by Team Spectrum Books | Nov 1, 2023 | Economy
A usually short-term forward contract which is cash-settled is referred to as a non-deliverable forward (NDF). Since the notional amount is never transferred, the asset is referred to as ‘non-deliverable’. For an agreed-upon sum of money, or in the case of currency...
by Team Spectrum Books | Oct 25, 2023 | Economy
Introduction The Reserve Bank of India (RBI) announced on September 8, 2023 that it would discontinue the incremental cash reserve ratio (I-CRR) because of an assessment of current and evolving liquidity conditions. The RBI also decided to release the amount under the...
by Team Spectrum Books | Oct 14, 2023 | Economy
Mission Indradhanush was first launched in December 2014 to achieve universal immunisation coverage. India had an immunisation programme from 1978. The ‘Expanded Programme of Immunisation’ was launched by the Ministry of Health and Family Welfare, which was one of the...
by Team Spectrum Books | Oct 11, 2023 | Economy
Introduction The National Curriculum Framework (NCF) 2023 is the visionary framework released by the National Council for Educational Research & Training (NCERT) in the country. Considered as a ‘pioneering step’, this document defines the framework, principles,...
by Team Spectrum Books | Oct 9, 2023 | Economy
In order to fund states and union territories (UTs) to attain higher levels of education, access, efficiency, transparency, and accountability, a centrally sponsored scheme, namely, Rashtriya Uchchatar Shiksha Abhiyan (RUSA) was launched in 2013. In 2018, the second...
by Team Spectrum Books | Oct 6, 2023 | Economy
The Ministry of Commerce, Government of India, on August 3, 2023 released a notification stating that import of laptops, tablets, all-in-one personal computer, and ultra-small form factor computers and servers falling under HSN 8471 (automatic data-processing...
