Goods and Services Tax Council (GSTC) has been constituted with effect from 12th September, 201 6 with effect from 12th September, 2016 comprising the Union Finance Minister, the...
Advantages for the government: Will help to create a unified common national market for India, giving a boost to foreign investment and 'Make in India' campaign; Will mitigate...
Variable time lags concerning the effect of money supply on the national income. Treating Interest rate as the target of monetary policy for influencing investment demand for stabilizing...
In India, prior to 1991, interest rates and returns on all types of financial investments were strictly regulated and banks had to operate under numerous restrictions imposed by...
Financial inclusion is the process of ensuring access to appropriate financial products and services needed by vulnerable groups such as weaker sections and low-income groups at an affordable...
The term monetary policy refers to actions taken by central banks to affect monetary magnitudes or other financial conditions. It is concerned with the changing the supply of...
RBI has initiated several measures to achieve greater financial inclusion, such as facilitating no-frills accounts and GCCs for small deposits and credit. Some of these steps are: Opening...
The Lead Bank Scheme was introduced by RBI in December, 1969 based on the recommendation of the Study Group, headed by Prof. D. R. Gadgil. The Study Group...
The Union Government has approved measures to promote payments through cards and other electronic means to check tax evasion and transition towards a cashless economy. The essential steps...
