The Capital Adequacy Ratio (CAR) is a vital metric used to gauge banks’ resilience in absorbing losses and their capacity to manage liabilities and address credit and operational risks. Regulators employ it to evaluate a bank’s resilience to losses. A higher CAR signifies greater capacity to endure losses, translating to lower risk for the bank.… Read More »
The Vaigai River in Tamil Nadu 1. Origin and Path 2. Length and Drainage Basin 3. Tributaries 4. Utilitarian Significance 6. Ecological and Economic Impact Historical and Literary Importance Cultural and Mythological Connections Development programme Vaigai River Front Development – Work in progress
The Barak River, known as the Surma River in Bengali, is a significant waterway in Northeast India and Bangladesh. It is the largest river in Assam’s Barak Valley, India, and the second-largest in Bangladesh, following the Padma River. Key Points The Barak Valley encompasses an expansive geographical area of 6922.00 square kilometres, excluding two hill… Read More »
Veer Surendra Sai Veer Surendra Sai (1809–1884) was an illustrious freedom fighter from Odisha, India. Born into Sambalpur’s royal family, he rightfully claimed the throne. However, the British East India Company installed a puppet ruler instead of recognizing his claim. Defying British rule, Sai embarked on a relentless quest for independence. Leading a guerrilla war,… Read More »
The Indian Bureau of Mines (IBM) is a versatile government entity operating within the Department of Mines. Established in March 1948 under the Ministry of Works (now part of the Ministry of Mines), its primary mission involves: It should be noted that IBM’s jurisdiction excludes coal, petroleum, natural gas, atomic minerals, and minor minerals. Headquarters… Read More »
Purchasing Power Parity (PPP) serves as a method to gauge the relative purchasing power of various currencies. It involves comparing the prices of a standard basket of goods and services in different countries. PPP finds its utility in assessing and comparing the standard of living between nations and adjusting economic data to account for price-level… Read More »
Tobin tax is basically a tax that is levied on the short term currency transactions in order to discourage the volatility and speculation. It’s like a small fee proposed for certain financial transactions, especially those involving different currencies. A tool used in finance to keep a check on a country’s currency stability. People also call… Read More »
The Laffer Curve is a theory to show the relationship between tax rates and the amount of tax revenue collected by governments. A Brief Explanation A curve named after economist Arthur Laffer, which reveals a fascinating principle about taxes. When tax rates are lowered, it can supercharge economic growth. How does this work? Well, let’s… Read More »
A liquidity trap is when expansionary monetary policy (increase in money supply) does not increase the interest rate or income and hence does not stimulate economic growth. A Simple Explanation with Example. Picture a scenario called a “liquidity trap.” It’s a peculiar situation in the world of economics where the usual tricks of the trade… Read More »
Lorenz curve A Lorenz curve is a graphical representation of income inequality or wealth inequality Brief Explanation Imagine the Lorenz curve as a visual snapshot of how money or assets are spread out among the people in a community. Max O. Lorenz created this nifty Graph in 1905 to help us understand wealth inequality. Building… Read More »