Demonetisation affects the economy through three different channels. It is potentially: An aggregate demand shock because it reduces the supply of money and affects private wealth, especially of those holding unaccounted money; An aggregate supply shock to the extent that economic activity relies on cash...
The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable...
Foreign direct investments are commonly categorized as being horizontal, vertical or conglomerate in nature. A horizontal direct investment : In this type of investment , investor establish the same type of business operation in the foreign countries as it operates in its home country. A vertical direct investment:...
It stands for a major technological breakthrough in India based on (i) improved seeds of high yielding varieties, (ii) adequate and assured supply of water for irrigation, and (iii) increased and appropriate application of chemical fertilizers for increasing agricultural production. White Revolution: It stands for remarkable increase in milk production...
Food is comprised of an array of chemicals, namely; proteins, fat, carbohydrates, vitamins, minerals and fibre which are required to sustain life. These constituents of food have nutritional value. We all expect food to be nutritious, wholesome, and safe. Absolute safe food is the one, which will not cause...
Jyoti Prasad Mukhopadhyay Existing literature on financial inclusion works with indices that use supply-side information on financial services and fail to capture demand-side information. These indices thus have a serious limitation: they might overestimate the extent of financial inclusion due to multiple bank accounts held by...
1. *Pradhan Mantri Jan Dhan Yojana (28 August 2014) :* To achieve 100% financial inclusion 22 crore bank accounts opened so far Slogan: _Mera Khata – Bhagya Vidhaata_ 2. *Deen Dayal Upadhyaya Antyodaya Yojana (25 September 2014):* To alleviate poverty through in rural & urban areas. Achieved through livelihood opportunities &...
Kisan Vikas Patra (KVP) is a saving instrument launched by the Government for individual savers, wherein invested money doubled during the maturity period. This savings scheme was first launched by the Government on 1 April, 1988 and was distributed through post offices. It was discontinued in 2011...
In September 2013, the Reserve Bank of India constituted a Committee headed by Dr. Nachiket Mor to study comprehensive financial services for small businesses and low income households. The objective of the Committee was to propose measures for achieving financial inclusion and increase access to...