by Team Spectrum Books | Nov 18, 2021 | Economy
On November 3, 2021, the central government announced a Rs 5 per litre cut in excise duty on petrol and a Rs 10 per litre cut in excise duty on diesel. (The last time the government cut excise duties was in October 2018 when crude oil prices peaked at US$ 84 per...
by Team Spectrum Books | Nov 1, 2021 | Economy
The expenditure incurred by the government is classified under capital expenditure and revenue expenditure. Capital expenditure (capex) is the money spent by the government towards the creation or acquisition of physical or financial assets or to reduce financial...
by Team Spectrum Books | Nov 1, 2021 | Economy
Infrastructure creation in India had suffered for decades on account of a number of issues. There was lack of coordination between different departments of government while planning and executing projects in a comprehensive manner; for example, no sooner was a road...
by Team Spectrum Books | Oct 27, 2021 | Economy
Coal: The Black Diamond “Coal is king and paramount Lord of industry is an old saying in the industrial world.” Industrial greatness has been built on coal by many countries. In India, coal is the most important indigenous energy resource and has industrial...
by Team Spectrum Books | Oct 21, 2021 | Economy
Bad Loans: A Brief History Loans are assets for a bank. An asset becomes non-performing when it ceases to generate income for the bank. The Reserve Bank of India (RBI) defines a non-performing asset (NPA) as a credit facility in respect of which the interest and/or...
by Team Spectrum Books | Oct 21, 2021 | Economy
Prime Minister Narendra Modi on October 11, 2021 virtually launched the Indian Space Association (ISpA). The ISpA is an industry association of space and satellite companies, with the aim to boost the central government’s efforts in commercial space exploration...
