Economy

What is Cash Reserve Ratio (CRR)?

Cash Reserve Ratio (CRR) RBI meaning, CRR rate: The Cash Reserve Ratio in India is decided by RBI's Monetary Policy Committee in the periodic Monetary and Credit Policy.
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What is Customs Duty?

Customs Duty definition: We shall look into its various aspects such as how Customs Duty is calculated, different categories that you need to be familiar with.

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What is Reverse Repo Rate?

Reverse Repo Rate definition: The Reverse Repo Rate is an important Monetary Policy tool used by the Reserve Bank of India (RBI) to control liquidity and inflation in the economy.

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What is Receipt Budget?

Receipt Budget meaning: The Receipt Budget is an extensive document prepared as a part of the Union Budget of India exercise to showcase the break-up of the government's receipts from various income s

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What is Securities Transaction Tax?

Securities Transaction Tax meaning: Securities Transaction Tax, also referred to as STT, is a tax that is levied on the purchase or sale of shares and other trade-able securities of the companies list

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What is Revenue Deficit?

Revenue Deficit definition: Revenue deficit arises when the government's revenue expenditure exceeds the total revenue receipts.

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What is Centrally Sponsored Scheme?

Centrally Sponsored Scheme meaning: The category of centrally sponsored schemes comprises programmes that have a national character or a regional character.

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What is Non Tax Revenue?

Non Tax Revenue definition: While taxation is a primary source of income for the government, it also earns some recurring income other than tax, which is called non-tax revenue.

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What is Non Debt Capital Receipts?

Non Debt Capital Receipts definition: Taxes and duties levied by the government form the biggest source of its income or receipts.

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What is Consolidated Fund of India?

The Consolidated Fund of India includes revenues, which are received by the government through taxes and expenses incurred in the form of borrowings and loans.

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What is Disinvestment?

Disinvestment in India meaning: Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets.

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What is Long Term Capital Gains Tax?

Long Term Capital Gains Tax meaning: Long Term Capital Gains Tax or LTCG Tax is the tax levied on the profit generated by an asset such as real estate and shares, which is held for a long time period.

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What is Repo Rate?

Repo Rate meaning: Repo Rate, or repurchase rate, is the key monetary policy rate of interest at which the central bank or the Reserve Bank of India (RBI) lends short term money to banks.

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What is Repo Linked Lending Rate (RLLR)?

Repo linked lending rate (RLLR): From October 1, 2019, all new floating rate personal or retail loans such as your car or home loans that are sanctioned by banks will have to be linked to external ben

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What is Wholesale Price Index (WPI)?

Wholesale Price Index meaning: WPI measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.

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What is Public Debt?

Public debt meaning: In the Indian context, public debt includes the total liabilities of the Union government that have to be paid from the Consolidated Fund of India.

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What is Finance Commission Grants & Other Transfers?

Finance Commission Grants & Other Transfers definition: The Finance Commission is a constitutional body set up by the President of India.

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What is Economic Survey?

Economic Survey, presented in the Parliament ahead of the Union Budget, is the Ministry of Finance's flagship document.

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What is State Finance Commission?

A State Finance Commission reviews the financial position of the panchayats in a state and makes recommendations to the Governor.

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What is Primary Deficit?

Primary Deficit is the difference between the current year's fiscal deficit and the interest paid on the borrowings of the previous year.

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What is Subsidy?

Subsidy refers to the discount given by the government to make available the essential items to the public at affordable prices.

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What is Capital Account?

Capital Account meaning with example: In the field of international trade and commerce, these two terms - current account and capital accounts - are widely used.

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What is Consumer Price Index (CPI) Inflation?

Consumer Price Index or CPI as it is commonly called is an index measuring retail inflation in the economy by collecting the change in prices of most common goods and services.

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What is Capital Expenditure?

Capital Expenditure meaning: The Union government defines capital expenditure as the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in share

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