In the last year budget, the Railway Ministry had promised to set an innovation council called “Kayakalp” which might come up with cost saving innovations in railway functioning....
SRESTHA refers to Special Railway Establishment for Strategic Technology & Holistic Advancement. This is a proposed special unit of Indian Railways comprised mostly of scientists and railway experts....
Indian railways, as pointed out by Railway Minister, are faced with two headwinds, entirely beyond its control. Firstly, the tepid growth of core sector in the economy leads...
GDP measures the total output of goods and services for final use occurring within the domestic territory of a given country, regardless of the allocation to domestic and...
In January 2015, the MOPSI had released the new series of national accounts, revising the base year from 2004-05 to 2011-12. With this, the GDP at Factor Cost...
Economy refers to production, distribution and consumption of goods and services in a geographical region. The inputs to the production process are called factors of production. There are...
For the purpose of economic calculations such as GDP, GNP, GVA etc. the concept of economic territory is used in place of political or geographical territory. The Economic...
The convertibility of a currency such as Rupee has different meanings in different times. In existing standards, it means that the country’s currency becomes convertible in foreign exchange...
The account book of the Balance of Payments comprises four accounts viz. Current Account, Capital Account, Errors and Omissions, and Change in Foreign Exchange Reserves. Current Account Under...
The most important feature of the Balance of Payments Accounts is that it is a double-entry system of accounts: a credit entry in the BOP accounts has a...
