Economy

Announcements of Union Budget 2018-19: Download PDF Summary

Union Budget 2018-19 Summary Download PDF

Finance Minister Arun Jaitley presented the Union Budget 2018-19 for financial year 2018-19, highlighting the government’s economic reforms undertaken in the last four years and its achievements. This year’s Budget was focussed on strengthening agriculture and rural economy. Finance Minister promised that government with Niti Aayog will also devise mechanism to ensure that the farmers get …

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Economic Survey 2017: Highlights, Download PDF English/Hindi

The Economic Survey for 2016-17, tabled in the Parliament by Finance Minister Arun Jaitley during the first day of the budget session, underlined the need for more reforms. The survey has been prepared by chief economic adviser Arvind Subramanian. Structurally, the Survey is divided into three sections: The Perspective, The Proximate, and The Persistent. Section …

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Payment Banks

In a bid to promote financial inclusion the Union government has come up with ideas like Payment Banks & Small Banks. The RBI has recently granted ‘in principle’ approval for payment banks to 11 entities, including big names like Reliance Industries, Aditya Birla Nuvo and Tech Mahindra, as also Airtel and Vodafone. What is Payment Bank? Payment …

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