The Reserve Bank of India’s latest move to cut the repo rate is more than a monetary adjustment—it’s a catalyst to spur growth, boost consumer confidence, and inject liquidity into the Indian economy.
The article is about the saving investment options available in India.
Banks are the backbone of India’s financial system, acting as vital intermediaries between savers and borrowers. They drive economic growth, promote financial inclusion, and support infrastructural development. India’s banking sector is diverse, comprising public sector banks, private sector banks, foreign banks, cooperative banks, regional rural banks, development banks, payments banks, and small finance banks—each serving unique financial needs. Regulated by the Reserve Bank of India (RBI), this dynamic system ensures stability, fosters innovation, and contributes to the nation’s overall progress.
Hey aspirants! Ready to dive into some interesting General Knowledge (GK) facts that might just give you an edge in
Established under Article 280 of the Constitution, the Finance Commission plays a crucial role in defining India’s fiscal federalism. From its first Chairman K.C. Niyogi in 1951 to the proposed 16th Commission, explore how this body helps balance financial powers between the Centre and States.
From the launch of the First Five Year Plan in 1951 to the transition into NITI Aayog in 2015, India’s economic planning has played a crucial role in shaping national development. This detailed summary covers all Five Year Plans, their priorities, successes, failures, and the formation of NITI Aayog—an essential read for aspirants of UPSC, SSC, Banking, and other competitive exams.
