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Title: Basic Economics
Description: The notes gives a fair idea to beginners in Economics. Various terms have been defined and subtle differences in concepts are illustrated.
Description: The notes gives a fair idea to beginners in Economics. Various terms have been defined and subtle differences in concepts are illustrated.
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In sectors/activities with caps, including inter-alia defense production, air transport services, ground
handling services, asset reconstruction companies, private sector banking, broadcasting, commodity
exchanges, credit information companies, insurance, print media, telecommunications and satellites,
Government approval/FIPB approval would be required in all cases where:
5
...
1 FIPB comprises of the following Secretaries to the Government of India:
(i) Secretary to Government, Department of Economic Affairs, Ministry of Finance –
Chairperson
(ii) Secretary to Government, Department of Industrial Policy & Promotion, Ministry of
Commerce & Industry
(iii) Secretary to Government, Department of Commerce, Ministry of Commerce & Industry
(iv) Secretary to Government, Economic Relations, Ministry of External Affairs
(v) Secretary to Government, Ministry of Overseas Indian Affairs
...
1
...
5
...
2
...
2000 crore
...
2
...
2000 crore would be placed for consideration of Cabinet Committee on Economic
Affairs (CCEA)
...
2
...
7
...
b) Central Statistical office ( CSO )
c) National Sample Survey Organization (NSSO) d) Department of economic affairs
...
The Economic Survey is complied by Department of
economic affairs, Ministry of Finance
...
Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an
economy such as mining, electricity and manufacturing
...
It is compiled and published monthly by the Central Statistical Organisation (CSO) six
weeks after the reference month ends
...
Gross capital formation will increase if: 1
...
gross domestic
consumption increases 3
...
Gross capital formation, in simple terms is equivalent to investment made
...
The part of GDP that is used is called gross domestic consumption, while the
part that is saved is gross domestic savings (GDS)
...
Now, an increase in GDP or GDS will not necessarily lead to an
increase in capital formation
...
High courts do not have any original criminal jurisdiction and thus cases related to murders can
be taken to High court only as appeal
...
(b) Disputes relating to the election of members of Parliament and state legislatures
...
(d) Enforcement of
fundamental rights of citizens
...
5%
from 23% while keeping key policy rates unchanged in the monetary policy announcement on 3 June 2014
...
In monetary jargon, SLR is that percentage of net demand and
time liabilities (NDTL); in other words, bank deposits, that must be used to buy specified assets
...
The current SLR ratio of 22
...
100
deposited in a bank, it has to invest Rs
...
50 in any of the asset classes approved by RBI
...
RBI wants banks to hold a part of the money in
near cash so that they can meet any unexpected demand from depositors at short notice by selling the bonds
...
The
government borrows from the banks every year to bridge the fiscal deficit
...
Cash reserve ratio
CRR is a portion of the banks’ NDTL or deposits that need to be kept in their specified current accounts maintained
with RBI
...
The current CRR level is 4%
...
100 of deposit that
a bank holds, it keeps aside Rs
...
CRR, which is maintained on a fortnightly basis, is a tool that the central
bank uses to manage money supply and liquidity in the market
...
RBI reduces CRR if it needs to increase the money supply in the economy
...
A higher reserve requirement through, say, CRR and SLR, makes
banks’ deposits relatively safe but at the same time increases the effective cost of their funds
...
Lowering of reserve requirement increases the resources
available with a bank to lend
...
Banks don’t earn any returns from the money parked in the
form of CRR
...
·
·
CRR controls liquidity in economy while SLR regulates credit growth in the country
While banks themselves maintain SLR in liquid form, CRR is with RBI maintained as cash
...
The Economic Survey is complied by
Department of economic affairs, Ministry of Finance
...
·
·
Gross capital formation, in simple terms is equivalent to investment made
...
The part of GDP that is used is called gross domestic consumption, while the
part that is saved is gross domestic savings (GDS)
...
Now, an increase in GDP or GDS will not necessarily lead
to an increase in capital formation
...
GNP = GDP + NFIA
...
Thus India’s GDP is more than its GNP
...
·
effective revenue deficit, ERD = RD – Grants for capital formation
...
This equation makes it clear that
any increase in indirect taxes will increase the GDP at market prices
...
Debt instruments are
assets that require a fixed payment to the holder, usually with interest
...
Equity financing allows a
company to acquire funds (often for investment) without incurring debt, eg shares
Title: Basic Economics
Description: The notes gives a fair idea to beginners in Economics. Various terms have been defined and subtle differences in concepts are illustrated.
Description: The notes gives a fair idea to beginners in Economics. Various terms have been defined and subtle differences in concepts are illustrated.