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disparities, slow capital formation, poor infrastructural development, an imperfect market, Lack of skilled manpower, outdated technology, corruption, and a backward society are the basic characteristics of the Indian economy.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…
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What is BBPOU under Bharat Bill Payment System
Updated on 01.03.2024 In supersession of earlier BBPS-related guidelines/circulars, the Reserve Bank of India issued a new direction on March 1, 2024. The earlier circular was suitably modified as under. BBPOUs are the System Participants in the Bharat Bill Payment System (BBPS) BBPS. A BBPOU may function either as a Biller Operating Unit or a…
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The growing popularity of commercial Cards Vs. Business cards
Commercial cards and Business cards are often mistaken for each other. These two cards may sound the same but are different in more ways than one. Let’s learn about their differences in this article. Corporates have many expenses apart from settling supplier invoices, and employee salary i.e., for travel, entertainment & employee engagement. Commercial cards…
What are Primary Market and Secondary markets?
(This post explains Initial Public Offer- Private Placement- Qualified institutional placement (QIP) -Preferential Issue – Rights and Bonus Issues, stock exchange, secondary market, and over-the-counter market) Types of Capital Issues in the Primary Market The primary market, also known as the new issue market, is that segment of the capital market where securities are issued…
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