THE UNION BUDGET 2021 Highlights

THE UNION BUDGET 2021 INTRODUCTION The government budget is an annual statement of estimated expenditure and expected revenue for the upcoming fiscal year. On 1st February 2021, Finance minister Nirmala Sitharaman presented the Annual Union Budget for the financial year 2021-2022. This budget will be applicable from 1 April 2021 to 31 March 2022. It was the first digital budget. Soft copies of the budget are distributed to everyone. Like every year this year budget is also of Fiscal Deficit type. QUOTES The budget is not just a collection of…

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

IS FDI GOOD FOR INDIA

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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Kya Mutual Funds Sahi Hai?

which mutual fund to invest

Kya Mutual Funds Sahi Hai? INTRODUCTION If you want to build your house you have two options one you can do it on your own. For that, you have to do market research about the cost and quality of the material required for construction. Then you have to deal with workers personally and spend much time on the entire process. But the second option is you can hire a professional who will do all your work and you just have to follow his directions. For the second option, you will…

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Yes Bank NPA Recovery

yes bank npa companies

Yes Bank NPA Issue INTRODUCTION Non-Performing Asset (NPA) can be described as a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. NPAs can be classified into three categories based on the length of time overdue and the probability of repayment: substandard asset, doubtful asset or loss asset. With the increase of NPA the ability of banks to lend more funds reduces. Increased incidence of NPAs badly affects on the economy of the country. QUOTES “A bank is a place where…

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Banking Scams in India: GD Topic – Best GD Topics

BANKING SCAMS IN INDIA

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

IS INDIA READY FOR CASHLESS ECONOMY 1

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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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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