INTRODUCTION Banks undertake foreign exchange transactions for their customers. Foreign exchange is associated with foreign trade. The traders in the foreign exchange market (Authorized Dealers/brokers) rely on the two basic forms of analysis viz. fundamental analysis and … [Read more...] about FOREX ARITHMETIC
PRIORITY SECTOR LENDING (Targets & Classification 2022)
The concept of ‘Priority sector lending’ focuses on the idea of directing the lending of the banks toward a few specified sectors and activities in the economy. The term ‘priority sector’ indicates those activities which have national importance and have been assigned priority … [Read more...] about PRIORITY SECTOR LENDING (Targets & Classification 2022)
NATIONAL RURAL LIVELIHOODS MISSION (NRLM)
Government of India launched Swarnjayanti Gram Swarozgar Yojana (SGSY) scheme after restructuring the Integrated Rural Development Programme (IRDP) from April 1, 1999 in the rural area of the country. SGSY was effective up to 31st March 2013. The Ministry of Rural Development, … [Read more...] about NATIONAL RURAL LIVELIHOODS MISSION (NRLM)
CONSUMER PROTECTION ACT 2019
The Consumer Protection Act has been enacted for the purpose of providing timely and effective administration and settlement of consumer disputes and related matters. The Government instead of bringing an amendment in the 1986 Act, enacted a new Act altogether so as to provide … [Read more...] about CONSUMER PROTECTION ACT 2019
PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (P M E G P)
PMEGP is a new MSME Scheme of Govt. of India by merging REGP and PMRY scheme launched on 04-04-2008. State Khadi & V.I. Board and District Industries Centre of State Government have also been associated in implementation of the programme. Special Package of subsidy to promote … [Read more...] about PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (P M E G P)