An Introduction to Himachal Pradesh Economy

An Introduction to Himachal Pradesh Economy The era of planning started in Himachal in 1948 along with the rest of India. The first five year plan allocated Rs.5.27 crore to Himachal. More than 50% of this expenditure was incurred on road construction since it was felt that without proper transport facilities, the process of planning … Read more An Introduction to Himachal Pradesh Economy

Role and Functions of Reserve Bank of India and commercial banks

Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more Role and Functions of Reserve Bank of India and commercial banks