Economy Notes

Contents

India under the British Rule. 2

Inflation in India. 6

Monetary Policy of India. 6

Money Market. 13

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MONETARY POLICIES

Monetary Policies Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price … Read more MONETARY POLICIES

Financial Inclusion

Financial Inclusion Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Government of India has launched an innovative scheme of Jan Dhan Yojna for Financial Inclusion to provide … Read more Financial Inclusion

08.06.18 Uttarakhand (UKPCS) Current Affairs

UTTARAKHAND   Govt mulls to cover all staff under u-health   The State Government is contemplating to provide the benefit of comprehensive and revised U-health card system to all its employees from August 15 this year. Different employee organisations are demanding for long that the comprehensive health insurance cover, the U-health card should be made … Read more 08.06.18 Uttarakhand (UKPCS) Current Affairs

27.08.2017 Uttarakhand (UKPCS) Current Affairs

Uttarakhand   Uttarakhand government likely to bid for Sahara land in Haridwar   With an eye to expand its land pool in Haridwar, the Uttarakhand government is planning to explore possibilities of buying a land parcel of over 80 acres (reported to be worth around Rs 223 crore) which is owned by the Subrata Roy-led … Read more 27.08.2017 Uttarakhand (UKPCS) Current Affairs

28.11.17 Uttarakhand (UKPCS) Current Affairs

UTTARAKHAND   Clinical establishment act on paper only   Absence of enforcement of Clinical Establishment Act in Uttarakhand has exposed the people of the State to the exploitation by the private clinics and hospitals.   In an attempt to rein in the private clinics and hospitals, the State Government implemented the Clinical Establish Act in … Read more 28.11.17 Uttarakhand (UKPCS) Current Affairs

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 Role and Functions of Reserve Bank of India

18.02.18 Uttarakhand (UKPCS) Current Affairs

UTTARAKHAND   Per capita income in Uttarakhand expected to rise, growth rate slips   The per capita income of Uttarakhand is expected to rise to Rs 1,77,356 in financial year 2017-18 from Rs 1,61,102 in 2016-17 marking an increase of Rs 16, 254 as per data prepared by the State Directorate of Economics and Statistics which was released on Saturday. As … Read more 18.02.18 Uttarakhand (UKPCS) Current Affairs

Services

Current Status It is the largest and fastest growing sector globally contributing to the global output and employing more people than any other sector Why has services sector grown? Increase in urbanisation, privatisation and more demand for intermediate and final consumer services Availability of quality services is vital for the well being of the economy … Read more Services

REGULATORY GOVERNANCE      

Regulation refers to “controlling human or societal behaviour by rules or regulations or alternatively a rule or order issued by an executive authority or regulatory agency of a government and having the force of law”. Regulation covers all activities of private or public behaviour that may be detrimental to societal or governmental interest but its … Read more REGULATORY GOVERNANCE