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Aadhaar is a 12-digit unique identity number that can be obtained voluntarily by residents or passport holders of India, based on their biometric and demographic data.

The Members of Parliament Local Area Development Scheme (MPLAD) was launched on 23rd December in 1993 to enable Members of Parliament (MPs) to recommend development works in their constituencies with emphasis on the creation of durable community assets ba

The Lead Bank Scheme, introduced towards the end of 1969, envisages assignment of lead roles to individual banks (both in public sector and private sector) for the districts allotted to them A bank having a relatively large network of branches in the rur

The Certificate of deposit was first introduced in 1989 on the recommendation of the Vaghul Committee.

Banks Board Bureau (BBB) is an autonomous body of the Government of India tasked to Search and Select apposite personages for Board of Public Sector Banks, Mission Indradhanush for PSBs, Composition of Bank Board Bureau, Function of Bank Board Bureau, Iss

A promissory note, a note payable, is a legal instrument, Types of Promissory Notes, Importance of Promissory Notes, Student Loan Promissory Note, Real Estate Promissory Note, Personal Loan Promissory Notes, Commercial Promissory Note, Investment Promiss

A participatory note is an instrument issued by a registered foreign institutional investor (FII) to an overseas investor who wishes to invest in Indian stock markets without registering themselves with the market regulator, SEBI, Advantages, disadvantage

CRR is the percentage of money, which a bank has to keep with RBI in the form of cash.

A wholesale price index (WPI) is an index that measures and tracks the changes in the price of goods in the stages before the retail level. Published by the Office of Economic Adviser, Ministry of Commerce and Industry.

A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full face value.

Minor minerals are those which are prescribed by Mines and Minerals (Development and Regulation) Act, 1957 (section 3(e)) as being categorized as ‘minor minerals’. Any mineral which by the notification of the Central Government may declare to be a minor m

Mahatma Gandhi Employment Guarantee Act 2005 is an Indian labour law and social security measure that aims to guarantee the 'right to work'.

The Ministry of Skill Development and Entrepreneurship (earlier Department of Skill Development and Entrepreneurship, first created in July 2014) was set up in November 2014 to drive the ‘Skill India’ agenda in a ‘Mission Mode’.

Purchasing power parity is a measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries’ currencies.

Statutory liquidity ratio is the minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash, gold or other approved securities.

Organic farming is a type of agriculture or farming which avoids the use of synthetic fertilizers, pesticides, growth regulators, and livestock feed additives, Ecological and Economical benefits of Organic farming

 The Atal Pension Yojana (APY) was launched on May 2015 to create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganized sector. 

The Petroleum and Natural Gas Regulatory Board (PNGRB) is a statutory body, constituted under The Petroleum and Natural Gas Regulatory Board Act, 2006.

During 2001, Ministry of Commerce and Industry under Government of India launched the National Programme for Organic Production (NPOP) as first such quality assurance initiative for Organic products in India.

National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment

Sovereign Gold Bond Scheme was launched by Government in November 2015, under Gold Monetisation Scheme.

Government of India launched the Ujwal DISCOM Assurance Yojana (UDAY) in November 2015, to improve the financial health and operational efficiency of India’s debt-ridden power distribution companies (discoms). 

what is Foreign direct investment and how different it is from Foreign Portfolio Investment, Routes through which India gets FDI, Sectors that come under up to 100% Automatic Route' category, FDI prohibition

World Trade Organization (WTO)

An Appropriation Bill is a money bill that allows the government to withdraw funds from the Consolidated Fund of India to meet its expenses during a financial year.

Article 110 of the Constitution deals with the definition of money bills, definition, speciality

Prime Minister's Employment Generation Programme (PMEGP) is a central sector scheme administered by the Ministry of Micro, Small, and Medium Enterprises (MSME), objectives, eligibility

goods and services tax, GST COUNCIL, GST and Centre-State Financial Relations

currency swap operation, also known as a cross currency swap, the counterparties can hedge their exchange rate and interest rate risk and also reduce the cost of funding

What are the objectives of the Asian Clearing Union? When was the Asian Clearing Union established? Read to know more. For UPSC 2022