by Team Spectrum Books | Oct 14, 2021 | Economy
Evolution of Money Money, as we know of it today, is the result of a long-drawn process. At the beginning, there was no money. The barter system formed the backbone of the economy. This system involved the exchange of one set of commodities for other commodities...
by Team Spectrum Books | Oct 5, 2021 | Economy
The National Automobile Scrappage Policy, launched on August 13, 2021 was proposed in the annual budget for 2021–22. It dictates that all automobiles over a certain age should be off the roads in the interest of better pollution control and safety, which new vehicles...
by Team Spectrum Books | Sep 22, 2021 | Economy
Importance of Reforms Economic reforms that countries undertake are aimed at changing the structure as well as overall direction of the economy. Reforms can significantly affect the amount of resources at the disposal of a country. These reforms can ease the obstacles...
by Team Spectrum Books | Sep 20, 2021 | Economy
In accordance with Section 3 (1) of the Electricity Act, 2003, the Ministry of Power (MoP) released the draft National Electricity Policy (NEP) in April 2021 after a long gap of sixteen years, since the NEP 2005. The policy report was prepared by a committee, chaired...
by Team Spectrum Books | Sep 20, 2021 | Economy
Vital Role of Infrastructure Infrastructure is critically linked to economic growth and development. Well-developed infrastructure provides key economic services efficiently, improves the competitiveness, and extends vital support to the productive sectors. Over the...
by Team Spectrum Books | Aug 14, 2021 | Economy
Prime Minister Narendra Modi on August 02, 2021, launched digital payment solution e-RUPI, a person- and purpose-specific cashless digital payment solution, via video conference. This futuristic reform initiative has come at a time when the country is celebrating the...
