rate of interest

Economic reforms in india New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, stress has been laid upon the use of latest technology. A great reduction has been effected in the role of the public sector.  Efforts have been made to encourage foreign investment. Investment decision by companies has been facilitated by ending restrictions imposed ... Read more

Budgetary Deficit Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the treasury bills issued by the RBI and drawing down of cash balances kept with the RBI. The budgetary deficit was called deficit financing by the government of India. This deficit adds to money supply in the economy and, therefore, it can be a major cause of inflationary rise in prices. Budgetary Deficit of central government of India was Rs. 2,576 crores in 1980-81, it went up to Rs. 11,347 crores in 1990-91 ... Read more

CHHATTISGARH Chhattisgarh government reduces interest on loan under Saksham Yojna   Chhattisgarh State Government has reduced the rate of interest on loan given to women and their self-help groups (SHGs) under ‘Saksham Yojna’from 6.5 percent to 5 percent. Saksham Yojana too is operated by Chhattisgarh Mahila Kosh, under which loans to the tune of Rs 72 lakh had been distributed to about 111 SHGs during the current fiscal year 2017-18.     INTERNATIONAL   ·       India, Brazil, South Africa sign IBSA Trust Fund agreement   India, Brazil and South Africa (IBSA) have signed the IBSA Trust Fund Agreement that seeks to fight ... Read more