Economy Booster

 calculation of interest on/in savings account, fixed deposit account and recurring deposit account Saving account Interest rate calculation Formula  Daily interest = Amount (Daily balance) * Interest (3.5/100) / days in the year. Earlier method of interest rate calculation   Earlier, banks would pay interest at the rate of 3.5% p.a. on the … Read more

 Issues related to Deprived Class Education The concept of Deprived/ Marginalized Groups   is generally used to analyse socioeconomic, political, and cultural spheres, where disadvantaged people struggle to gain access to resources and full participation in social life. In other words, marginalized people might be socially, economically, politically and legally ignored, excluded, or neglected, … Read more

 (GDP) and Employment Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, industry and services. Agriculture includes crops, horticulture, milk and animal husbandry, aquaculture, fishing, sericulture, aviculture, forestry and related activities. Industry includes various manufacturing sub-sectors. India's definition of services sector includes its construction, retail, software, IT, communications, hospitality, … Read more

 Indian telecom industry with brief history India’s telecommunication network is the second largest in the world by number of telephone users (both fixed and mobile phone) with 1.153 billion subscribers as on 31 May 2018. It has one of the lowest call tariffs in the world enabled by mega telecom operators and hyper-competition … Read more

 Alternative policy initiatives in agricultural marketing More than three-fifths of India’s population draws their livelihood from agriculture that adds just one-fifth to its GDP. There should be obvious serious concerns about efficient functioning of this sector both in terms of its output / productivity and its marketing. While output and productivity are supply … Read more

   is the exchange of one currency for another or the conversion of one currency into another currency. also refers to the global market where currencies are traded virtually around the clock. transactions encompass everything from the conversion of currencies by a traveler at an airport kiosk to billion-dollar payments made by corporations, financial … Read more

 calculation of interest on/in savings account, fixed deposit account and recurring deposit account Saving account Interest rate calculation Formula  Daily interest = Amount (Daily balance) * Interest (3.5/100) / days in the year. Earlier method of interest rate calculation   Earlier, banks would pay interest at the rate of 3.5% p.a. on the … Read more

   Iron and Steel Industry:   Pig Iron Pig iron is the intermediate product of smelting of iron ore with a high-carbon fuel such as coke and charcoal and is the basic raw material in Foundry and Casting Industry for the manufacture of various types of castings required for … Read more

 Role of trade unions Although trade unions look after the interests of their members, they also recognise the advantages of working in partnership with employers. This is because a successful, profitable business is good for workers and therefore good for the union and its members. f you recognise a trade union in your … Read more

Fiscal Responsibility and Budget Management Act The FRBM Act 2003 in its amended form was passed by the government to bring fiscal discipline and to implement a prudent fiscal policy. High fiscal deficit was the one major macroeconomic problem faced by Indian economy around 2000. It was argued that high deficits lead to inflation, reduces … Read more