Economyria Explainer

The Financial Resolution and Deposit Insurance (FRDI) Bill is likely to be debated in the winter session of Parliament which begins on December 15, 2017. Currently, the bill is pending before a Standing Committee of Parliament. This article explains the FRDI bill which has created a lot of unnecessary controversies. Background of the FRDI Bill India …

FRDI bill: the risk to your deposit will be no more than what it is today Read More »

World Trade Organisation (WTO) is an international organization with 164 member countries and headquarters in Geneva, Switzerland The primary purpose of WTO is to reduce trade barriers between nations. The agreements negotiated and signed by the member countries are an integral part of WTO. These agreements deal with global rules of trade between member countries. …

WTO: Meaning, Origin, Objective, Principles & Organisational Structure Read More »

According to a report from the Ministry of Skill Development and Entrepreneurship, as opposed to developed countries, where the percentage of the skilled workforce is between 60% and 90% of the total workforce, India records an abysmal 4.69% of the workforce with formal vocational skills. There is a huge discrepancy between education, skill training and …

Details of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Read More »

India’s exports declined by 1.1% in October to $23.1 billion and are expected to fall further in November.  The last time exports growth fell into the negative category was in July 2016. This dip has been attributed to the transition to Goods and Services Tax (GST). (Read: Goods and Services Tax Explained) The exporters are facing …

Impact of GST on Exports – Working Capital stuck as refunds delayed Read More »

Update on 2/1/2014: The Government of India has constituted the 16th Finance Commission and appointed Arvind Panegriya as the Chairman. The commission will submit recommendations for the five-year period (2026-27 to 2030-31) (You may also read: NITI Aayog replaces Planning Commission) What is Finance Commission? It is a quasi-judicial body set up under Article 280 …

Explained: Finance Commission and its functions Read More »