The advancement of technology has come to us as God send opportunity to utilize and exploit the same to the best of welfare and progress of humanity in social and economic spheres at large. The innovative developments which are springing up in the age of technological globalization have provided vast space for the governments and multinational agencies, otherwise grappling to find a credible way out to deal with...
Social Media
Category: Economy
Pradhan Mantri Jan-Dhan Yojana (PMJDY)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings and Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. The objective of the scheme is to provide universal access to banking facilities with at least one basic banking account for every household.
Demonetisation to hamper growth in the short term with challenges in implementation
The Government of India’s recent move to demonetise old series Rs. 500 and Rs. 1,000 notes, which constituted about 86 per cent of the country’s total currency, aimed at ending the ghost economy, may actually hit the real economy in the coming months. The move is expected to have short term macroeconomic impacts of the cash crunch that include a temporary delay in consumption and investment, disrupted s...
Demonetisation to consolidate government finances and ride the tide of cashless payments & digital economy
Prime Minister Narendra Modi’s sudden announcement to demonetize Rs. 500 and Rs. 1,000 currency notes with effect from midnight of November 08-09, 2016, making these notes invalid is a major assault on black money, fake currency and corruption. Modi said the notes of Rs. 500 and Rs. 1,000, “will not be legal tender from midnight tonight” and these will be “just worthless piece of paper.” Reserve Bank of India (...
Heritage City Development and Augmentation Yojana (HRIDAY)
Heritage City Development and Augmentation Yojana (HRIDAY) is scheme of Urban Development Ministry launched with vision to realize the goal of holistic development of major heritage cities of India. The scheme aims to preserve and revitalize soul of the heritage city showcasing the unique character of the same by promoting aesthetic features, accessibility and safe and secured environment.
<...
Housing for All by 2022
Housing for All by 2022 scheme launched by the government of India is the government mission for providing housing facilities for urban areas consisting of 4041 statutory towns with initial focus on 500 Class I cities. The scheme aims at covering the all urban areas of India where housing facility is either is missing or deficient. The scheme is being implemented in three phases. The sc... Goods and Services Tax
India made a big leap forward on the road to reform as the legislation amending the Constitution to enable Goods and Services Tax (GST). It has become a Law with President Pranab Mukhejee giving his assent to the bill ratified by more than 50% State Assemblies subsequent to the Rajya Sabha and the Lok Sabha having voted to approve it. The 122nd Constitution Amendment (GST) Bill allows for introduction of GST that will subsume multiple indirect...
Atal Mission for Rejuvenation and Urban Transformation (AMRUT)
Atal Mission for Rejuvenation and Urban Transformation (AMRUT) is mission which seriously and effectively addresses basic services such as water supply, sewerage, urban transport to urban households in urban areas. It champions the cause of building amenities in cities for bettering the urban life; recognizes needs of raising the living standards of urban populace deprived of basic amenities as its foremost national priorities. The scheme laun...
India Improves Global Competitiveness
In the World Economic Forum’s (WEF) Global Competitiveness Index for 2016-17, India jumps 16 ranks to credible 39th place, after five years of decline; India has the highest rise among all economies. The Global Competitiveness Report 2016-17 assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity; and highlights that declin... “Sukanya Samriddhi Account” Programme
The government has launched the “Sukanya Samriddhi Account” programme-a small savings scheme, which carries the potential of having a far reaching effect on the lives and education of young girls across India. The scheme which aims at education and marriage expenses for the girl children when they grow up and see their world makes it easy for a parent or legal guardian to open an account in the name of the gi... |