Revenue expenditure and capital expenditure are the two types of 'Public Expenditure' which is incurred by the Government on various activities for the welfare of the people and also for
National Institution for Transforming India (NITI) Aayog is a policy think tank of the Government of India that provides critical, directional and strategic input into the country's developmental process. It
The Lewis Growth Model speaks of structural changes in the economy and is based on the use of an unlimited supply of labour. The unlimited supply of labour is available
A business cycle, also known as an 'economic cycle' or 'trade cycle' is the alternate expansion and contraction in overall business activities over time in an economy. It is the
Repo Rate and Reverse Repo Rate are the two instruments of Liquidity Adjustment Facility (LAF) which allows banks to borrow money from the Reserve Bank of India (RBI) through repurchase
Unemployment represents the number of people in the workforce who want to work but do not have a job. It is generally stated as a percentage and calculated by dividing
Demand liabilities are the deposits received by banks which they have to pay when demanded by the depositors. For example, Current and Savings Bank Account Deposits, Demand Drafts (FD) and