Notes and Study material for Exams
A subsidy is a benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public. Direct Cash Transfer Scheme is a POVERTY reduction measure … Read more
Commercial mathematics Banking Banking can be defined literarily as the business activity of accepting and safeguarding Money owned by individuals and entities and release of the money whenever the needs arise by the owner. It is the business of managing money and where money is involved everything must be carefully assessed, valued and … Read more
The Current Account: A Vital Indicator of a Nation’s Economic Health The current account is a crucial component of a country’s balance of payments, reflecting its overall economic performance and international competitiveness. It tracks the flow of goods, services, income, and transfers between a nation and the rest of the world. Understanding the current account … Read more
Understanding Revenue Expenditure: A Comprehensive Guide Revenue expenditure, a fundamental concept in financial accounting, plays a crucial role in understanding a company’s financial health and performance. This article delves into the intricacies of revenue expenditure, exploring its definition, characteristics, examples, and its impact on financial statements. We will also examine its distinction from capital expenditure … Read more
The Rise of Payment Banks: A New Era in Financial Inclusion The financial landscape is constantly evolving, and one of the most significant developments in recent years has been the emergence of payment banks. These specialized banks, operating under a unique regulatory framework, are playing a crucial role in bridging the financial inclusion gap, particularly … Read more
Navigating the Legislative Landscape: A Comprehensive Guide to Types of Bills The legislative process, the cornerstone of democratic governance, involves the creation and enactment of laws. These laws, known as bills, are proposed pieces of legislation that, if passed, become binding rules and regulations governing society. Understanding the different types of bills is crucial for … Read more