Role and Functions of Reserve Bank of India

Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more

Revolt of 1857: first war of indian independence

The Great Revolt of 1857 (also Indian rebellion of 1857, the Great uprising of 1857, the Great rebellion, Indian Sepoy mutiny) is regarded as India’s First War of Independence against the British rule. It was the most remarkable single event in the history of India after the establishment of British rule. It was the result of … Read more

Economic Terms

Depository Receipt

A depositary receipt (DR) is a type of negotiable (transferable) financial security that is traded on a local stock exchange but represents a security, usually in the form of equity, that is issued by a foreign publicly listed company. The DR, which is a physical certificate, allows investors to hold shares in equity of other countries. One of the most common types of DRs is the American depositary receipt (ADR), which has been offering companies, investors and traders global investment opportunities since the 1920s.

services sector

Probable questions:

What is the contribution of services sector to India’s economy?
Do you think India is over-tertiarised?

Public Economics

Public Economics

Study of economic efficiency, distribution and government economic policy.

Developed out of the original political economy of JS Mill and David Ricardo. It is a very important branch of economics because of the foundation it provides for practical policy analysis.

POVERTY

Following elements mainly affect the magnitude of the poverty ration
- The nutrition norm in the base year
- Price deflator used to update the poverty line
- Pro rata adjustment in the number of households in different expenditure classes to determine the number of households below and above poverty line.
Agricultural wage earners, small and marginal farmers and casual workers engaged in non-agricultural activities constitute the bulk of the rural poor

Planning in India

Subsidies or Cash Transfers?

Economy Notes

Contents

India under the British Rule. 2

Inflation in India. 6

Monetary Policy of India. 6

Money Market. 13

CPI

The Central Statistics Office (CSO) of the Ministry of Statistics & Programme Implementation announced that the new series of Consumer Price Index(CPI) numbers for Rural, Urban and Combined (Rural +Urban) on base 2010 ( January to December)=100 taking all segments of rural and urban population for the month of January, 2011 will be released by the Central Statistics Office for the States/UTs and all- India on 18th February, 2011.These indices will be available for five major groups namely Food, beverages and tobacco; Fuel and light; Housing; Clothing, bedding and footwear, and Miscellaneous.