Credit Card: Now Choice is yours to opt for a particular network
RBI today issued a new direction to the card-issuing Authorised Payment System Providers / Participants (Banks and Non-banks) that they shall provide an option to their eligible customers to choose from multiple card networks at the time of issue. “For existing cardholders, this option may be provided at the time of the next renewal,” the…
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Structural Change in Indian Economy
The term “structural change” refers to the major changes in the relative importance of the main sectors of an economy (agriculture, industry, services, and so on) in the course of economic growth. Structural change has often been defined as a process by which the transfer of economic benefits is evidenced in terms of major changes…
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Basic Characteristics of Indian Economy
Low per capita real income, high rate of population growth, the cycle of poverty, an agro-based economy, income disparities, slow capital formation, poor infrastructural development, an imperfect market, Lack of skilled manpower, outdated technology, corruption, and a backward society are the basic characteristics of the Indian economy. Per Capita income: India is universally known as…
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Indian Economy: Pre-British Period, before and after 2008
Before the advent of British colonial rule, India had the ruled by Mughals, Marathas, Local kings, and Nawabs in different parts of India. The economy was largely rural but was independent and self-sustaining. Agriculture was the main source of livelihood for most people in India. Those days agricultural cultivation was mainly for consumption purposes and…
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Evolution of Indian economy
Agriculture was the chief source of livelihood for most people in India, before the advent of British rule. India was also a hub of various kinds of manufacturing activities, particularly well known for its handicraft industries in the fields of cotton and silk textiles metal and precious stone works, etc. Indian products had a worldwide…
NFO in Mutual Funds and their importance
NFO is an acronym for New Fund Offer. An Asset Management Company (AMC) may launch a new Mutual Fund scheme offering subscriptions to the public. Such a new mutual fund offer is known as NFO. The AMC issues NFO shares to raise capital for purchasing securities. As per SEBI regulations, a new fund offering can…
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