UGI USER, Author at Universal Group Of Institutions

09May 2024

UGI USER
17
1

GIVING PRIMACY TO HUMAN DEVELOPMENT

Syllabus: GS-2: Management of Social Sector/Services relating to Health, Education, Human Resources. GS-3: Economic Development Why in the news? Recent reports highlight India’s struggles with inequality and low human development, urging policy reform and prioritisation of welfare. source:springer Focus: Recent reports highlight concerning trends in India’s development, particularly regarding human development and inequality. These reports …

09May 2024

UGI USER
14
0

A DIGNIFIED PEACEFUL PASSING IS EVERYONE’S RIGHT

SYLLABUS: GS 2: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment Focus: Wilful default cases on the rise: Banks filed suits against 36,150 NPA accounts to recover Rs 9.26 lakh cr in FY23 About Wilful Defaulter Introduction to Wilful Defaulter: Wilful defaulters are entities or individuals who fail to …

09May 2024

UGI USER
14
0

CHINA’S LENDING DOMINANCE AND ITS IMPLICATIONS

Syllabus: GS 2 : India and its Neighborhood- Relations. Effect of Policies and Politics of Developed and Developing Countries on India’s interests Focus: China’s Role in Debt Surge: China’s significant lending activities, particularly in South Asia, Africa, and South America, have led to a surge in external debt in these regions, raising concerns about financial …

09May 2024

UGI USER
21
2

INSURANCE SECTOR

Origin of Insurance Insurance can be traced back to ancient times, specifically to the Mediterranean merchants in the fourth century B.C., who issued bottomry bonds. These bonds were essentially early forms of insurance policies that protected cargo and ships against the perils of the sea. The fundamental premise of insurance is to spread the financial …

09May 2024

UGI USER
14
1

FINANCIAL INSTITUTIONS IN INDIA

National Bank for Agriculture and Rural Development (NABARD) Overview: NABARD is a regulatory body for regional rural banks in India. It is an apex banking institution operating under the Ministry of Finance, headquartered in Mumbai. Its primary focus is on financing agriculture and rural development, including small-scale industries and cottage industries. Establishment: NABARD was established …

09May 2024

UGI USER
24
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RBI AND MONETARY POLICY IN INDIA

Meaning of Central Bank A central bank is the primary financial institution of a country responsible for managing the nation’s monetary policy and regulating its banking system. Unlike commercial banks, a central bank has the exclusive authority to expand the nation’s monetary base. Central banks worldwide are tasked with ensuring the stability of the financial …

09May 2024

UGI USER
16
2

THE BANKING SYSTEM IN INDIA

History and Evolution of Banking in India Banking in India has evolved significantly over the years, reflecting the country’s broader economic, social, and political transformations. From its nascent stages in the 18th century to its current status as the backbone of the economy, Indian banking has undergone three distinct phases. Each phase has been marked …

09May 2024

UGI USER
20
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MONEY AND CURRENCY SYSTEM

What is money? Money is a medium of exchange, a unit of account, and a store of value. It is a universally accepted means for people to trade goods and services. Historically, money has taken various forms, including coins, paper notes, and digital currencies. In modern economies, money is primarily created and regulated by central …

09May 2024

UGI USER
17
2

INCLUSIVE GROWTH

Introduction Inclusive growth is a concept that emphasizes fair distribution of resources, ensuring that all segments of society benefit. The World Bank views it as a balance between the rate and structure of growth, while the UNDP sees it as a process where everyone participates and gains equally. The OECD defines it as economic growth …

08May 2024

UGI USER
18
0

EMPLOYMENT, UNEMPLOYMENT AND SKILL DEVELOPMENT

Employment Full Employment: This concept signifies a scenario where every individual capable and willing to work finds employment at the prevailing wages. Essentially, it denotes a situation devoid of involuntary unemployment, aligning with John Maynard Keynes’s perspective that full employment is achieved when no one is involuntarily out of work. Significance of Full Employment: Attaining …

By UGI USER