Economy of India
Union Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan has unveiled the government efforts in realizing the idea of One Nation, One Ration Card. The government has launched a pilot project of One nation, one ration card in two clusters of Andhra Pradesh-Telangana and Maharashtra-Gujarat. How the scheme will span out? To ..
Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity ..
Cashless Economy is when the flow of cash within an economy is non-existent and all transactions have to be through electronic channels such as direct debit, credit and debit cards, electronic clearing, and payment systems such as Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) in India. As ..
The Capital Goods industry is one of the key contributors to value added manufacturing in India. Capital goods include plant machinery, equipment and accessories required for manufacture or production of goods or for rendering services, either directly or indirectly. Currently, the Capital goods sector is contributing 12% to manufacturing sector which translates to 2% of ..
Rights since India’s independence, the growth in agriculture has been roughly in the range of 1.7 to 4%. The below graphics shows the growth of agriculture sector vis-à-vis the growth in overall GDP in different decades. One notable point is that out of all the five year plans India made so far; growth targets in ..