Knowledge Track

Prompt Corrective Action (PCA) Framework PCA stands for Prompt Corrective Action . After the financial results of the banks in 2017-18, the government formed a committee to restructure the assets of these banks. Apart from this, 11 out of 21 public sector banks are under the purview of PCA due to rising losses and sinking debt. Prompt Corrective Action is a US federal law mandating progressive penalties against banks that exhibit progressively deteriorating capital ratios. After coming under the purview of this framework- These banks cannot extend branch. RBI can prevent them from making dividend payment. Many conditions can be imposed by RBI even if these banks give loans. The Reserve Bank of India can take action to consolidate, reorganize and close these banks. RBI may impose restrictions on management compensation and directors fees of these banks. Bank of Baroda Total loss of 3102.34 crores in the quarter from January to March (2018). The bank's NPA...

COVID-19(CORONAVIRUS) COVID-19 is a new illness that can affect your lungs and airways. It's caused by a virus called CORONAVIRUS . The coronavirus (COVID-19) outbreak came to light when on December 31, 2019, China informed the World Health Organization (WHO) of a cluster of cases of pneumonia of an unknown cause in Wuhan City in Hubei province. On January 9, 2020, the WHO issued a statement saying Chinese researchers have made “preliminary determination” of the virus as a novel coronavirus. WHO Director-General Tedros Adhanom Ghebreyesus said officials needed a name that did not refer to a geographical location, an animal, an individual or group of people. It also had to be pronounceable and related to the disease. With the overall cases worldwide rising rapidly, the WHO has declared the outbreak a global health emergency. WHO called this situation a Pandemic. SYMPTOMS Symptoms include fever, cough, shortness of breath, pneumonia and chest or liver pain. ...

T hings to do while you self-quarantine As the number of suspected and confirmed coronavirus patients in the world continues to climb, one of the most common responses from state and county public health officials is to suggest people who may have been exposed to the disease self-quarantine. Don't leave your house unless you need to go to a doctor, stay home. If there are other people in your home, you should attempt to stay in one room as much as possible and use a separate bathroom. As concerts are postponed, sporting events are canceled, schools are closed and tourist hot spots are shut down, experts recommend that even those who show no sign of illness stay home during this time of global pandemic.  Now the question is how we can spend our precious time? SLEEP AS MUCH AS YOU CAN. WATCH MOVIES ON NETFLIX CLEAN YOUR HOUSE LEARN A NEW SKILL FOCUS ON YOUR BODY READ A BOOK SPEND TIME WITH YOUR FAMILY REARRANGE YOUR WARDROBE LEARN A LANGUAGE CALL...

Stagflation Meaning A period of slow economic growth and high unemployment (stagnation) while prices rise (inflation) or Stagflation is an economic situation where the growth rate slows down, unemployment levels remain steadily high & inflation also stays high. In economics, the English word Stagflation refers to a situation when both the inflation rate and the unemployment rate remain high. This is a financially difficult situation for a country, since, at the moment both inflation and economic stability problems arise simultaneously and no macroeconomic policy can simultaneously focus on these problems at the same time can. The origin of the word stagflation consisting of two-word sounds is generally attributed to British politician Len McLeod, who coined the term in 1965 during one of his speeches in the parliament there. This concept is also notable partly because, in the post-war macro-economic theory, Inflation and recession were considered to be mutually exclusiv...

Difference between Gross Domestic Product at Market Price(MP) and Gross Domestic Product at Factor Cost(FC) In the previous article, we learned what GDP is and how to calculate it. If you didn't seen my previous article then click this link What is GDP and GNP and Methods to calculate it . But at the end of that article, I said to be continued so I am writing this article. You must have read about GDP at market price (MC) and GDP at factor price (FC) many times. But the clean language of economics overwhelms us. I do not know why they serve things in books, but some terms of economics are very easy to understand. Take GDP (mp) and GDP (fc) only. Gross Domestic Product at Market Price It is clear from the name itself that there is talk of market price here. The price / price of a product or service that we buy from the market. Suppose you and we go to the hotel and eat tandoori roti. When the food starts to rise, the waiter comes and stops the bill. Then we both start argu...

What is GDP and GNP and Methods to Calculate it In this article we will know what is GDP and how it is calculated. In the next parts of this article we will discuss about how NNP, NDP, GNP, GDP, NNPFC, NNPMP are different from each other. We will also discuss what the GDP at constant price and GDP at current price are. By the way, all the notes related to Economics are being added on this page, which you cannot afford to miss. By the way, you can find all the notes of Economics on this page. Gross Domestic Product  All those things which are produced inside the country or within the country economic value. Here, Domestic means within the country and all things means both goods and services. Gross National Product (GNP) All those things which are produced inside the country PLUS income which have come from outside, their economic value. Suppose, a person named 'A' brought the money abroad to America, to our country India = counted in GNP. On the other hand, '...

Goods and Services Tax(GST) The Rajya Sabha passed the Goods and Services Tax(GST) Bill unopposed on 3 August 2016. This bill has already been passed by the Lok Sabha. Thus, this bill has got the approval of both the houses. It is being described as a historical event. Economists say that since 1947, this is a step of India's economic reform. The third meeting of the GST Council was held on 19/10/2016 . In this, it was considered to determine the rate for GST. It was attended by Finance Minister of the Central Government and representatives of various states. No final decision on GST rate could be reached in the meeting. Most states objected to the imposition of additional cess on demerit goods. Now this meeting will again be held on 3-4 November 2016 in which the final decision will be taken on the tax structure of GST. To understand GST (Good and Services Tax) first we have to first understand the tax structure of India. Let's first understand the tax structure o...