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The Indian government has supported various industries and products through a system of subsidies. A subsidy is a financial aid or support extended by the government to help reduce the cost of goods and services for consumers. This approach aims to ensure access to essential items and boost certain sectors of the economy....
Amritsar, a prominent city in the East Punjab region of India, has always been recognized as a significant economic center. Historically, it stood as the second largest city in the combined region of East and United Punjab. Today, it continues to thrive as a bustling industrial citadel, bracing various industry verticals like commerce, trade, textile, and tourism....
The Finance Commissions in India, known in the local language as Vitta Āyoga, get established periodically by the President under the Indian Constitution's Article 280. The purpose behind setting them up is to create a financial balance between the central government and each individual state government. ...
India's foreign exchange reserves are sums of money or other assets held by the country's central bank, the Reserve Bank of India (RBI), in international currencies like dollars, euros, or yen. These reserves are not kept in the Indian rupee, which is India's national currency....
Unorganised sector, also known as the informal or unregistered sector, is an essential part of the Indian economy. This part of the economy is defined by the National Commission for Enterprises in the Unorganised Sector (NCEUS). It encompasses all unincorporated private companies, with ownership by individuals or families, involved in producing or selling goods and services. These businesses operate on a proprietary or partnership basis and employ fewer than ten workers....
COVID-19 had a substantial impact on the Indian economy, with profound hardships faced especially by migrant workers. They had a difficult time as workplaces were shut down due to the nationwide lockdown to control the virus spread. Many found themselves without any income, leading to multiple challenges, such as food scarcity and future uncertainty....
Post India's independence in 1947, the economy of South India was shaped by following a socialist model. In line with this, the government exercised strict control over private sector involvement, foreign trade and foreign direct investment (FDI). ...
Gujarat, one of India's leading states, claims a significant stake in the national pharmaceutical industry. Having the highest percentage share in the production and export of drugs in India, Gujarat is a key player in the Indian pharma sector....
Financial regulation is a critical aspect of any thriving economy, especially in India where it ensures the stability, integrity, and sustainability of its vast financial system. It involves implementing certain regulations, overseeing financial institutions, and enforcing restrictions and guidelines to prevent financial crises. This regulation can be handled by either government or non-government organizations....
Monetary policy is the method used by the financial authority of a country to control how much money is in the economy. This is generally handled by the central bank. ...