Ocean of Knowledge
Payment Banks 08 Jul 2020 6 min read What are Payment Banks? A payments bank (Airtel Payments Bank, India Post Payments Bank, etc.) is like any other bank, but operating on a smaller or restricted scale. Credit risk is not involved with the Payments Bank. It can carry out most banking operations but cannot advance…
Goods and Services Tax (GST) 13 Jul 2020 10 min read Introduction The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. Main Features…
Biotechnology and its Applications 04 Aug 2020 16 min read Introduction Biotechnology is technology that utilizes biological systems, living organisms or parts of this to develop or create different products. Brewing and baking bread are examples of processes that fall within the concept of biotechnology (use of yeast (= living organism) to produce the desired…
Basel Norms 12 Aug 2020 11 min read What are Basel norms? Basel norms or Basel accords are the international banking regulations issued by the Basel Committee on Banking Supervision. The Basel norms is an effort to coordinate banking regulations across the globe, with the goal of strengthening the international banking system. It is the…
Small Finance Bank 07 Sep 2020 11 min read Meaning Small Finance Banks are the financial institutions which provide financial services to the unserved and unbanked region of the country. They are registered as a public limited company under the Companies Act, 2013. Objective Access to financial services: The main purpose behind having small finance…
Ozone 28 Sep 2020 9 min read What is Ozone? Ozone (composed of three atoms of oxygen) is a gas that occurs both in the Earth’s upper atmosphere and at ground level. Ozone can be “good” or “bad” for your health and the environment, depending on its location in the atmosphere. How can Ozone be…
Agricultural Reforms 13 Oct 2020 11 min read Introduction The Government with the aim of transforming agriculture in the country and raising farmers’ income have passed three important legislation from Parliament. These legislations sought to bring much needed reforms in the agricultural marketing system such as removing restrictions of private stock holding of agricultural produce…
OTT Platforms 30 Nov 2020 6 min read Why in News? The government has brought video streaming over-the-top (OTT) platforms under the ambit of the Ministry of Information and Broadcasting. These platforms were so far under the purview of the Ministry of Electronics and Information Technology. Over-The-Top Platforms OTT or Over-the-Top platforms are audio and…
Land Reforms in India 14 Dec 2020 16 min read Pre Independence Under the British Raj, the farmers did not have the ownership of the lands they cultivated, the landlordship of the land lied with the Zamindars, Jagirdars etc. Several important issues confronted the government and stood as a challenge in front of independent India….
Biological Diversity Act, 2002 28 Dec 2020 12 min read Background The Biological Diversity Act, 2002 was born out of India’s attempt to realise the objectives enshrined in the United Nations Convention on Biological Diversity (CBD) 1992 which recognizes the sovereign rights of states to use their own Biological Resources. Biodiversity: The biodiversity means the…