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The Reserve Bank of India Act, 1934 (RBI Act) was amended by the Finance Act, 2016, to provide a statutory and institutionalised framework for a Monetary Policy Committee, for maintaining price stability, while keeping in mind the objective of growth. The Monetary Policy Committee is entrusted with the task of fixing the benchmark policy rate ...
Andhra Bank Company type Public Traded as NSE: ANDHRABANK BSE: 532418 Industry Banking Financial services Founded 28 November 1923 ; 101 years ago (1923-11-28) Founder Bhogaraju Pattabhi Sitaramayya Defunct 1 April 2020 ; 4 years ago (2020-04-01) Fate Merged with Union Bank of India Successor Union Bank of India Headquarters Hyderabad, Telangana, India Areas served India Dubai Malaysia Jersey ...
In 2023, according to the Freedom in the World report by Freedom House, India was classified as a "partly free" country for the third consecutive year. [31] [32] The V-Dem Democracy Indices by V-Dem Institute classify India as an 'electoral autocracy'. In 2023, it referred to India as "one of the worst autocracies in the last 10 years". [33]
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The New Economic Policy (NEP) (Russian: новая экономическая политика (НЭП), romanized: novaya ekonomicheskaya politika) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient.
The history of voluntary blood donation in India dates back to 1942 during the Second World War when blood donors were required to help the wounded soldiers. The first blood bank was established in Kolkata, West Bengal in March 1949 at the All India Institute of Hygiene and Public Health and was managed by the Red Cross.
Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organizatio
For example, suppose a country has 10 million individuals, a poverty line of $500 per year, and a poverty gap index of 5%. Then an average increase of $25 per individual per year would eliminate extreme poverty. $25 is 5% of the poverty line. The total increase needed to eliminate poverty is US$250 million—$25 multiplied by 10 million ...