What is market discipline?
In general, market discipline is defined as the transparency and disclosure of the risks associated with a business or entity. In case of banks, market discipline refers to the obligation by the banks and financial institutions to conduct business while considering the risks to their stakeholders in the passage of their day-to-day operations. Therefore, bank…
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Types of economies: Market, Command and Mixed Economies
We generally identify four different types of economies viz. market economy, command/Planned economy, mixed economy. and traditional economy. Let us examine here how these economies function. What is a market economy? A Market economy is an economy in which most goods and services are produced and distributed through free markets wherein the market determines investments,…
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What is capitalism?
Capitalism is an economic and political system in which private ownership controls the trade and industry of the country. In capitalism system the wealth is concentrated in the hands of a few people. The idea of these private owners is capital accumulation; make maximum profit without worrying about social constraints like unemployment, exploitation of labours…
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Interest rate for Small Savings Deposits: January 2019 to March 2019
The Finance Ministry in its notification had communicated that the rates of interest on various small savings schemes for the fourth quarter of the financial year 2018-19 starting 1st January 2019 to 31st March 2019. The interest rate for time deposits for the period 1 year to 3 years is made uniform 7.00% for the…
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Budget 2018: High lights for agriculture sector
Finance Minister Mr.Arun Jaitley, proposed following scheme for agriculture sector. The government will set up regulations to make sure that470 Agricultural Produce Market Committees are created and connected to the electronic platform of the National Agricultural Market (eNAM). The government is looking at working with NITI Aayog to set up an optimal farm price realisation…
Income tax calculation for the FY 2018-19
Key changes announced in the Union budget 2018 are as under For individuals below 60 years of age Standard deduction of Rs. 40,000 for salaried employees in lieu of transport and medical expenses Health and education cess has been increased to 4 per cent from earlier 3 per cent Surcharge of 10 % on income…
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