Open economy – Role of MNCs in India
Theme:- Multinational Corporations (MNC) operate in more than one country.
- In 1991, India faced an economic crisis and to lift the country out of the crisis, the Indian government rolled out economic reforms, and hence openly opted for economic liberalisation.
Should public sector banks be privatized?
Due to increasing banking scams, lack of dynamism and bad corporate governance which ultimately lead to declining trust in the public sector banks, the question of privatization is a burning one. There are mixed sentiments about the same. While some…
Plastic Money – Advantages & Disadvantages
What is Plastic Money: Using plastic cards in place of physical cash is now a common phenomenon. These cards are called plastic money. Debit cards & credit cards are good examples of plastic money. Plastic money has provided us with…
Recapitalization of Banks
Background :- Since the government has a major stake in public sector banks it injected capital through Recapitalization bonds, raised equity through market and budgetary allocation to reduce the increasing problem of bad debt. In 2017, Government of India announced…
