Mridusmita

The RBI has put 10 Public Sector Banks under Prompt Corrective Action (PCA) since April 2017. Though the PCA framework has been in operation since December 2002, its guidelines were revised in April 2017. The banks that have been put under the RBI scanner are Corporation Bank, Oriental Bank of Commerce, Dena Bank, Central Bank of India, …

What is Prompt Corrective Action (PCA) for banks? Read More »

The Finance Minister Arun Jaitley presented the Union budget on 1st February. It was the last full budget of the Government before the 2019 Lok Sabha elections. With elections approaching, the budget was expected to be populist. The focus of this year’s budget is on agriculture and rural sector. (Read: What is Union Budget of India?) Highlights …

Highlights of the Budget 2018 – Economyria Read More »

The Government has outlined the details of the electoral bond scheme. The concept of the electoral bond was first mentioned in the budget speech for the year 2017-18 delivered on 1st February 2017 by Finance Minister Arun Jaitley. The scheme was proposed to increase transparency in political funding and cut down the flow of black money …

What is an electoral bond? How will it impact political funding? Read More »

The Finance Minister Nirmala Sitharaman will present the Union Budget for the year 2022-23 on 1st February 2022. This post explains the union budget of India and how it is prepared. What is Union Budget of India? The Union Budget of India is referred to as the Annual financial statement in the constitution. According to …

What is the Union Budget of India? How is it prepared? Read More »

The biggest challenge facing Indian economy is to provide employment to the youth. And the rigid labour regulations in India act as a deterrent to employment generation. As per the World Bank, India’s labour laws are among the most restrictive in the world. (1) India has to urgently reform its British colonial-era labour laws to …

Why are labour law reforms in India required? Read More »