A Prelims 2020 is fast approaching, and the recent release of the NABARD Grade A prelims admit card has stimulated an urge in the NABARD aspirants to kick start and increase the intensity of NABARD Grade A prelims preparation. NABARD is one of the most competitive exams, and proper planning and diligence are required while...
DICGC (Deposit Insurance and Credit Guarantee Corporation) is a wholly-owned subsidiary of the Reserve Bank of India. It insures all the bank deposits such as Savings account, Current Account, Fixed Deposit, and Recurring Deposit) payable in India, up to the limit of rupees 5 lakh of each deposit in the bank. It was formed on July 15,...
