Commercial Banking in INDIA

At the time of Independence, India banking system was not sound. There were hundreds of private banks under unscrupulous management. Hence, in 1949 two major actions were taken very important from the point of view of structural reforms in the banking sector. The Banking Regulation Act was passed. It gave extensive regulatory powers to RBI(…)

Organized Sector of the Indian Money market

The organized sector of the Indian money market comprises the RBI, Commercial banks, foreign banks, cooperative banks, finance corporations, mutual funds plus the Discount and Finance House of India Limited (DFHI). Broadly the main constituents on the organized sector on the Indian money market are:    The decision Money Market: The decision money market exists in(…)

National Income 2012

National Income is defined as the value of all final goods and services produced by the residents of a country, whether operating within the domestic territory of the country, or outside, in a year. National income is thus, a momentary expression of the current achievements of the people of a country expressed through their production(…)

India Vision 2020

The Planning Commission released a document, in January, 2003 titled “India Vision 2020” served by Dr. S.P. Gupta, then person in the Planning Commission. The document examines many important issue however the ones that be noticed most powerfully are employment and education. Predominantly, the document refers back to the average performance of the list of(…)

Economic Systems and Planning Commission

Economic Systems :- The nature and scope of planning is largely determined by the nature of the economic system in which it is practices. Economics can be classified into the following categories : Socialist Economy: It is characterized by the existence of public enterprise or state ownership of capital in all the important spheres of(…)

Unemployment in India 2012

By unemployment the Economists mean a situation by which anyone is ready and willing to have the prevailing rate of wages, but he does not get work. In line with Prof. Pigon, “ A male is unemployed only when he or she is both without a job or otherwise employed and in addition wished to(…)

Planning in India 2012

The first attempt at systematic planning in India was made by Sh. M. Visvesvarya when he published in 1934, his book Planned Economy for India. Three years later, in 1973, the Indian National Congress set up the National Planning Committee (under the chairmanship of Pt. Jawaharlal Nehru) which submitted its reports as late as 1948,(…)

Poverty In INDIA – 2012

Absolute Poverty of a person ensures that his income or consumption expenditure can be so meager that she live below the minimum subsistence level. As a result of his absolute poverty condition, he isn’t capable of maintain his health insurance and efficiency and, in reality he may be starving. Alternatively, Relative Poverty merely indicates the(…)