Economy NOtes

The government’s policy on disinvestment and privatization has evolved since the initiation of reforms in 1991. Key elements of this policy

The concepts of disinvestment and privatization have been integral to India’s economic reforms. Here are the key definitions and considerations

The evolution, reforms, and performance of the public sector constitute a pivotal aspect of modern governance, shaping the trajectory of nations and impacting the lives of their citizens.

The National Payments Corporation of India (NPCI) was established through collaboration between the Reserve Bank of India

The Cash Reserve Ratio (CRR) mandates commercial banks to maintain a minimum percentage of their total deposits, known as Net Demand and Time Liabilities

Microfinance refers to the provision of financial services, such as credit and insurance, in small amounts to individuals in rural

Priority Sector Lending (PSL) is a crucial aspect of banking and financial policy aimed at fostering inclusive growth and equitable distribution

A bank run occurs when a large number of customers lose confidence in a bank’s financial stability, leading them to withdraw their deposits simultaneously.

Universal banking refers to a banking model that offers a comprehensive range of financial services, including retail, wholesale, and investment banking, all under one roof.

Shadow banks refer to financial institutions that perform functions similar to traditional banks, such as raising deposits, issuing equity, and lending to investors and consumers