Monetary Policy Transmission

The Labyrinth of Monetary Policy Transmission: How Central Banks Shape the Economy Central banks, the guardians of a nation’s financial system, wield a powerful tool: monetary policy. Through adjusting interest rates, managing the money supply, and influencing credit conditions, they aim to steer the economy towards desired goals like stable prices and sustainable growth. But … Read more

Atal Pension Yojana (APY): Building a Retirement Safety Net for the Informal Sector

Atal Pension Yojana (APY): Building a Retirement Safety Net for the Informal Sector Introduction India’s informal sector, encompassing a vast majority of the workforce, faces a stark reality: the lack of a secure retirement plan. This segment, comprising street vendors, farmers, construction workers, and countless others, often works in precarious conditions with little or no … Read more

Statutory Grants

Statutory Grants: A Comprehensive Guide to Government Funding Statutory grants are a vital source of funding for various organizations, including non-profits, local governments, and educational institutions. These grants are awarded based on specific legislation, ensuring a consistent and predictable flow of funds for designated purposes. This article delves into the intricacies of statutory grants, providing … Read more

Inclusive Growth

Inclusive Growth: A Path Towards Shared Prosperity The concept of “growth” has long been a cornerstone of economic policy, often measured by metrics like GDP growth. However, in recent years, a growing awareness has emerged that simply focusing on aggregate economic expansion is insufficient. The need for inclusive growth, a model that prioritizes equitable distribution … Read more

RAS MAINS REVISION: Part III Auditing and Accounting

RAS MAINS REVISION: Part III Auditing and Accounting Social Audit:    It is a tool through which government department can plan, manage and measure non-financial activities and monitor both internal and external consequences of the department social and commercial operation. OR Social Audit is an independent evaluation of the performance of an organisation as it relates … Read more

Grants to Local Governments

Grants to Local Governments: A Vital Lifeline for Communities Local governments play a crucial role in providing essential services to their residents, ranging from public safety and infrastructure to education and social welfare. However, these services often come with significant financial burdens, especially in the face of limited tax revenue and increasing demands. Grants from … Read more

Budgetry Reforms

 BUDGETARY REFORMS     Government bodies raise Money by imposing taxes on citizens and then use those funds to pursue various programs such as Education, defence,

Non Banking Financial Institutions

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Non-Banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of Shares, stock, Bonds hire-purchase insurance business or chit business … Read more

Development Administration

Development is the end result of Public Administration. The paradigm of development is depending on the nature of government and its policies. It may be ideologically driven or ethically motivated. It strips off the orthodox structuralism of public administration as put forward by classical Administrative theorists and attempts to cater the emerging need of a … Read more

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