Which of the following should always be balanced in the foreign trade of India?

 

 

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.

• Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks

• Fiscal policy is the collective term for the taxing and spending actions of governments.

In India, planned economy is based on Socialist System.

ANBC Full Form is Adjusted Net Bank Credit.

ANBC refers to Adjusted Net Bank Credit, is Net Bank Credit added to investments made by banks in non-SLR bonds (in held-to-maturity) or it is the credit equivalent of off-balance - sheet exposures, whichever is higher.

Net Bank Credit = Outstanding bank credits in India (-) Bills rediscounted with RBI/approved financial institutions.

India slips to 7th position on the business optimism ranking.

The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 7th position in the 3rd quarter of 2017.

The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.  

Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.