Economy- Economic Survey 2016-17 Highlights of Economic Survey 2016-17 India’s economic growth has been pegged at 6.5 per cent for the current fiscal, down from 7.6 per cent recorded in the last financial year, but is expected to rebound in the range of 6.75-7.5 per cent in 2017-18 * The survey was prepared … Read more
Economy- One Liners Some Important Regulatory Bodies in India 1. RBI – Reserve Bank of India Sector: Banking & Finance, Monetary Policy Head: Governor – Urjit Patel Headquarters: Mumbai 2-NABARD – National Bank for Agriculture and Rural Development Sector: Financing Rural Development Head: Chairman – Harsh Bhanwala Headquarters: Mumbai 3- TRAI … Read more
Business/Economy Tea, Coffee, Cashew -One Liners 1-India is one of the world’s largest consumers of tea, with about three-fourths of the country’s total produce consumed locally. 2-The main tea-growing regions are in Northeast India (including Assam) and in north Bengal (Darjeeling district and the Dooars region). 3-Tea exports from India stood at … Read more
Business/Economy-One Liners 1-The total export of silk and silk products stood at US$ 113.12 million for the period April-August 2016. 2-With sericulture activities spread across 52,360 villages, the Indian silk industry is one of the largest generators of employment and foreign exchange for the country 3-Silk Industry provides employment to over 7.9 million people in … Read more
Business/Economy-One Liners 1-The domestic Gems and Jewellery market is expected to grow at a rate of compound annual growth rate (CAGR) of 13 per cent to US$ 80-85 billion mark by 2018. 2-India is the world’s largest gold consumer, and third largest diamond consumer, accounting for 29 per cent share and 8 per … Read more
Business/Economy Road Infrastructure in India-Few Points 1-India has the second largest road network across the world at 4.7 million km. This road network transports more than 60 per cent of all goods in the country and 85 per cent of India’s total passenger traffic. 2-Government of India has set earmarked 20 per … Read more
Business/Economy-One Liners 1-Under Core Banking Solution (CBS) customers may access their bank account and perform basic transactions from any of the member branch office. 2-RBI (Reserve Bank of India) controls the Monetary Policy in India. 3-Current Account deficit- A measurement of a country’s trade in which the value of goods and services it imports … Read more
Business/Economy -One Liners 1- In India, one rupee coins are issued by Govt. of India 2-When a bank returns a cheque unpaid, it is called dishonour of the cheque. 3-Banks in India are regulated under Banking Regulation Act, 1949 4-If a cheque is postdated, the bank on which it is drawn will not honour the … Read more
Business/Economy -One Liners 1-The Reserve Bank of India (RBI) recently, designated State Bank of India (SBI) and ICICI Bank Ltd, the country’s two largest lenders, as Domestic Systemically Important Banks (D-SIBs). 2- Full form of CVV is – “Card Verification Value” on your credit card or debit card is a 3 digit number on VISA, … Read more
Business/Economy- One Liners 1-National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year 1999 2-Fiscal deficit in the Union Budget means the sum of budgetary deficit and net increase in internal and external borrowings. 3-Devaluation of currency will be more beneficial if prices of exports remain constant 4-The banks are required to … Read more