Urjit Patel Committee was set up to give recommendations on revising and strengthening the monetary policy framework. This committee was set up... View Article
The Monetary Policy Committee is a statutory body. The Reserve Bank of India Act 1934 was amended by the Finance Act of 2016. The monetary policy... View Article
Currently, the 6 members of the Monetary Policy committee are Shaktikanta Das (Governor of RBI), Dr. Michael Debabrata Patra (Deputy Governor),... View Article
Societies and companies controlled and owned by residents, professionals or residents having 10 years of experience in finance and banking would... View Article
Small finance banks are governed by Banking Regulation Act 1949, Reserve Bank of India Act, 1934 and various other acts. Small finance banks can... View Article
A small finance bank cannot open its branches in any place like commercial banks, because in the initial 3 years 25% of their branches have to be... View Article
No, small finance banks cannot issue credit cards but they are allowed to issue debit cards.You can read about the Types of Banks in India -... View Article
Central Bank of India is known as the 1st swadeshi bank in India. It was established in 1911. The Reserve Bank of India was established in 1935.... View Article
The aim of the small finance bank is financial inclusion by providing basic banking services to the unorganized sector, micro small and medium... View Article
The 4 different types of banks are Central Bank, Commercial Bank, Cooperative Banks, Regional Rural Banks.You can read about the Types of Banks... View Article
Yes, small finance banks are safe as they are regulated by the Reserve Bank of India (RBI). The deposits in small finance banks are insured by... View Article
Societies and companies controlled and owned by residents, professionals or residents having 10 years of experience in finance and banking would... View Article
Commercial banks do not have restrictions on the customers that they need to serve, whereas the target customers of small finance banks are... View Article
Banks which provide basic banking activities like taking deposits, lending to unorganized entities, micro and small industries, small and... View Article
Citizens have to pay tax because the Government uses it to develop the country. Goods and Services Tax is an indirect tax. It was imposed after... View Article
Education and Healthcare services are exempt under GST. The GST imposed on all the services has a 4 tier tax structure of 5%, 12%, 18%, and 28%.... View Article
Goods and Services Tax (GST) has to be paid by persons registered under GST and required to pay tax under reverse charge mechanism, people... View Article
Following are the important causes of soil erosion: Higher intensity of rainfall and flooding causes rill erosion, gully erosion, sheet erosion... View Article
Landforms are features on the Earth's surface that make up the terrain, such as mountains, valleys, plains or plateaus. Landforms are formed by... View Article
Waterfall is an erosional landform. The running water in the river erodes the landscape. When the river tumbles at a steep angle over very hard... View Article
