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Economy

Economy related CA. For Banking there is different Section

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Can consumption spur revives Indian economy?

Introduction:- Recently released GDP data of the government allows a meagre 4.5% growth in the second quarter of the 2019-2020 fiscal year. The underlying reasons have been largely pointed out by several sources as demand, a create unorganized sector, etc. Consumption and demand in Indian economy As shown in the basic economic textbook, demand remains […]

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Effect of Fiscal Consolidation on Aggregate Demand and GDP

Fiscal Consolidation means policy undertaken by government to reduce its Fiscal/Revenue Deficit. Without going into technicality of Fiscal and revenue deficit, we can say that deficit is difference between what a government spend and what a government earned. Government can practice Fiscal consolidation either by reducing their expenditure (outflow of money) or by increase their

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What are Micro Finance Institutions (MFI)

According to the World Bank report close to 1.4 billion people in the different countries don’t have access to the financial service and that’s where Micro-financial Institution play a major role. Goals of MFI’s: Assists the development of community which follow sustainable development. Providing resources to lower section of the society. Evaluation of option to

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What are key roles of Final Action Task Force ?

Financial action task force was established In 1989 by G.7 countries submit in Paris to curb the money laundering, later on, it expanded its mandate by adding to combating against terror financing. The objective of FATF:- Curb money laundering Combat against terror financing Maintain the integrity of the financial system. Role of FATF:- It provided

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What is Development Finance Institution?

 Development Finance Institution (DFI) :- A DFI also known as a development bank or development finance company is a financial institution that provides risk capital for economic development project on non-commercial basis. Difference between DFI & Commercial Banks :- DFIS Commercial Bank Provide long term capital to productive sectors like infrastructure. Provide financial assistance or

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National Payments Corporation of India (NPCI)

In this article journey and achievement of NPCI has been explained in very succinct manner. This explanation is enough for any competitive exam. For more detail  you may refer the official website of NPCI. About NPCI National Payments Corporation of India (NPCI) is an umbrella organisation for retail payment systems in the country. Set-up under the

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