Atmanirbhar Bharat Abhiyan (Self-reliant India Mission) is a campaign launched by the Central Government of India which included an Rs.20 lakh crore economic stimulus package and a number of reform proposals. As part of the relief measures in the aftermath of COVID-19, the Prime Minister announced a special economic package and gave a clarion call for “Atmanirbhar Bharat” or "Self-reliant … [Read more...] about Atmanirbhar Bharat Abhiyan – Explained in Layman’s terms
Economics Notes
Operation Twist – 7 Key Points to Understand
Operation Twist is an unconventional monetary policy of the Central Bank. Recently, the Reserve Bank of India tried 'Operation Twist' in India. Originally, 'Operation Twist' was the name given to the US Federal Reserve monetary policy operation. This operation involved the purchase and sale of government securities to boost the economy by bringing down long-term interest rates. In 2019 and … [Read more...] about Operation Twist – 7 Key Points to Understand
Debt Recovery Tribunals (DRT)
What are Debt Recovery Tribunals (DRTs)? Debt Recovery Tribunals are Tribunals which facilitate the debt recovery involving banks and other financial institutions with their customers. DRTs can now take cases from banks for disputed loans above Rs 20 Lakhs. Debt Recovery Tribunals (DRTs): Background Bad loans and Non-Performing Assets (NPAs) are a perpetual source of trouble for banks in … [Read more...] about Debt Recovery Tribunals (DRT)
Indian Budget 2020-2021 Summary by ClearIAS (PDF) Released
ClearIAS has released the gist of Indian Budget 2020-2021 as an ebook in PDF format. Aspirants can instantly download the book ‘Indian Budget 2020-2021 Summary’ from ClearIAS online store. Download Indian Budget 2020-2021 Summary Indian Budget is an important document for all IAS aspirants. Many questions are repeatedly framed by UPSC - in Preliminary Exam and Main Exam - from the latest … [Read more...] about Indian Budget 2020-2021 Summary by ClearIAS (PDF) Released
Economic Survey 2019-2020 Summary by ClearIAS (PDF) Released
ClearIAS has released the gist of Economic Survey 2019-2020 as an ebook in PDF format. Aspirants can instantly download the book 'Economic Survey 2019-2020 Summary' from ClearIAS online store. Download Economic Survey 2019-2020 Summary Be it UPSC CSE Prelims or Mains, Economic Survey is a must-read document for all IAS aspirants. Many questions are repeatedly framed by UPSC from the latest … [Read more...] about Economic Survey 2019-2020 Summary by ClearIAS (PDF) Released
15th Finance Commission: Recommendations
Know the recommendations of the 15th Finance Commission. The Finance Commission (FC) is constituted by the President of India every fifth year under Article 280 of the Constitution. The Fifteenth Finance Commission (XV-FC) was constituted in November 2017 to give recommendations for vertical and horizontal devolution of taxes for five fiscal years, commencing 1 April 2020. What is the … [Read more...] about 15th Finance Commission: Recommendations
100 Important MCQs from Economic Survey and Budget 2020
New ebook released: Learn 100 Important MCQs from Economic Survey and Budget 2020. Download the ebook (PDF) from ClearIAS Store. Download 100 Important MCQs from ES and Budget 2020 Economic Survey and Indian Budget are very important for aspirants preparing for UPSC Exams. This ebook (PDF) brings you 100 important questions from Economic Survey and Budget 2020 in Multiple Choice Question … [Read more...] about 100 Important MCQs from Economic Survey and Budget 2020
Yes Bank Crisis and Reconstruction: Explained
What is YES Bank Crisis? Is the YES bank crisis over? Is the depositors' money in the YES Bank safe? What is the reconstruction scheme of YES Bank proposed by RBI? Read this post to understand the YES Bank story in detail. Banks play a pivotal role in the economic growth of the country. Failure of a bank, irrespective of the ownership, private sector or public sector, can impact everyone. … [Read more...] about Yes Bank Crisis and Reconstruction: Explained
Government Budgeting in India – The Process and Constitutional Requirements
What is the process of government budgeting in India? What are the constitutional requirements regarding the annual financial statement? How knowledgeable are you regarding the government budgeting process of India? In this post, we explain the basics of Indian Budget and Government Budgeting process for beginners. What exactly is a budget? As you know, the budget is a report presented by … [Read more...] about Government Budgeting in India – The Process and Constitutional Requirements
FRBM Act – Guidelines, Targets, and Escape Clause
The FRBM Act was passed by the Parliament of India in 2003 to reduce Fiscal Deficit. Every time when the Union Budget of India is presented, the term FRBM is seen in the news. You may see headlines like ‘FRBM targets are missed’ or ‘FRBM targets are met’. What exactly is FRBM? What is the significance of FRBM with respect to Indian economy? The FRBM Act is a law enacted by the Government of … [Read more...] about FRBM Act – Guidelines, Targets, and Escape Clause
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