About Bank Merges
There are a total of 12 Public Sector Banks in India after the Mega-Merger. Among these, there are six merged banks and six independent public sector banks.Merged Banks - SBI, PNB, BoB, Indian Bank, Canara Bank, and Union Bank of...
About RRB in India
Regional Rural Banks (RRB) are scheduled Commercial banks (Government banks) operating at the regional level in different States of India.
RRBs perform Various functions in the following heads:
Providing banking facilities to rural and semi-urban areas.Carrying out government operations like disbursement of wages...
About Comptroller and Auditor General of India(CAG)
The Comptroller and Auditor General (CAG) of India is an authority, established by Article 148 of the Constitution of India, which audits all receipts and expenditures of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government.
The current CAG...
Shaktikanta Das has become the 25th governor of the Reserve Bank Of India(RBI) in December 2018.C.D. Deshmukh was the first Indian Governor.
About RBI
The Reserve Bank of India (RBI) is India’s Central Banking Institution, which controls the monetary policy of the Indian rupee.
Started: 1 April 1935 under...
Pradhan Mantri Gram Sadak Yojana
This Scheme was launched on 25 December 2000 by then Prime Minister Atal Bihari VajpayeeThe scheme aims at enhancing rural road connectivity. This scheme provides connectivity to the habitations with less or no connectivity at...
About GST
GST (Goods and Services Tax) is the indirect tax reform of India. GST is a single tax on the supply of goods and services. It is a destination-based tax. GST has subsumed taxes like Central Excise Law,...
About Five Year Plan
Economic planning in India began after the country's independence in 1950 when it was thought important for the country's economic growth and development.This was carried out through the Planning Commission (1951-2014) and the NITI Aayog's (2015-2017) Five-Year Plans, which were...
Under Article 15(3), the Constitution of India allows for positive discrimination in favour of women.
The article, under right to equality, states: “Nothing in this article shall prevent the State from making any special provision for women and children.”
In addition, the directive principles...
Important Topics in the Indian Economy
Basic Concepts Macroeconomic Concepts Microeconomic Concepts
Economic MeasurementsNational Income & Its CalculationEconomic Growth and DevelopmentInflationMoney & BankingMoney Function & ClassificationFinancial Markets & Its InstrumentsBanking Structure in IndiaPublic Finance in IndiaBudgetingFiscal PolicyCentre-state DistributionTax Structure in IndiaPlanningMeaning, Objective &...