The Doklam Issue

On July 12, China signalled its intent to end the standoff between Indian and Chinese troops in the Dokalam area at an early date, if Indian forces withdraw to what it called the “Indian side of the boundary”. The standoff has been continuing since first week of June 2017, adding tension to the Sino-Indian relations. 

Non Aligned Movement, Panchsheel, Look East Policy, Gujral Doctrine

The Non-Aligned Movement The Non-Aligned Movement (NAM) is a group of states that are not formally aligned with or against any major power bloc(USA OR Soviet Union). As of 2012, the movement has 120 members. The founding fathers of the Non-Aligned Movement were  Josip Broz Tito of Socialist Yugoslavia,  Jawaharlal Nehruof India,  Sukarno of Indonesia, Gamal Abdul Nasserof Egypt and  Kwame

India-Israel Relations

India formally recognised Israel on September 17, 1950. Soon thereafter, the Jewish Agency established an immigration office in Bombay. This was later converted into a Trade Office and subsequently into a Consulate. Embassies were opened in 1992 when full diplomatic relations were established Since the upgradation of relations in 1992, defence and agriculture have been the

Israel-Palestina Conflict

The Israel-Palestine conflict – often referred as the ‘world’s most intractable conflict’ – is rooted in a dispute over land claimed by Jews as their biblical birthright and by the Palestinians, who seek self-determination. Despite repeated attempts to end the conflict between the two countries, there is no peace settlement in sight. The History of Israel-Palestine Conflict Jews

Fiscal Responsibility and Budget Management (FRBM)Act

Fiscal Responsibility and Budget Management Act FRBM became an Act in 2003. The objective of the Act is to ensure inter-generational equity in fiscal management, long run macroeconomic stability, better coordination between fiscal and monetary policy, and transparency in fiscal operation of the Government. The Government notified FRBM rules in July 2004 to specify the

Monetary Policy Committee

Monetary Policy Committee The Monetary Policy Committee (MPC) is the body of the RBI, headed by the Governor, responsible for taking the important monetary policy decision about setting the repo rate. Repo rate is ‘the policy instrument’ in monetary policy that helps to realize the set inflation target by the RBI (at present 4%). The

Agricultural Produce Market Committee (APMC) Act

Agricultural Produce Market Committee (APMC) Act   Agricultural Produce Market Committee (APMC) is a statutory market committee constituted by a State Government in respect of trade in certain notified agricultural or horticultural or livestock products, under the Agricultural Produce Market Committee Act issued by that state government. There are about 2477 principal regulated markets based

Repo Ratios

Repo Rate When we need money, we take loans from banks. And banks charge certain interest rate on these loans. This is called as cost of credit (the rate at which we borrow the money). Similarly, when banks need money they approach RBI. The rate at which banks borrow money from the RBI by selling

Reserve Ratios(CRR and SLR), Money Multiplier

Definition: Also known as Cash Reserve Ratio, it is the percentage of deposits which commercial banks are required to keep as cash according to the directions of the central bank, with the central bank, and not within their own banks. Description: The reserve ratio is an important tool of the monetary policy of an economy and plays

FSLRC,FSDC

Financial Sector Legislative Reforms Commission Financial Sector Legislative Reforms Commission(FSLRC) was set up by the Indian Government in pursuance of the announcement made in Union Budget 2010-11, to help rewriting and harmonizing the financial sector legislation, rules and regulations so as to address the contemporaneous requirements of the sector. The resolution notifying the FSLRC was issued on March 24,

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