Is India Ready for Cashless Economy: GD Topic – Best GD Topics


IS INDIA READY FOR CASHLESS ECONOMY INTRODUCTION Hey guys! Let’s discuss today if India is ready to be a cashless economy. Cashless transactions really came into effect after demonetization announced by PM in 2016. The historic decision illegalised 86% of cash overnight. This decision encouraged the market for companies like Paytm, and their finances have been increasing since the last couple of years. Though, it is easier to get your hands on the technology in urban areas, so is not the case when it comes to rural areas of the…

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Banking Scams in India: GD Topic – Best GD Topics


BANKING SCAMS IN INDIA INTRODUCTION The regulator of banks in India, Reserve Bank of India (RBI) defines banking scams as; “A deliberate act of omission or commission by any person, carried out in the course of banking transaction or in the books of accounts maintained manually or under computer system in banks, resulting into wrongful gain to any person for a temporary period or otherwise, with or without any monetary loss to the bank.”   There has been a vigorous growth in the banking sector since the liberalization of the…

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Plastic Money Merits and Demerits: GD Topic – Best GD Topics

PLASTIC MONEY MERITS AND DEMERITS INTRODUCTION Technology has changed the way we deal with the purchase of goods and services in daily life. Plastic Money is one of the most common reasons for it. Plastic money is also known as polymer money which was first introduced in the 1950s has reduced the risk of carrying huge cash. Plastic money can come in many different forms such as ATM cards, credit cards, debit cards, loyalty cards, prepaid cash cards, etc. and these cards can be used to make purchases in our…

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Is FDI good for Indian Economy: GD Topic – Best GD Topics


IS FDI GOOD FOR INDIAN ECONOMY INTRODUCTION India has liberalized its policy regime significantly since 1991. This liberalization has been accompanied by the growth of FDI in developing countries. Foreign direct investment in India has grown fairly after the implementation of the various government initiatives. What is FDI? FDI, in general, is a source of non-debt financial resource for economic development. Foreign investments are made in India as they are means of achieving technical know-how, resources, generating employment, etc. between advanced and developing countries. QUOTES “An investment in knowledge pays…

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