Role and Functions of Reserve Bank of India

Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more

Poverty and Unemployment

Assessment of the growth experience: Poverty and Unemployment Poverty and unemployment are closely related High poverty has a multiplier effect on quality of life, deprivation, malnutrition, illiteracy and low human resource development. Poverty Poverty lines Normative nutritional requirement per person per day at some base point. This is debated 2400 cal (rural), 2100 cal (urban) … Read more

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