Notes and Study material for Exams
The Insurance Regulatory and Development Authority (IRDAI): Shaping India’s Insurance Landscape The Insurance Regulatory and Development Authority of India (IRDAI) plays a pivotal role in shaping the Indian insurance sector, ensuring its stability, growth, and consumer protection. Established in 1999, IRDAI has been instrumental in transforming the insurance landscape, fostering competition, and promoting financial inclusion. … Read more
–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
Pradhan Mantri Suraksha Bima Yojana (PMSBY): Accessible Accidental Insurance for All Introduction In a world fraught with uncertainties, financial security is paramount. Accidents, unforeseen and often devastating, can leave individuals and families grappling with immense financial burdens. Recognizing this vulnerability, the Indian government launched the Pradhan Mantri Suraksha Bima Yojana (PMSBY) in 2015, a comprehensive … Read more
Consent Consent is an act of reason and deliberation. A person who possesses and exercises sufficient mental capacity to make an intelligent decision demonstrates consent by performing an act recommended by another. Consent assumes a physical power to act and a reflective, determined, and unencumbered exertion of these powers. It is an act … Read more
The following are subtopics of financial sector reforms: Banking sector reforms Insurance sector reforms Non-banking financial companies (NBFCs) reforms Payments and settlement systems reforms Financial literacy and inclusion reforms Regulatory reforms Supervisory reforms Corporate governance reforms Anti-MoneyMoney laundering and combating the financing of terrorism (AML/CFT) reforms Financial stability reforms Financial InfrastructureInfrastructure reforms Financial technology (FinTech) … Read more
Public/Private PARTNERSHIP In Health Care Services In India It is widely accepted that the deficiencies in public sector health system can only be overcome by significant reforms. The need for reforms in India’s Health sector has been emphasized by successive plan documents since the Eighth Five-Year Plan in 1992, by the 2002 national health policy … Read more
Pradhan Mantri Vaya Vandana Yojana (PMVVY): A Pension Scheme for Senior Citizens Introduction: India’s rapidly aging population presents a unique set of challenges and opportunities. As the number of senior citizens grows, ensuring their financial security and well-being becomes paramount. Recognizing this need, the Indian government launched the Pradhan Mantri Vaya Vandana Yojana (PMVVY) in … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Seed Seed is technically defined as ripened ovule containing embryo. Another definition says that the seed is a living embryo which is vital and basic input for attaining sustained Growth in agricultural production in different agro-climatic conditions. The embryo in the seed remains almost suspended for … 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
Debt and Investment in India: Current Status Debt status Government liabilities have been broadly classified as debt contracted against the Consolidated Fund of India (defined as Public Debt) and liabilities in the Public Account, called Other Liabilities. Public debt is further classified into internal and External Debt. Internal debt consists of marketable debt … Read more