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Transfer payments are the receipts that the residents of a country get for free without having to pay for any goods or services. They Include migrants’ transfers by way of remittances for family maintenance, repatriation of savings and transfer of financial and real resources linked to changes in the resident status of migrants. Transfers payments represent one-sided transactions, i.e., transactions that do not have any quid pro quo. Since payments have to be made for the imported material, it does not form part of Transfer payments. Official transfer receipts record grants, donations and other assistance received by the Government from bilateral and multilateral institutions. Similar transfers by Indian Government to other countries are recorded under official transfer payments.
In the modern business environment, the concept of Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This c...
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
In the financial markets, the process of dematerializing government securities involves converting physical certificates into electronic form. This proc...
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In the evolving landscape of financial markets, the structure and governance of stock exchanges have undergone significant changes to improve transparen...
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The Mudra Loans are collateral free but backed by government guarantee . Which of the following give the guarantee for Mudra loans ?
Which of the following credit facility aimed to i ncrease flow of credit to individuals for entrepreneurial activity in the non-farm sector , which is e...
Which of the following is not true about Pradhan Mantri Mudra Yojana?
1. Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’bl...
What is the Loan-to-Value (LTV) ratio for loans against equity shares and equity mutual funds (in dematerialized form) for Scheduled Commercial Banks (S...
