Trade

World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).

[su_heading]World Bank[/su_heading] The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign Investment and promoting long-range balance Growth in international trade. The World Bank was established in December 1945 … Read more

Balance of payments and Devaluation

Balance of Payments is a systematic record of all economic transactions undertaken by residents of one country i.e. households, firms and the government with their counterparts in rest of the world. It consists of: 1. Current Account, 2. Capital Account and 3. Reserve Account. The Current Account covers transactions in goods and Services and transfers … Read more

India relations with European Union

India relations with European Union The 1994 EU-India Cooperation Agreement provides the legal framework for EU-India relations. Since 2000, regular Summits have boosted political, economic and sectorial cooperation underpinned by the formation of the EU-India Strategic PARTNERSHIP in 2004. At the 14th EU-India Summit, held in New Delhi on 6 October 2017, the President of … Read more

India’s role in BRICS

India’s role in BRICS BRICS is an acronym for Brazil, Russia, India, China and South Africa – five emerging nations that formed an alliance­ for economic and social development. The commonality between them is that they are all newly industrialised and aiming for maximum trade and development. Together, BRICS accounts for about 40% of the … Read more

Contemporary Legal issues: Right to information, Information technology law including cyber laws (concepts, purpose, prospects), Intellectual Property Rights (concepts, types, purpose, prospects)

Contemporary Legal issues: Right To Information India always took pride in being the largest Democracy, but with the passing of the Right to information act in 2005, it has also become an accountable, interactive and participatory democracy. This right has catapulted the Indian citizen on a pedestal from where he can take stock of administrative … Read more

Financial and Banking sector reforms

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

Composition and direction of India’s trade; Balance of payment problem

Balance of Payments is a systematic record of all economic transactions undertaken by residents of one country i.e. households, firms and the government with their counterparts in rest of the world. It consists of: 1. Current Account, 2. Capital Account and 3. Reserve Account. The Current Account covers transactions in goods and Services and transfers … Read more

Industrial Economy: Policy Initiative & charges

The Indian Government had undertaken Industrial Policy reforms since 1980, but the most radical reforms have occurred since 1991, after the severe economic crisis in fiscal year 1990-91. These reforms mainly aimed at enhancing the efficiency and international competitiveness in Liberalization would boost the entrepreneurial skills in the economy. 4.Pruning/de reservatioin of Industries for the … Read more

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