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What is GDP and GNP and Methods to calculate it

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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, '...
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Prompt Corrective Action (PCA) Framework

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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...
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COVID-19 (Coronavirus)

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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. ...
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