Notes and Study material for Exams
The Banking System at the time of independence was largely urban oriented and remained out of reach of rural Population. Commercial Banks mostly confined their lending to trade, commerce and Industry and treated agriculture as a non priority. Security- oriented lending was the order of the day. Banks did not pay any attention to the … Read more
Mineral Resources : Iron-Ore: India possesses high quality iron-ore in abundance. The total reserves of iron-ore in the country are about 14.630 million tonnes of haematite and 10,619 million tonnes of magnetite. Haematite iron is mainly found in Chbattisgarh, Jharkhand, Odisha, Goa and Karnataka. The major deposit of magnetite iron is available at western coast … Read more
Personnel Law Human resource managers in the twenty-first century are faced with an unprecedented intrusion of law into the workplace. The recent rise in EMPLOYMENT litigation and heightened awareness of employee rights in the last decade should signal to management that now more than ever, educating personnel executives in the trends and developments of employment … Read more
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
Code of ethics Ethics codes are as old as antiquity. Religious traditions and civic cultures have codes as their foundations. The Mosaic Decalogue (Ten Commandments) is the keystone for Judaism, Islam and Christianity. Pericles made the Athenian code the underpinning of ancient Greek politics and culture. In each case codes carry general obligations … Read more
Auditing Auditing is the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements. An audit can apply to an entire organization or might be specific to a function, process, or production step. Meaning of Auditing: Auditing is an examination of the books of accounts and … Read more
The G7 is a group of seven major industrialized democracies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The G7 was founded in 1975 as the G6, with the addition of Canada in 1976. The G7 meets annually to discuss economic and political issues of common interest. The G7 has been … Read more
Part 1: UDAY: Powering India’s Electricity Distribution Sector Introduction India’s electricity distribution sector has long been plagued by financial distress, characterized by mounting losses, inefficient operations, and a lack of investment. This has resulted in unreliable power supply, particularly in rural areas, and hindered the country’s economic growth. Recognizing the urgency of addressing this critical … Read more
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 but does not include any institution whose principal business … Read more