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Daily Archives: July 30, 2019

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The Consumer Protection Bill, 2019 passed in Lok Sabha

Legal and Regulatory aspects of bankingBy Surendra NaikJuly 30, 2019

The Consumer Protection Bill, 2019 was passed in Lok Sabha on Tuesday July 30, 2019. The Bill proposes setting up of the Consumer Disputes Redressal Commission (CCPA) and forums at the District, State and National levels for adjudicating consumer complaints. The above Bill once becomes law (after passing in Rajya Sabha and President of India’s…

What is the meaning of economic growth?

Indian Financial SystemBy Surendra NaikJuly 30, 2019

Economic growth is an increase in the production of economic goods and services per head of the population over a specific period. It can be measured in nominal or real (adjusted for inflation) terms to be more accurate. Economists and statisticians use different methods such as Gross national product (GNP) and Gross Domestic Product (GDP)…

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